Alexis Espinoza
put it in simple words for me. "it has often been found that heavy taxations(...) have not been able to destroy capital so fast as the exertions of private citizens have been able to create it."

I think what it says is that taxation destroys but can't do it completely even if it goes fast because of exertions of private citizens that keeps up capital so high. 
Apr 16, 2019 6:37 PM
Comments · 1

It is saying that while high taxes tend to reduce capital, individuals work hard to continue raising more capital. In the end taxes can't reduce it fast enough and so it will always exist.

Capital, in this case, refers essentially to money or funding that can be used for investments and to launch projects, companies, or initiatives.

April 16, 2019
Alexis Espinoza
Language Skills
English, Spanish
Learning Language