Page:Indian Journal of Economics Volume 2.djvu/276

 margin of taxable capacity which is-not already taxed, and the extent to which the people's wishes, or cal considerations, allow on for the support of this margin to be trenched the annual charge of these new schemes in their infancy. Herein lies the impor- tance of the relation of taxable capacity t economic. development. The greater its unused marin the greater the opportunity of putting. in hand schemes and reforms of that numerous class which take time o mature the people their benefits. at large need In a democratic community to be educated to under- stand this relationship, and to be willing to make some present. sacrifice of their country. if the taxation be for the certain future prosperity In a country governed by control, not already heavy and wastefully used, the government may without misgiving proceed with a reasonable program of involving from year to year a taxation, which should be as widely works and measures gradual increase of distributed as possible; indeed it is the duty of a controlling government to proceed, because no other authority in the state can take the necessary measures, involving as they do legislation and the use of the administrative machinery and credit of the state. A controlling government will do well, however, to take all possiblo steps it is doing and why. government's confidence and increase of purpose or own future good, removed and the better subscri'bed. to inform the public of what If the public be taken into the realize that the necessary taxation is not through bad milch made for any management, but covert opposition necessary public loans wasteful for their will be will be (To be continued.)