Secondly, all taxes on trade and manufacture are injurious in various ways to them.
Walter Bagehot: “Secondly, all taxes on trade and manufacture are injurious in various ways to them.”
Editor's note · Context
Bagehot critiques the impact of trade taxes on economic activity.
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Subject to this saving remark, however, I not only admit, but maintain, that our Constitution is full of curious oddities, which are impeding and mischievous, and ought to be struck out.
Just so the lines of our Constitution were framed in old eras of sparse population, few wants, and simple habits; and we adhere in seeming to their shape, though civilisation has come with its dangers, complications, and enjoyments.
But it is natural also that persons used to analyse political institutions should look at these anomalies with a little tenderness and a little interest.
It is natural that those who by special and admirable culture have come to look at all things upon the artistic side, should start back from these queer peculiarities.





