Show emphasis of taxation laid rather on expenditures than on incomes by OTTO H KAHN in our economic and ami uther other problems the social rocial and moral arguments for an unsparing uni paring war profits tax are to my mind to permit individuals ind and corporation to enrich themselves vei VIM out of th the e dreadful ral calamity ablit of war is cepil repugnant int to ones sense of ilif right anil and justice anil and gravely till tal to the war morale of the lie Iwo people lile 1 aa the e objection jio to a vory VI V 11 excess profits tax A ifert in i pe peace wa reit not so much 0 on in equitable grounds j j f as a pil the alic gro ground ullI that of on 1110 I 1 lie one olle hand it does not and m 1 cannot accomplish tile leial purpose at full ull tile ettlel rind ind it tends to hurt trade enterprise and burden the public our excess profits tax certainly lias has not stopped but rather ha what is commonly termed 1 1 ur or a country as immell immensely Sely rich nil and intrinsically as little burdened relatively as ours onre it is really not a problem lern of great difficulty to raise by ta taxation the hum which the needs of the require A mall committee of wellin well in informed formed tilen men of different callings approaching their t uk tusk free from political social and sectional bills bias might recommend a radical revision of income taxation on the theory that alio emphasis of nation bo laid rattler rattier on oil expenditures than on oil iti incomes coules and that a I 1 sharply marked distinction lie ile ninde between such portion of a persons per suns income as is used construct hely in SaV savings ills investments or enterprise and suell portion as is spent on llis his settle scale of living mud can call be paid aid for such a tax from froin both the alic economic and moral poin points ts of view abom among other desir desirable ablo effects it would reach those who 10 lo by holding a alix iu campt securities Mcuri ties now frape f rape the burden of gincomo taxation tion the committee might also I 1 should think reach the conclusion anite nite irrespective of the theory sugg buggi ted in the foregoing paragraphs graphs to recommend the imposition of a dimill por percentage tax say I 1 per cent I 1 on oil till nil sales saks of commodities and products and fir presumably of real estate such a measure nrc would be productive of an immense zise amount of revenue and would not be harmful to anyone |