It would be impolitic to set bounds to property acquired by industry, and therefore it is right to place the prohibition beyond the probable acquisition to which industry can extend; but there ought to be a limit to property or the accumulation of it by bequest.

It should pass in some other line.

The richest in every nation have poor relations, and those often very near in consanguinity.
The following table of progressive taxation is constructed on the above principles, and as a substitute for the commutation tax.

It will reach the point of prohibition by a regular operation, and thereby supersede the aristocratical law of primogeniture.
TABLE I A tax on all estates of the clear yearly value of L50, after deducting the land tax, and up To L500 0s 3d per pound From L500 to L1,000 0 6 On the second thousand 0 9 On the third " 1 0 On the fourth " 1 6 On the fifth " 2 0 On the sixth " 3 0 On the seventh " 4 0 On the eighth " 5 0 On the ninth " 6s 0d per pound On the tenth " 7 0 On the eleventh " 8 0 On the twelfth " 9 0 On the thirteenth " 10 0 On the fourteenth " 11 0 On the fifteenth " 12 0 On the sixteenth " 13 0 On the seventeenth " 14 0 On the eighteenth " 15 0 On the nineteenth " 16 0 On the twentieth " 17 0 On the twenty-first " 18 0 On the twenty-second " 19 0 On the twenty-third " 20 0 The foregoing table shows the progression per pound on every progressive thousand.

The following table shows the amount of the tax on every thousand separately, and in the last column the total amount of all the separate sums collected.
TABLE II An estate of: L 50 per annum at 3d per pound pays L0 12 6 100 " " " " 1 5 0 200 " " " " 2 10 0 300 " " " " 3 15 0 400 " " " " 5 0 0 500 " " " " 7 5 0 After L500, the tax of 6d.