long
.action, as ?hey did not
Oovernmen? eonld hire
?he economic peaRion
men? servants wonld
my presen? purpose;
standing, they me. rely represent ? paper trans-
affect the real price &t which
of the taxes
be lengthy and
A full discussion of
paid by Govern-
nnprofitable for
but if the full salaries paid tl?em
be included in any
capacity; and this
will usnally be the most convenient plan.
It is necessary next ?o consider the taxable capacRy
o[ different classes of the pophint. ion separately. For
this pnrpose it is convenient to coin a new technical
phrase--minim. u,? social expen.diture which means that
portion of the social income which is expended on
necessaries, absolnte and conventional, and 'is, there-
fore, that minimnm expendRnre on which society can
exist. will be observed that the minimnm social
expenditure pins the taxable capacity of any commu-
nRy are
whole is
average
eqnal to
composed
incomes.
the snm of the
its social income.
of ?nany classes
The social income
net incomes of all
Society as a
having different
of the class is
the persons in
mum
For
that class; and the social income of the whole popul&-
tion is the stun o? the social incomes of all the
classes into which it may be divided taken separately.
Each class of the commnnity has its own mini-
social expenditnre and
each class, and also
its own taxable capacity.
in comparing each class
with others, we no?icc that minimnm social expendi-
ture increases as social income inclen. sea, lint nsua!ly
not so fast, so float taxable capacity increases
faster than minimnm social expendRm'e. The same
relation is seen when we compare the whole popula-
tions of different cormtries. Minimnm social expendi-
ture is probably highest per head of population in
of the taxes paid
numerical estimate
by them
of the
?nnst
?axable
are incldded in the social income, obvionsly the whole
Page:Indian Journal of Economics Volume 2.djvu/258
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246
H. STANLEY JEVONS