The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1909-10-09


nau WORKED hard at the plow or on the
COCKS and laid by a million dollars. he
TOOK $1,000 Of it, whereas the forne-
contribution at death had been only
AT $4,000 he screwed K Up to ssoooOo.
whereas the former rate on a fort,,-,,
Of that size had been only Ss5o.0oo
And just to make It sood-there bai,v
number Of elderly fix in c.
Britain with really comfortabIe -
tunes. ana the chancellor feeling that he
might need the money about The 49,
thev would die-he provided tbaf
$50, 10000 estate should De mulcfeS -
the tune OF 100000 That was lust
about double the former levy
The dukes and rich brewers and the
other great fortune owners had baen
advising Mr. Lloyd-CeorRe to Increase
ne tax on sugar. and on coffee. and on
mat sort OF thing. They urged that
this was Just the time to impose a
protective tariff, as a means to qefffr1
revenue But. unlike Senator Aislrfrh
VINO was afraid the income tax would
DEeak down the protective system. Nh
Ldoyd-George was fearful that any uro-
tect1ve tariff taxes would break d6vr,
, MS income and death tax system. Ne
( use his taxation scheme a. a Toss, -
/ 70 distributing huge accommodations 10
the community, instead OF as a means
20 AIDING yet more to them
Increase Makes Rich
Scream With Anguish.
Well, the scream Of anguish thai went
up from the scandalized rich was fear
some TO contemplate. One duke with
sl9 years OF noble ancestry and a county
or two Of good land, declared that If
mat budget carried he would be unable
TO keep more than one steam YACHT
and honestly. he might have to Ion OF
MS CHARITIES. Another threatened n a
PUBIC speech. that If the budget carried
~ ~ "ouId quit his annual donation OF
SOgV 70 me hospital in his town and
might nave TO stop contributing to SIM
laughed oiiis
But al this wasn't more than the
Deglnning- Some time IN his csIlovv
youth the Welsh Chancellor had rsad
Frogress and Poverty the single tex
exposition By Henry George. An Amer
80, yes; but Lloyd-George didn't mind
mat the logic Of II seemed good 10 him
why NOT TAX the unearned fncrsment
ana thus prevent another set OF dukes
ls, HrVseT, IN future getting ali the
50 he provided for a % per cent ta~
on the unearned increment Of value III
laIo. 70 De imposed on the basis OF re-
Valuations at fixed periods That Is. II
you own corner lot on a business
street and the town grows I'd around
u and In fifteen years the lot that cost
you SlO,UJO Is worth 500 coo, as some lots
IN American cities have done uvhv .
valuation shall be made. and I-o,1 a.
mulcted 20 per cent OF that Increment
LlOyu-GeOrge has a curious notion that
the land is made 10 be used. not to be
SpeCulated IN. OF to be fenced M IN
parks and game preserves Moreover
ne believes that II the growth OF the
community around IL makes II vaIua HE
ne community is entitled to a generous
sASe OF the value II puts into the land
Now, in England there are a vast
NUMBER or lOnG-term leases nj fixed ami
Zen Sa-en nor, nominal rentals Some Of these
about expiring. When the leases az
pre-, ana the land, especially - II Is
on the Strand or Cheapside or Regent
street, Is very valuable. the people who
come into that land will have sornethine
very choice- SO Mr.. Lloyd-GeorEe
looked after their case with provision
LOT a huge graduated tax on the bene-
MS 70 be derived from expiration OF
Imposes Special
Tax on Mineral Deposits.
And then, perhaps because he had
heard Of the conservation projects o
roosevelt and Pinchot and the high
proved professors os political economy
In Germany Lloyd-George imposed a
special tax on undevelOped mineral de-
posts In the ground. He didn't believe
should increase the price, and then
making big thing out OF t.
from these taxes on unearned more
mems OF one sort and anOther, the bud
get provided that half the proceeds 80
10 me treasury Of the nation and half
10 that Of the local government dfyisfor
Ihal enlisted the poor OF the cities in
favor Of the scheme.
And when The budget was all readv.
Mr.. LlOyd-GeOrge cheerfully pointed our
that the dukes and the rest Of the
tories wanted more battleships. he could
get Sun more money by simply raising
stu higher these convenient and easilv-
collected taxes on the very richl
ana TINS was what Lloyd-George gave
the wealth OF Britain, at a time when
II was asking that more revenue be
raised Dy increased taxes on the tea
and coffee and sugar Of the poori
Such a blow at the rights Of the rich
must be Tended off The miIlfonsi-es
all denounced the scheme as revolt-
ionary; and the people who weren't
milllonaires but who were much more
numerous, laughed.
A member OF the commons from a hig
rural constituency died, and there was
10 be a bye-eleCtiOu to I'LL the y-acanrv
Both parties made a special effort 10
carry that election. in order 10 show
how the scOiaISttc budget was resa r5ed
The conservatives were sure II would
be repudiated. and appealed for a safe
and sane" verdict. IIOvd-George took
q day of and tail-ended that constft-
uency Just as Mr. Bryan might do: and
httl 10 ltllr Wlen the votes were count
ed. man pledged to vote for the LLOYD
George budget had almost every vote IN
an enormous poll. It appeared that the
millionaire vote was e bit shy when Il
came to stacking up against the votes
OF the millions.
House Of Commons
Settles Financial Matters.
In Britain It is a constitutional right
OF the house Of commons TO decide all