Show labouchere on largo mr henry labouchere discussing the recent death of jay gould donld and the large fortune he be left in london truth says were I 1 an american I 1 should meet this tendency hy by a progressive death duty on all bequests what I 1 mean is that the duty would not progress on the sum total left by the individual but on the sum inherited by the individual suppose that a man left and that my progressive duty doubled its itself c if on every inherited by any of his heirs my plan would work out in this way if the duty on the first were 5 per cent should he I 1 leave orle one person the sum of would have to be paid 17 by any one getting and so on until the effect of leaving an excessive meant to one individual would be that the state would become the sole heir beir this would prevent the perpetuation of and oblige a millionaire to 10 to spread his money on his death tl that tt i i large number of individuals would crofit by it |