Treatise of Taxes and Contributions (1899)/VIII

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A Treatise of Taxes and Contributions
by William Petty, edited by Charles Henry Hull
Chapter VIII - Of Lotteries.

A Treatis of Taxes and Contributions was first pubished in 1662 anonimously. It was reprinted several times during Petty's life. This edition, which is the one most often cited, is from the The Economic Writings of Sir William Petty, edited by Charles Henry Hull, and published in 1899.
 

2210748A Treatise of Taxes and Contributions — Chapter VIII - Of Lotteries.Charles Henry HullWilliam Petty

CHAP.VIII.

Of Lotteries.

MEn that accept Titles may foresee, that they may be taxed by them as aforesaid, (although it be unlikely (one House of Parliament being all Tituladoes, and the greatest part of the other being such also) that any such way of Leavy should pass) and therefore they do as it were à priori consent unto the Tax in their own Individuals.

2. Now in the way of Lottery men do also tax themselves in the general, though out of hopes of Advantage in particular: A Lottery therefore is properly a Tax upon unfortunate self-conceited fools; men that have good opinion of their own luckiness, or that have believed some Fortuneteller or Astrologer, who had promised them great success about the time and place of the Lottery, lying Southwest perhaps from the place where the destiny was read.

3. Now because the world abounds with this kinde of fools, it is not fit that every man that will, may cheat every man that would be cheated; but it is rather ordained, that the Sovereign should have the Guardianship of these fools, or that some Favourite should beg the Sovereigns right of taking advantage of such mens folly, even as in the case of Lunaticks and Idiots.

4. Wherefore a Lottery is not tollerated without authority, assigning the proportion in which the people shall pay for their errours, and taking care that they be not so much and so often couzened, as they themselves would be.

5. This way of Lottery is used but for small Leavies, and rather upon privato-publick accompts, (then for maintaining |46|Armies or Equipping Fleets,) such as are Aque-Ducts, Bridges, and perhaps Highwayes, &c. Wherefore we shall say no more of it upon this occasion.


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