Note 146-6 — CHAPTER 1.

When an artist who earns $10,000 per annum appears in a country, the gross national income increases in a way similar to that in which it increases when a new commodity is found which would have a yearly increase of value equal to $10,000 over and above that of the raw material. Cost of production in the case of such a virtuoso is scarcely to be alluded to. Nearly his entire income, with the exception of his traveling expenses, etc., is net, and the greater portion of it free. An income tax would affect his hearers after as it did before, and in his income, find a completely new object. Per contra, see Saggi economici, I, 176 f.