Milford chronicle., 1918-03-22
4 h to Be Tolerated, but
I disposition Toward
= siness Needed.
Of Values Would Cur
IpacIty TO Provide
news Of War.
Armv
h Of Men, Transcription Of
onsy~ Analyzsd-
OTTO Il. KAHN.

ltAH +vAtrAAluH AAAA w
/ rtain portion of the young
the nation has been con-
erefore money must also bO
many Other Why. that is the very
NUa'e's government has been doing.
ew York scriDted DOrtiOn-a rela-
Dortion-of the men Of the
An has cOnscripted a portion
AN tion-- OF the incomes Of the
@pItal and business pay more
afths Of our total war taxa
-ly and a large share Of the
fifth indirectly.
government went too far in
ag men the country would be
If II went too far In con-
incomes and earnings the
- ould likewise be crippled
Of conscrIpsIOn Of Capital.
ask those who would go
I'D conscript not only incomes,
al, to answer the riddle. not
. hat equitable and practicable
hey would do It, but what the
luld gain By it9
rue that 3 few years ago a
w was made in Germany, but
. entags Of that levy was 50
to actually amount to 70 more
additional income tax and that
when the regular income tax
VFR any was very moderate az
tbato BY the present standards Of
axation.
trlnlng fraction Of a mans
Is held IN cash. II they con-
certain percentage Of his pos
then in stocks and bonds. what
riced le government do with them7
hick. themf That would not answer
the pose. because the government
m ash. not securities.
hem7 Who Is to buy them when
les funds would be depleted7
y eonscript a certain percent
)Ws. mans real estate or mine or
ICED factory. how is that to be ex-
and converted into cashi
onscripted assets to be used as
Il for the Issue Of Federal Re
wv ,ank notes7 That would mean
nhaton. with all its attendant
angers and deceptIOnA
ID they repudIate a percentage
ITO national debt7 Reputation is
m dlshonorable In a people than
Individual. and the penalty for
to respect the sanctity Of Obli-
is no different
u Thrifty Would Be PsnsIIzed.
fact is that the government
gain nothing In the process Of
CONSUMPTION and the country
be thrown into chaos for the
being. The man who has saved
be penallzed. he who has wasted
. be favored Thrift and cOnstruc-
fort, resulting In the needful and
lying accumulatlon Of capital,
be arrested and lastingly dis
iiOuGsd
a understand the crude notion Of |
tOfsan who would divide all posses
equally. There would be mighty
coming to any one BY such distri-
q. and It Is, Of course. an utterly
ssIble thing to do. but It IL an un-
andable notion. But BY the con-
lon Of capital for government use
sr the government nor any Indi-
i would DO benefited.
vigorously progressive income tax
9th economically and socially
a. a capital tax is wholly unsOund
economically destructive.
may neyertheless become neces-
ln the case Of some Of the bslliger-
countries to resort to this sxpedi-
bus can conceive Of no situation
, to arise which would make It
ssary o. advisable in this country.
ore than ever would such a tax be
nful In times Of war and post-bel-
reconstruction. when beyond al
al other things 1t is essential to
nulats production and promote
III. and when everything which tends
<hava the opposite effect should be
orously rejected as detrimental to
rmenta's strength and well-being.
sting.ls an astonishing lot Of hazy
ss .a5sebon the subject Of the uses Of
hey v the hands Of its owners
ur sts