gooned the former English, into the excess of taxation that now
exists; and when it is considered that the pay of the army, the navy,
and of all the revenue officers, is the same now as it was about a
hundred years ago, when the taxes were not above a tenth part of what
they are at present, it appears impossible to account for the enormous
increase and expenditure on any other ground, than extravagance,
corruption, and intrigue.*[31]
With the Revolution of 1688, and more so since the Hanover succession,
came the destructive system of continental intrigues, and the rage for
foreign wars and foreign dominion; systems of such secure mystery that
the expenses admit of no accounts; a single line stands for millions. To
what excess taxation might have extended had not the French revolution
contributed to break up the system, and put an end to pretences, is
impossible to say. Viewed, as that revolution ought to be, as the
fortunate means of lessening the load of taxes of both countries, it is
of as much importance to England as to France; and, if properly improved
to all the advantages of which it is capable, and to which it leads,
deserves as much celebration in one country as the other.
In pursuing this subject, I shall begin with the matter that first
presents itself, that of lessening the burthen of taxes; and shall then
add such matter and propositions, respecting the three countries of
England, France, and America, as the present prospect of things appears
to justify: I mean, an alliance of the three, for the purposes that will
be mentioned in their proper place.
What has happened may happen again. By the statement before shown of
the progress of taxation, it is seen that taxes have been lessened to
a fourth part of what they had formerly been. Though the present
circumstances do not admit of the same reduction, yet they admit of such
a beginning, as may accomplish that end in less time than in the former
case.
The amount of taxes for the year ending at Michaelmas 1788, was as
follows:
Land-tax L 1,950,000
Customs 3,789,274
Excise (including old and new malt) 6,751,727
Stamps 1,278,214
Miscellaneous taxes and incidents 1,803,755
-----------
L15,572,755
Since the year 1788, upwards of one million new tax
|