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Excerpt from Political Tracts
From these premises, it appears, that the income of the individuals of this country is sixty millions a year: and it further appears, that if the debt of the nation was transferred to individuals, every proprietor of real estates and stock would be encumbered thereby to the amount of four years income.
A proprietor of 100l. per annum would be burdened with four hundred pounds, another of 500l. per annum with two thousand pounds, and so on in proportion; which, at four per cent. would reduce the first to 84l. and the latter to 420l. per annum.
This is no such mighty sacrifice, if it was even in addition to the present burdens.
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