Items related to Further Observations on the Practicability and Expediency...

Further Observations on the Practicability and Expediency of Liquidating the Public Debt of the United Kingdom: With Reference, Particularly, to the ... on Population and the Poor (Classic Reprint) - Softcover

Richard Heathfield

 
9781334475276: Further Observations on the Practicability and Expediency of Liquidating the Public Debt of the United Kingdom: With Reference, Particularly, to the ... on Population and the Poor (Classic Reprint)

Synopsis

This book delves into the intricacies of liquidating the British public debt acquired during the Napoleonic Wars. The author proposes an assessment on private property, arguing that it would provide substantial relief from the heavy burden of duties and taxes. The plan involves a 15% assessment on all landed property, mines, canals, foreign merchandise, and domestic wealth, with the option for landowners to pay an annual interest rate of 5% instead. The author contends that this measure would alleviate the economic distress caused by the war and stimulate the national industry. They also discuss the practicalities of implementing such a plan, including the need to safeguard holders of goods subject to duty and the importance of ensuring the assessment is fair and equitable. Ultimately, this book provides a comprehensive analysis of a significant historical event and offers valuable insights into the challenges and opportunities of managing public debt.

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