HKB
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Often appears with: tithes · taxation, tribute, and revenue · tax incidence on landlords · justice as a virtue · farmers’ rent deductions
Usually: argument (1) · censure (1) · detachment (1)
“It is undoubtedly true, that the farmer does calculate his probable outgoings of all descriptions, when agreeing with his landlord concerning the rent of his farm; and if for the tithe paid to the church, or for the tax on the produce of the land, he were not compensated by a rise in the relative value of the produce of his farm, he would naturally deduct them from his rent.” David Ricardo, On The Principles of Political Economy, and Taxation · observation
Ricardo critiques Adam Smith’s claim that taxes on land produce are ultimately paid by landlords; he says farmers would only deduct taxes if prices failed to rise, but they should rise instead.
but they take from each quality of land a contribution in proportion to its actual produce, and not in proportion to the produce of that which is the least productive. From the peculiar view which Adam Smith took of rent, from his not having observed that much capital is expended in every country, on the land for which no rent is paid, he concluded that all taxes on the land, whether they were laid on the land itsel…