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The Cardinal’s Tax Schemes and Crown Surpluses
A historical critique of a cardinal’s financial policies as he suspended debt payments on confiscated estates until 1717, increasing public taxes by a quarter, funding royal gains through loans and farm rents, and driving Spain toward a money shortage and heavy public burden. The author warns this method enriches the ruler at the people’s expense and likens it to draining springs into a single channel for neighbors’ benefit.
MENTIONED IN THIS ARTICLE
Don Michael Nugnes de Roxas
Thac
Spain
Debes