Whatsoever by bounties or immunities is encouraged out of a landed revenue has certainly some tendency to lessen the net amount of that revenue, and to forward a produce which does not yield to the gross collection, rather than one that does.
Burke discusses the economic impact of government incentives on land revenue.
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Whatever they are, I wish my countrymen rather to recommend to our neighbors the example of the British Constitution than to take models from them for the improvement of our own.
If any of them should happen to propose a scheme of liberty soberly limited, and defined with proper qualifications, he will be immediately outbid by his competitors, who will produce something more splendidly popular.
Let us imitate their caution, if we wish to deserve their fortune or to retain their bequests.
But when the leaders choose to make themselves bidders at an auction of popularity, their talents, in the construction of the state, will be of no service.
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