Taxation And Social Reconstruction

Cover Taxation And Social Reconstruction
Taxation And Social Reconstruction
Arnold N Shimmin
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Where, then, must come the intensification of taxation to secure the required extra revenue to meet the interest on the war debt, to pay our way and to pay off the debt itself ?
It has been pointed out above that the fortunes of war financing tend to operate against the poorer members of the community in a powerful degree, and also that systems of indirect taxation tend to exact an unduly heavy contribution from those same classes. But two points demand attention in this connection.
TAXATION AN
...D SOCIAL RECONSTRUCTION. 25 In the first place it is quite possible that the limit has been about reached in the taxation of tobacco, tea, and beer. That is to say the imposition of a higher tax rate might so reduce the consumption as to render the tax yield less in total than previously.
In the second place the securing of any large income from indirect taxation is doubtful unless a very comprehensive scheme is launched. This is simply because a tax on a commodity may be avoided by using an untaxed substitute — ^unless, of course, the commodity is a necessity.


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