Now, allowing the tax to be an aliquot
part--one-fourth for example--of the income derived from each piece of
property, it is clear on the one hand that the proprietor would not, in
order to lighten his share of the tax, underestimate the value of his
property; since, house and farm-rents being fixed by the value of the
capital, and the latter being measured by the tax, to his
real estate would be to reduce his revenue.
part--one-fourth for example--of the income derived from each piece of
property, it is clear on the one hand that the proprietor would not, in
order to lighten his share of the tax, underestimate the value of his
property; since, house and farm-rents being fixed by the value of the
capital, and the latter being measured by the tax, to his
real estate would be to reduce his revenue.
Proudhon - What is Property? An Inquiry into the Principle of Right and of Government
