State Socialism in New Zealand

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Baume said in the House: " I do take very strong exception to the ^^"^ Capital be stoppage of the graduation at 15 per cent. . . driven away by In my opinion the graduation should go higher. Taxation?
In my opinion, at any rate, there could be no objection to it going as high as 25, 30, or even 40 per cent." In a similar vein Mr. Laurenson said : " This Bill proposes to get at the wealthy classes. The honour- able gentleman (Mr. Herdman) says that it is an increase of taxation.
As I have alread
...y pointed out, it does not amount to an increase of taxation so much as it 's a legitimate attempt to aid in the distribu- tion of wealth." In opposition to this view Mr. Herdman said: " We want industries here ; we want to simulate enterprise ; but if you attempt a system of taxation which makes people afraid, which frightens the capitalist, and rather tempts him to send his money away, then, I think, recollecting that this country is at the commence- ment of its career, we are adopting a policy which is unwise." In reply to this Sir Joseph Ward said : " If a man goes away out of the country, and takes his fortune with him, he cannot take the land or the sheep that represent that fortune.

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