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The East India Company imposed rigid land revenue systems, heavily burdening the local population. Burke highlighted that the whole system of their polity is corrupted by this practice of drawing revenue from the oppression of the people. This practice disrupted traditional agrarian practices and imposed high taxes on farmers, leading to widespread poverty and distress.
Excessive Taxation: Burke criticized the company's excessive taxation policies, prioritizing revenue generation over the welfare of the people. He pointed out that public revenues are managed solely for the profit of individuals. The excessive taxes were collected with little regard for the economic conditions of the local populace.
Revenue Farming: The Company adopted a revenue farming system, where the right to collect taxes was auctioned to the highest bidder. According to Burke, this system was detrimental because it incentivized the revenue farmers to extract as much as possible, often through oppressive means.
In conclusion, the East India Company's revenue collection policy was characterized by oppressive taxation, exploitation through revenue farming, and a disregard for local traditions. Burke's critique sheds light on these policies' detrimental impact on India's socio-economic landscape.
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