Our Economic And Other Problems a Financiers Point of View

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The alternative is not to burden unduly either business or the people. The idea is not of relieving the former at the expense of the latter. The end which should and can be at- tained by proceeding wisely, is to benefit both business and the people.
Now that the emergency of the war is over, I be- lieve that this subject in its entirety should be sub- jected to unprejudiced and competent critical review. Good intentions are not a sufficient qualification for the task of devising a plan and meth
...ods of taxation to bal- ance our vast expenditures. Exact thinking is required, technical capacity, adequate knowledge and the courage not to shrink from unpalatable conclusions. Economics are stubborn things and will not permit themselves to 204 BUSINESS AND ECONOMICS be either disregarded or overridden or dealt with emo- tionally.
In England a non-political committee was appointed recently by the Government to study the effects of the various kinds of taxes which have been in force during the past five years, and to make recommendations to Parliament based upon such study.


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