23 June 1801

Polit. Economy

Analysis

Taxes

2

31

{7}

The amount of taxes imposed in discharge of debt of itself neither adds to nor

takes from the amount /mass/ of national wealth: that is of itself: but it is

the necessary result of measures of expence, necessary or unnecessary, avoidable

or unavoidable, beneficial or pernicious - by which in former mass a decrease in

the mass of national wealth was produced.(a)

But when and in so far as the money produced by those taxes is actually employ'd

in discharge of debt it adds to capital, and thereby to growing wealth.

( ) D'Yvarnas[?] and Bukes[?] errors.

The quantity of wealth