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David Ricardo - But a tax on luxuries would no other...
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 Ricardo)

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 Ricardo

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consumer effect fall increase lower nor price raise tax wages profits

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