4 ms·
> For a further two years, the superior had the option of claiming compensation; this was fixed at a single payment of a size that, when invested at an annual r
by seiferteric 5y ago
> For a further two years, the superior had the option of claiming compensation; this was fixed at a single payment of a size that, when invested at an annual rate of 2.5%, it would yield interest equal to the former feu duty. Because inflation had eroded the value of duties, which had been fixed many years before, this payment was in most cases extremely small compared with the current value of the land.
This is interesting in that it isn't really "abolishing" payments in so much as you are required to establish an endowment so to speak. Really it is inflation (enabled by fiat) that allowed one to escape this duty it seems...