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The redistributive consequences of paying off the national debt: Ricardo and his plan
Cambridge Journal of Economics ( IF 2.0 ) Pub Date : 2020-09-30 , DOI: 10.1093/cje/beaa040
Aldo Barba 1
Affiliation  

This article analyses Ricardo’s plan for paying off the national debt by a tax on property. The main thesis is that the capital levy, although apparently conceived as equally shared among all the components of the owning class, would imply substantial redistribution of wealth. The argument is developed by discussing the quantitative estimates provided by Ricardo about the amount of capital to be subjected to taxation. By establishing a connection between these estimates and the main statistical figures that were at the centre of the economic debate at the end of the Napoleonic Wars, it is shown in what manner the burden of this extraordinary measure would be divided between capitalists and landlords.

中文翻译:

偿还国债的再分配后果:里卡多和他的计划

本文分析了里卡多通过财产税还清国家债务的计划。主要论点是,尽管资本征税显然被认为在拥有阶级的所有组成部分之间平均分配,但它意味着财富的实质性再分配。该论点是通过讨论里卡多提供的有关要征税的资本数量的定量估计得出的。通过将这些估计数与拿破仑战争结束时经济辩论中心的主要统计数字之间建立联系,可以看出这种非同寻常措施的负担将由资本家和房东分担。
更新日期:2020-09-30
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