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Show TREND OF GOVERNMENT IS TOWARD SOCIALISM French Ministry Has New Scheme of Taxation Which Will Place the Burden Upon the Wealthy Classes. Paris. Tho government's now schemo for taxation; Introduced in tho chamber of deputies on Thursday, created a great stir when it was mado public nfter the closing ofi tho house. It enacted into a law It will constituto a comploto readjustment readjust-ment of tho fiscal system. Tho old door, window, poll nnd other direct tnxes aro to bo replaced by a system based upon Incomes. Day laborers aro practically exempted. The tax upon incomes of over ?1,000 a year is mado progressive up to 4 per cent of the total. Even government govern-ment routes, excepting thoso hold abroad, only nomlnnlly escape, tho coupons themselves being exempt, but tho rovenuo therefrom being taxed whon tho total lncomo of tho holder exceeds tho minimum laid down. French savings nro largely invested in rentes. Tho burdens placed upon foreign securities, both prlvato and governmental, constitutes a particularly particu-larly heavy blow to Russian securities, securi-ties, of which It Is estimated that from eight to ten milliards are held in Franco, Tills new income tax mensuro is ono of thu radical reforms to which tho Clomcnceau ministry committed itsolf upon assuming office. It was mibmlttcd for tho npprovnl of M. Jaures, tho socialist leader, boforo the introduction in tho chamber, and whllo it is received with unbounded Joy by tho socialists us a proper shifting of tho burden of tnxatlon to tho shoulders shoul-ders of the Idle rich, it is suro to encounter Intense opposition from tho more modcrato republicans, as well as from tho conservative parties. |