Millicent Fawcett - Political economy for beginners (1870)

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Capital is the result of saving, and not of spending. The spendthrift who wastes his substance in riotous living decreases the capital of the country, and therefore the excuse often made for extravagance, that it is good for trade, is based upon false notions respecting capital.

Millicent Fawcett

There are many excuses for the persons who made the mistake of confounding money and wealth. Like many others they mistook the sign for the thing signified.

Millicent Fawcett

No circumstance would prevent over-population so effectually as a general raising of the customary standard of comfort among the poorer classes. If they had accustomed themselves to a more comfortable style of living, they would use every effort not again to sink below it.

Millicent Fawcett

The Income-Tax presses more heavily on the possessors of small incomes than on the possessors of large incomes.

Millicent Fawcett