ABSTRACT

Every day the community needs a fresh supply of bread, milk, fish and meat; shoes and clothes wear out, and have to be replaced. A partial failure of crops may cause the price of corn to sky-rocket. The landlord would get less money for his share of the corn at the same time that the farmer received less money for the corn that remained to him after deducting the landlord’s share. The farmer gains nothing by the rise in the price of corn, for although he receives more money, that additional money is taken from him by the government as a tax on profit. The landlord would receive the same money rent, and would obtain all the commodities on which it was expended at their former price; so that under all circumstances he would continue untaxed.