The New Outlook [microform]
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In our eReader you can find the full English version of the book. Read The New Outlook [microform] 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 The New Outlook [microform]
What reading level is The New Outlook [microform] book?
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It may be that such a measure would, on balance, do more harm than good by creating further uncertainty and dislocation. If so, we may have to recognize that high prices have come to stay, and that we must permanently alter all salaries, wages, and other payments for services rendered. But in that case it should be also recognized that all per-* sons with fixed incomes from investments have already lost a very large fraction of their capital. It has been taken from them by Government action jus...t as effectually as if they had been deprived of it by a capital levy.
That is an important consideration when we come to deal with the last branch of the financial problem.
We have during the war piled up an immense debt, which we are at present trying to deal with by an enormously increased taxation. It is argued with undeniable force that this involves a heavy handicap on commercial and industrial enterprise. Taxes are so high that it is doubtful if enough reward is left to the individual to induce him to take risks, and without taking risks there can be no progress.
What to read after The New Outlook [microform]?
You can find similar books in the "Read Also" column, or choose other free books by Cecil, Edgar Algernon Robert, Lord, 1864-1958 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It may be that such a measure would, on balance, do more harm than good by creating further uncertainty and dislocation. If so, we may have to recognize that high prices have come to stay, and that we must permanently alter all salaries, wages, and other payments for services rendered. But in that case it should be also recognized that all per-* sons with fixed incomes from investments have already lost a very large fraction of their capital. It has been taken from them by Government action jus...t as effectually as if they had been deprived of it by a capital levy.
That is an important consideration when we come to deal with the last branch of the financial problem.
We have during the war piled up an immense debt, which we are at present trying to deal with by an enormously increased taxation. It is argued with undeniable force that this involves a heavy handicap on commercial and industrial enterprise. Taxes are so high that it is doubtful if enough reward is left to the individual to induce him to take risks, and without taking risks there can be no progress.
What to read after The New Outlook [microform]?
You can find similar books in the "Read Also" column, or choose other free books by Cecil, Edgar Algernon Robert, Lord, 1864-1958 to read onlineMoreLess
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