Word: indirections
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Dates: during 1890-1899
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...taxes represent the investment of a certain part of the capital of a state. It is an evil when, through the injudicious management of the state, taxation is made the instrument for extorting money for purposes foreign to the original. Taxes are generally divided into two classes-direct and indirect-although these two classes are rather vaguely defined even by political economists. An indirect tax is in many cases an incorrect tax, for it enhances the value of an article far beyond the original value of the article and the tax. For this very reason, there is a close connection...
...only after learning his error. The only argument that we have heard against giving out the marks is that if a lazy man gets a better mark at the mid-years than he expects he may fall off in his work for the rest of the year. Any such indirect benefit to lazy men is far less than the injury to studious men. We have once before called the attention of instructors to this subject and hope that this appeal will not pass unheeded...