As The Revenue Of The Farmer Is

After All The Fertile Land In The Immediate Neighbourhood Of The First Settlers Were Cultivated, If Capital And Population Increased, More Food Would Be Required, And It Could Only Be Procured From Land Not So Advantageously Situated.

A Rise Of Wages From This Cause Will, Indeed, Be Invariably Accompanied By A Rise In The Price Of Commodities; But In Such Cases, It Will Be Found That Labour And All Commodities Have Not Varied In Regard To Each Other, And That The Variation Has Been Confined To Money.

Again Two Manufacturers May Employ The Same Amount Of Fixed, And The Same Amount Of Circulating Capital; But The Durability Of Their Fixed Capitals May Be Very Unequal.

Whenever, Then, The Usual And Ordinary Rate Of The Profits Of Agricultural Stock, And All The Outgoings Belonging To The Cultivation Of Land, Are Together Equal To The Value Of The Whole Produce, There Can Be No Rent.

I Have Endeavoured To Show That The Ability To Pay Taxes Depends, Not On The Gross Money Value Of The Mass Of Commodities, Nor On The Net Money Value Of The Revenue Of Capitalists And Landlords, But On The Money Value Of Each Man's Revenue Compared To The Money Value Of The Commodities Which He Usually Consumes.