It is stable, easier to measure, hard to game
"Of all the Accumulative Excizes, that of Harthmoney or Smoak-money
seems the best; and that onely because the easiest, and clearest, and
fittest to ground a certain Revenue upon; it being easie to tell the
number of Harths, which remove not as Heads or Polls do: Moreover, 'tis
more easie to pay a small Tax, then to alter or abrogate Harths, even
though they are useless and supernumerary; nor is it possible to cover
them, because most of the neighbours know them; nor in new Building will
any man who gives forty shillings for making a Chimney be without it for
two."
--
Michael Perelman
Economics Department
California State University
michael at ecst.csuchico.edu
Chico, CA 95929
530-898-5321
fax 530-898-5901
www.michaelperelman.wordpress.com
_______________________________________________
pen-l mailing list
[email protected]
https://lists.csuchico.edu/mailman/listinfo/pen-l
