ABSTRACT
This chapter demonstrates Jeremy Bentham's plans of public finance, as well as monetary regulation, were consistent with his fundamental views on the principles of legislation which concerned political economy the security-providing principle and the equality-maximizing principle. It examines Bentham's general view on taxation and his two plans to raise revenue by taxation: an extension of the escheat law, and a tax on the profits of bankers and stock dealers. The chapter discusses Bentham's Annuity Notes scheme one of his plans to raise revenue by 'money-traffic'. It explains the reason why Bentham finally abandoned the Annuity Notes scheme and shifted his concern to monetary regulation. The degree of reduction would depend on the modes of taxation. The main purpose of taxation had to be to raise revenue. Bentham attempted to extend the existing law of escheat which applied only to landed property with no heir. The other financial measure which Bentham proposed was a tax on profits associated with monopoly/exclusive privilege.
