With regard to the means of raising revenue, Paine sketched a plan of progressive taxation on incomes, ranging from 3d. in the pound on incomes less than £500 to punitive proportions after £10,000 was reached; while in his Spartan arithmetic great wealth appeared so dire a misfortune that he rid the possessors of the whole of incomes of £23,000 and upwards. As for Pitt's financial reforms, he laughed them to scorn. He also accused him of throwing over the fair promises that marked his early career, of advertising for enemies abroad, while at home he toadied to the Court. "The defect lies in the system.... Prop it as you please, it continually sinks into Court government, and ever will." Finally he urged a limitation of armaments, and prophesied that wars would cease when nations had their freely elected Conventions. The cynic will remember with satisfaction that, two months later, began the war between France and Austria, which developed into the most tremendous series of wars recorded in history.
The republican and levelling doctrines frankly advocated in Paine's second pamphlet made a greater sensation than the first part had done; and Fox, who approved the former production, sternly reprobated the latter. It is possible that Government sought to stop its publication; for Chapman, the publisher, to whom Paine first applied, offered him £1,000 for the manuscript, and yet very soon afterwards declared it to be too dangerous for him to print.[36] Certainly the work soon quickened the tone of political thought. Already the London Society for promoting Constitutional Information, which had died of inanition in 1784, had come to life again before the close of the year 1791. And at the end of that year a determined man, Thomas Hardy, a poor shoemaker of Westminster, set to work to interest his comrades in politics. He assembled four men at an ale-house, and they agreed to take action. At their second meeting, on 25th January 1792, they mustered eight strong, and resolved to start "The London Corresponding Society for the Reform of Parliamentary Representation." Its finances were scarcely on a par with its title: they consisted of eightpence, the first weekly subscription. But the idea proved infectious; and amidst the heat engendered by Paine's second pamphlet, the number of members rose to forty-one.[37] The first manifesto of the Society, dated 2nd April, claimed political liberty as the birthright of man, declared the British nation to be misrepresented by its Parliament, and, while repudiating all disorderly methods, demanded a thorough reform of that body.