True Theory of Rent

Cover True Theory of Rent
True Theory of Rent
T Perronet Thomas Perronet Thompson
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The Section upon ' Taxes on Commodities' is true with respect to only one of the two great divisions into which com- modities are to be classed ; and only partially true with re- spect to that.
When a tax is laid on any commodity that has not a mo- nopoly gain behind, it rises in price, ' and the dealer or pro- ' ducer is re-imbursed for what he has advanced on account of ' the tax. If he were not re-imbursed, he would not remain ' upon a level with others, and would discontinue his trade. ' An
...d if the tax was laid upon all commodities, it would still ' fall upon purchasers. ' Such with the exception of the li- mitation relating to monopoly produce are the admissions of the author. It would be curious to know how he con- vinces himself, that this is true when the tax is demanded from the producer under the title of a tax on his commodities, and would not have been true if the same sum had been demanded from him under the title of a tax on his profits.
The omissions are, First, The distinction into commodities which are produced under a monopoly, and commodities which are not ; or in other words into raw produce, and manu- factured goods*.


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