But a tax on luxuries would no other effect than to raise their price. It would fall wholly on the consumer, and could neither increase wages nor lower profits.
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Chapter XVII, Taxes on Other Commodities, p. 161 (see also.. Consumption Tax)David Ricardo
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It has been my endeavour to show in this work that a fall of wages would have no other effect than to raise profits.
David Ricardo
A BOUNTY on the exportation of corn tends to lower its price to the foreign consumer, but it has no permanent effect on its price in the home market.
David Ricardo
Now the employer is to be told that if the unions force him to pay exorbitant wages or go out of business if he tries to continue, he will be taxed. The unions will escape any punishment. The employer will not be allowed to increase employment by paying lower wages nor to attract good labour by paying higher wages. We shall have another huge department to supervise the whole operation...an incomes policy is minted in the thinking of 1945.
Jo Grimond
I feel no doubt whatever that the parish laws of England have contributed to raise the price of provisions and to lower the real price of labour.
Thomas Malthus
If a rise in wages does not raise prices, a fall will not reduce them.
Joan Robinson
Ricardo, David
Rice-Davies, Mandy
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