Ogden Standard-Examiner | 1921-02-05 | Page 7 | British Laborites Favor Heavy Tax on Great Wealth

BRITISH LABORiTES FAVOR HEAVY TAX ON GREAT WEALTH LONDON, Feb. 5. The Joint labor commission's second Interim Inter-im report, made public here, recommends rec-ommends a capital levy on possessions posses-sions exceeding 5.000. ranging from one per cent to fifty per cent on the largest fortunes. The rejiort claims this would yield .4.000,000,000. The rejiort further urges the abolition of all taxes on foodstuffs, reduction of the tobacco tax by one-half, and high death dtitl ea It adds the suggestion that on each successive transfer of Inherited Inher-ited wealth this duly should OS Increased In-creased to a point where ultimate extinction would result.