State financial policy can eliminate rentier classes as a precondition of industrialisation

Evidence

The disappearance of the semi-feudal type of rentier is in Italy one of the major conditions of an industrial revolution (and, in part, the revolution itself) and not a consequence. The economic and financial policy of the state is the instrument of their disappearance through the amortisation of the national debt, compulsory registration of shares, and by giving a greater weight to direct rather than indirect taxation in the governmental budget. — Antonio Gramsci, Selections from the Prison Notebooks, 1091

Categorization

• QUESTION: Worth chasing later: how state fiscal instruments actively reshape class structure — direct vs indirect taxation as a lever of class formation.