Asitrespectsofficesofwhichtheemolumentsarefixed,thequestionofeconomyissimple:theamountoftheemolumentsdoesnotdifferfromaperpetualrent。Butwhenanofficeissold,theprofitsofwhich,whetherreceivedfromthepublicorlevieduponindividuals,areuncertaininamount,thisuncertaintycausesapresumptionagainsttheeconomyofthebargain:itisdisadvantageoustothepublictobesubjecttouncertainexpenses,anditisnotprobablethattheseuncertainprofitswillsellforsolargeapriceaswouldwillinglybepaidforasalaryequaltotheiraverageamount。
Again,astoemolumentsderivedsolelyfromindividuals。
Theseareaspeciesoftaxoftencreatedandalienatedatthesametimeinfavouroftheoffice。Thegeneralpresumptioncannotbutbeunfavourabletotaxesimposedundersuchcircumstances。Informertimes,whenthescienceofpoliticaleconomywasinitscradle———whentaxesandthemethodsofcollectingthemwerelittleunderstood———governmentshavefrequentlythusalienatedlargebranchesofthepublicrevenue:temptbyanimmediatesupply,theyeitherdidorwouldnotregardtheextentofthesacrificestheymade。
ThehistoryofFrenchfinanceisrepletewithinstancesofthiskind。ThecustomsofOrleans,whichwereoriginallypurchasedbyaDukeofOrleansfor60,000francs,afterwardsyieldedtohisposterityayearlyrevenueofmorethan1,000,000francs。
Thevenalityofofficesinthatkingdomhadanexceedinglycomplex,andconsequentlyexceedinglyvicious,system。Theofficesconferringhereditarynobilityespeciallymischievous,sincethisnobilityamultitudeofexemptions。Theypaidnotaxes。Henceeverycreationofnobilitywasatax,equalinvaluetotheexemptiongranted,thrownuponthosewhocontinuedliabletopaythem。