...important, as it is the most famous, of these rules concerns the ground of assessment, as follows : " The subjects of every state ought to contribute towards...government as nearly as possible in proportion to their several abilities ; that is, in proportion to the revenue which they respectively enjoy under the protection...

...greatest remuneration that the market can give him (Hear). Adam Smith has laid down this principle, that " the subjects of every state ought to contribute towards...respective abilities, that is, in proportion to the revenue they respectively enjoy under the protection of the state." Now, we fay, with regard to the malt•...

...rule for taxation, as laid down by Adam Smith (Wealth of Nations, Bk. 5, Ch. 2, Art. 4.), is that: "The subjects of every State ought to contribute towards...respective abilities ; that is, in proportion to the revenues which they respectively enjoy under the protection of the State. The expense of government...

...referred to the Committee on Claims 1965 resolution offered by, that the people onght to contribute to the support of the Government as nearly as possible...respective abilities: that is, in proportion to the revenue they enjoy under its protection. In the observation or neglect of this maxim consists what is called...

...Smith's well-known maxims of taxation declares that " The subjects of every State ought to contribute to the support of the Government as nearly as possible...respective abilities ; that is, in proportion to the revenues which they respectively enjoy under the protection of the State." Mr. JS Mill, in quoting...

...good rules that everybody who studies political economy ought to learn them. They are as follows — (1) The subjects of every state ought to contribute...towards the support of the government, as nearly as poss1ble, 1n proportion to their respective abilities ; that is, in proportion to the revenue which...

...condensed, in substance, as follows: " First. — The subjects of every state ought to contribute to the support of the government, as nearly as possible, in proportion to the revenue which they enjoy under the protection of the state. " Second. — The tax which each subject...

...rules of equitable taxation, as follows : 1. " The subjects of every state ouglit to contribute toward the support of the government, as nearly as possible,...the revenue which they respectively enjoy under the prohztion of the state. 2. The tax which each individual is bound to pay ought to be certain and not...

...become classic." These maxims are as follows: 1. "The subjects of every state ought to contribute to the support of the government, as nearly as possible,...respective abilities; that is, in proportion to the revenue they enjoy under the protection of the state." 2. "The taxation which each individual is bound to pay...

...Smith's leading maxim of taxation: 'The subjects of any Si&te ought to contribute towards tie rapport of the Government as nearly as possible in proportion...; that is, in proportion to the revenue which they rapactively enjoy under the protection of the State.' But it may k objected that, practically speaking,...