On the record
I take the expenditure of the capitalist, not the value of the capital, as my standard; because it is the standard upon which, amongst us, property, as an object of taxation, is rated.
Said by
Edmund Burke
Source
gutenberg.orgEdmund Burke: “I take the expenditure of the capitalist, not the value of the capital, as my standard; because it is the standard upon…”
Editor's note · Context
Burke argues that the expenditure of capitalists is a more relevant measure for taxation than the value of their capital.
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