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In this work, Buckingham proposes an alternative to the existing income tax system, coupled with a plan for free trade and redemption of the national debt. He proposes a sliding scale of taxation for those with higher incomes, and advocates for the abolition of customs duties and protectionist tariffs to improve trade. This book is a fascinating snapshot into economic philosophy in the early 19th century.
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Plan of an Improved Income Tax and Real Free Trade, With an Equitable Mode of Redeeming the National Debt, James Silk Buckingham
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- 2023
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