Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1918-07-20
BRITISH PEOPLE READY
FOR HEAVY TAX BURDEN
Gcrmany's Financial Optimists
Have Dreary Task Ahead.
TRY TO CONCEAL THE FACTS
Two AntagoniStic Policies Pursued
at Same Iimc-Truth Beginning
to Scep Out-.lttcmpt Made to
Discrcdit English System.
ny MANFRED EMANUEL.

Bf MANER!;D EMANUEL.
LONDON July l2.-Therc is no more
outstanding feature in the world Of
finance to-day than the difference in
the spirit with which the great ma
tional war budgets are accepted in
England and Germany. In the House
OF Commons criticism has conferred.
more or less a Idemicaiby around one
OF the proposals which Is least inn
portant from the purely financial point
OF view-thc increase in the check tax
With that minor exception the feeling
generally expressed was that the taxa
ton. heavy though ii be. might easily
have been made still more drastic;
that the British people more in
the mood for further sacrifices day
than they will he after the war. and
that this mood could lie exploited with
advantage By II courageous Chancellor
OF the ExcheGuer.
The debates in the Rcichstag form
striking contrast. while the dis
cuss!ons in the German provincial
parl!aments have been even more
heated-which l. explained largely By
the fact that . taxation imposed b..
the rule Of the Junkers presses only
on the .lasScS OF The people. The
German government have been. and
stll are. afraid To tax the wealthier
classes TO any great extent.
1t is only natural that the pcssi-
mists should hive chosen this mo-
ment TO rpread ;heir doc,rinc-that
Germany cannot pay the price. and
that she must tight until she can ex-
act indemnti.s from her enemies. 1t
is also Oily TOO natural that the opti-
mists-those who maintained that
hernan man" is equal TO any burden
IN" war may impose on i,--should
ha"' been stunS into renewed acti-
WHY br this policy OF pessimis'n. The
nesslmists tell the truth whatever the
consequences. the ontinists obviously
nave IN. NOR. dI'hcult task OF con
'edilhS iicts under mass OF patriotic
'e, ,
mat wv" an;aSouisuc policies
Shou'o DC pursued AT the same tim. IL
perhaps the c!ear'st proof OF the chao"
prevalent IN matters financial The
"u'horNles ~ on moment favored the
is9'"' StH' p'' NO" 'hat 'he new taxa
,'ph pFoP's''S are meeting with such
no. ne I,t"p' a. theE appear TO be
VA ms nv i''ssi'"'stS oNeFboarL ana
' .,''i'- "i'"s 'he opposite
n.y. ~.
cN'chceo oN
-. nc w ',,i'eflal 'rsnSHrE ~
-, eSh"r i,oc,or ".
i i'"' I" "'i'e u phhrhit'
800" 'N'I9' ana i-"h"
,,., ln'e"'e" -
49,, me "pnn''Sis q M"
MIN - "a ~
- ..Ii" F''"'t P'ihph''i can De iti'
~ ~ set,'E "ut, oe
~ ~" ~" ~
81, 49,, "i,v" W. ot ~
-, '''' -
t ~" "t'.."P,s III ON"
H. ,., - 'ne 80 '', . hnu Enh
49, ,, " =. ,'i'p"as'@e
49, ~ i'sh Hss'"'h
800 y" w. 9''"N ~ nan system
IL, = ~ -, i' 80 '.s !'sn.
90. - S'''''- '""' wv i,'s
M r"f'Hoi'u'e IL 'h''h greater IMAM
m" oon CHI" '."M .D'"'S "',.So;
., ,i' -, 80 oNa ~ ,
M, So, -,
900 49,. ".t 49, $780,,
co,In,s incIIna All w. ayncri,,,,,.
whereas in GS,n,n,r, ,hs fed.r,i .,.,,s.
ara ici,.ri,i.,. ,rr,,t,, -,
cnnsidar,t'ln ~ ,,.r,on .t',T,
crease tho German ,nt.,i 70 ,hn sam.
level as IN. Icnaleh
Moreover ~. loans 10 allies ar.
treated ouitc dif,rcutly hv The TWO nm
,ions. because III Germany the hanks
and tho R.irhsh,rL b.,ya ,ornorari,,
taken over = srcat mart of these re-
quiremcnts
when cri::C!2inE the absolute war
cos, il must also not he forgotten that
England has cared bc,imes and very
lib,ra!ly for war wives and children,
cr!pplcs and dependents and the be-
rcavcd. and that the English soldier
receives hiThe! pay than the German
Thus the EHslisn budget Is more com
munai than the German. which has
economical a. the expense OF the SOL
diers and their families
Professor Piion makes great point
Of the probability that Englands final
achievement as regards direct taxa
ton VIII fall away In peace time
owing TO tic decrease in war profits.
quite likely says the Norwdcrts.
which ADDS.
but thai noeS not eradicate the fact
INA Hhs ia'o peace requirements are
aHea"S Almost SoApletciS covered In
anticipation ny direct taxes. Moreover,
IN examining the nti!!ty OF direct taxes
II Is not ohiS question whether the
present va ""usct ana 'ne future
peace pu"set are covered by them
ine' ue ra'ue. no" ana IN the ~