Local Taxation Especially in English Cities And Towns a Speech Delivered in
Local Taxation Especially in English Cities And Towns a Speech Delivered in
James Edwin Thorold Rogers
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Lowe, and Chancellor of the Ex- chequer, and told him that they could not compete against the Stores because they had to pay Income-tax and the Stores had not. He was talking to me about this, and I said to him, '^ Of course, you see that this can only mean, that the traders make their customers pay a double Income-tax, their own and their tradesmen's ; in short, they transfer their taxes to their customers by raising the price of their goods. " Now, Sir, I do not blame these tradesmen. They ar...e simply carrying out a familiar economical law. Their action has no taint in it, for every person who has the wit to transfer a tax from himself to his neighbour must have the sympathy of every right-minded citizen, for he is educating himself in what we are told is the business of life, i. E. The Survival of the fittest. But with such excep- tions, and they could be multiplied in number and degree, taxes have always a tendency to stay upon those upon whom they are first imposed. This is a statement which I believe no fair-minded economist would ever pretend to dispute.
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