Aristocracy Quote by John Bright
“As to the Income Tax, my opinion is that the needful revenue would be fairly and most fairly raised if paid by property, and by individuals in proportion to their property. A Property Tax should be an assessment upon all land and buildings, and canals and railroads, but not on property such as machinery, stock in trade, etc. The aristocracy have squeezed all they can out of the mass of the consumers, and now they lay their daring hands on those not wholly impoverished.”
About This Quote
Source Speech: Parliamentary debate, United Kingdom, 1865
Advocates shifting tax burden to land and buildings, arguing it is fairer than taxing personal assets or trade goods.
In simple terms: Tax land and buildings, not personal goods.
Implement a property tax on real estate.
Themes
Mood
Type
When to use this quote
- urban planning
- infrastructure funding
- housing policy
- wealth inequality
- public budgeting
Key Concepts
Questions to Reflect On
- How would a property tax affect housing affordability?
- What alternatives exist for equitable revenue?
Property taxes may discourage investment in real estate development.