Labour And National Finance
Labour And National Finance
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In our eReader you can find the full English version of the book. Read Labour And National Finance Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Labour And National Finance
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If this be not imposed then the existence of the National Debt will inevitably bring upon the country sufferings and hardships, compared with which the most dismal criticisms of the capital levy are of no importance.
F CHAPTER VII AFTER THE CAPITAL LEVY If a sum of £3, 000, 000, 000 were raised by the capital levy, and devoted to the reduc- tion of the National Debt, there would still remain a burden of debt amounting to roughly £5, 000, 000, 000, involving an annual payment of interest of abou...t £250, 000, 000. Other steps would have to be taken for the gradual liquidation of this debt. Various proposals have been made to deal with the Debt apart from the capital levy, among which is the suggestion of a forced loan at a low rate of interest. Mr. Austen Chamberlain on May 11, 1920, said that he could not see the advan- tage of a forced loan over a capital levy. The objections to a forced loan are stronger than those which could be brought against the capital levy. The objection to a capital levy that it would withdraw capital from industry, create commercial embarrassment, and increase unemployment, would apply equally to a forced loan.
What to read after Labour And National Finance?
You can find similar books in the "Read Also" column, or choose other free books by Philip Snowden Snowden to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
If this be not imposed then the existence of the National Debt will inevitably bring upon the country sufferings and hardships, compared with which the most dismal criticisms of the capital levy are of no importance.
F CHAPTER VII AFTER THE CAPITAL LEVY If a sum of £3, 000, 000, 000 were raised by the capital levy, and devoted to the reduc- tion of the National Debt, there would still remain a burden of debt amounting to roughly £5, 000, 000, 000, involving an annual payment of interest of abou...t £250, 000, 000. Other steps would have to be taken for the gradual liquidation of this debt. Various proposals have been made to deal with the Debt apart from the capital levy, among which is the suggestion of a forced loan at a low rate of interest. Mr. Austen Chamberlain on May 11, 1920, said that he could not see the advan- tage of a forced loan over a capital levy. The objections to a forced loan are stronger than those which could be brought against the capital levy. The objection to a capital levy that it would withdraw capital from industry, create commercial embarrassment, and increase unemployment, would apply equally to a forced loan.
What to read after Labour And National Finance?
You can find similar books in the "Read Also" column, or choose other free books by Philip Snowden Snowden to read onlineMoreLess
Read book Labour And National Finance for free
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