At first glance, the interest appears to be as directly taxable as the land lease. And this is a pure product that remains after full compensation of the risk and obstacles to the use of capital. Since a rent tax cannot raise rent payments, a tax on interest on money cannot raise interest on interest, since it is assumed that after paying the tax there remains the amount of movable capital or money in the country, as well as the size of the land. the same as before.



The usual rate of return is everywhere determined by the amount of capital available for placement in relation to the total amount of investment or business that will be done with these capitals. The totality of investments or enterprises that can be made with capital cannot be increased or decreased by taxes on interest income, therefore, if such taxes do not increase or decrease the amount of available capital, the normal rate of return remains, of course, the same. In this case, the part of the profit needed to compensate for the risk and the obstacle of the one who invests the capital remain unchanged, since the obstacle does not change. Therefore, at first glance, the interest rate of money also seems to be as suitable for direct taxation as the rent for land.



However, there are two circumstances in which the interest rate is much lower and directly taxable than the land rent. Firstly, neither the size nor the value of land owned by anyone can ever be secret, and they cannot be calculated even with great accuracy. The total capital, however, is almost always secret and can hardly be estimated, even with relative accuracy. It is also subject to almost continuous changes. It rarely takes a year, often not a month, sometimes not even a day, when the capital does not change to a greater or lesser extent. The constellations of Ursa Major and Ursa Minor, it turns out, need to be found using a movable star chart. It is unclear how the main points of the horizon can be determined by the phase and position of the moon relative to the horizon (p. 142). The coordinates of the bright stars on page 139 are given with an accuracy of 1 second in right ascension and 1 second in declination, without specifying the epoch of the equinox. These coordinates, as it turned out, correspond to the epoch of 1930, and by 1970 they will differ in right ascension by about 120 seconds and in declination by almost 13 seconds.



Adam Smith emphasizes one of the advantages of the owner of capital, namely that he transfers his capital from one unit to another or from one country to another, especially when he is subjected to "unpleasant" research in order to impose it on burdensome tasks. This is why countries that have tried to tax capital income have had to make a very vague assessment instead of doing thorough research and, therefore, more or less arbitrarily. Thus, Adam Smith notes, any citizen who sees himself imposed far below his real income cannot protest, even if his neighbor would impose himself with something less than him. Want to know if 1xBet is a good CS2 betting site? We conducted a rigorous review of the CSGO gambling site to find the answer. We looked at all the most significant factors affecting the esports betting experience at 1xBet. Use the 1xBet free bet promo code users in India are eligible to receive a boost of 150% up to ₹66000; one of the highest welcome bonuses. Registration at 1xBet India is easy with a few different sign-up methods. For example, registering by phone only requires your a verified phone number, currency and SMS confirmation code which can be done in a matter of seconds.