[ 3«5 ] 

 the interefl of debts at home ; are all pro- 

 ductive articles, forming income : But a 

 fubfidy paid to a foreign power; the main- 

 tenance and pay of armies abroad; the in- 

 terefl: of debts paid to foreigners ; thefe are 

 all barren. 



Now in the above view of the whole ex- 

 penditure ; and in that of it fubdivided ; it 

 is extremely evident, that the aggregate in- 

 terefl of the State receives no mifchief from 

 the productive expences, provided they do 

 not deflroy induflry. Thus, a landlord's 

 railing his rents, we have fhewn to be bene- 

 ficial ; but if he raifes them fo enormoufly 

 that no farmer can hire of him, then his 

 eflate becomes wafle, and the nation is in- 

 jured. It would be the fame with* tythcs, 

 were they levied in a proper manner ; but 

 being multipliable on induftry, they are per- 

 nicious. The poor rates are a productive 

 expence ; but injurious, in encouraging idle- 

 nels. The interefl of money is nothing but 

 a change of income. Taxes, if expended 

 productively, are the fame ; they are collect- 

 ed from all the other heads ; fome of them 

 are the poorer; but then the people, to 

 whom they are paid, are the richer; and as 

 long as the income exifls, it matters not to 

 the State whether it is in one hand or in 

 another, as the induflrious will neceffarily 

 polTefs the greatefl mare. 



Vol. IV. C c Thofe 



