The Rationale of Reward

第6章

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第6章

The Rationale of Reward Justin Fox

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The Rationale of Reward
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  Asitrespectsofficesofwhichtheemolumentsarefixed,thequestionofeconomyissimple:theamountoftheemolumentsdoesnotdifferfromaperpetualrent。Butwhenanofficeissold,theprofitsofwhich,whetherreceivedfromthepublicorlevieduponindividuals,areuncertaininamount,thisuncertaintycausesapresumptionagainsttheeconomyofthebargain:itisdisadvantageoustothepublictobesubjecttouncertainexpenses,anditisnotprobablethattheseuncertainprofitswillsellforsolargeapriceaswouldwillinglybepaidforasalaryequaltotheiraverageamount。

  Again,astoemolumentsderivedsolelyfromindividuals。

  Theseareaspeciesoftaxoftencreatedandalienatedatthesametimeinfavouroftheoffice。Thegeneralpresumptioncannotbutbeunfavourabletotaxesimposedundersuchcircumstances。Informertimes,whenthescienceofpoliticaleconomywasinitscradle———whentaxesandthemethodsofcollectingthemwerelittleunderstood———governmentshavefrequentlythusalienatedlargebranchesofthepublicrevenue:temptbyanimmediatesupply,theyeitherdidorwouldnotregardtheextentofthesacrificestheymade。

  ThehistoryofFrenchfinanceisrepletewithinstancesofthiskind。ThecustomsofOrleans,whichwereoriginallypurchasedbyaDukeofOrleansfor60,000francs,afterwardsyieldedtohisposterityayearlyrevenueofmorethan1,000,000francs。

  Thevenalityofofficesinthatkingdomhadanexceedinglycomplex,andconsequentlyexceedinglyvicious,system。Theofficesconferringhereditarynobilityespeciallymischievous,sincethisnobilityamultitudeofexemptions。Theypaidnotaxes。Henceeverycreationofnobilitywasatax,equalinvaluetotheexemptiongranted,thrownuponthosewhocontinuedliabletopaythem。

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