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.
David RicardoLike all other contracts, wages should be left to the fair and free competition of themarket, and should never be controlled by the interference of the legislature.
David RicardoI have already expressed my opinion on this subject in treating of rent, and have now only further to add, that rent is a creation of value, as I understand that word, but not a creation of wealth.
David Ricardo