. Review of reviews and world's work. Labor partyin the House of Commons. Mr. Ernest E. Williams contrilnites to theFinanciul Revieio of Reviews (London) a paper onMr. Hardies Labor Budget, under the mis-leading title An Impossible Budget. Forthough he objects to certain conjectures whichMr. Hardie has temerity enough to express infigures, Mr. Williams is in hearty accord withMr. Hardies chief proposal—a graduated in-come tax. It is a proposal Mr. Williams sayshe has been urging for years past, and he re-joices to see it taken up by the leader of thenew party. This proposal is a vast improveme
. Review of reviews and world's work. Labor partyin the House of Commons. Mr. Ernest E. Williams contrilnites to theFinanciul Revieio of Reviews (London) a paper onMr. Hardies Labor Budget, under the mis-leading title An Impossible Budget. Forthough he objects to certain conjectures whichMr. Hardie has temerity enough to express infigures, Mr. Williams is in hearty accord withMr. Hardies chief proposal—a graduated in-come tax. It is a proposal Mr. Williams sayshe has been urging for years past, and he re-joices to see it taken up by the leader of thenew party. This proposal is a vast improvement upon tlie pres-ent single-tax method. However one may respect therights of capital, one cannot resist the argnnieut tliatit is unfair that a man who has to do actual work forevery penny of income lie receives should be obliged tohand over to the state the same proportion of incomeas does the man whose income is derived from the workof others and accumulates while he sleeps or takes hispleasure. A XEW KIND OF IMPERIAL MR. KEIH HAHDIE. He would add two improvements. One ishome and colonial preference in a new says : There are, however, two directions (in addition tothe unduly burdensome rate of one shilling on incomes) in which Mr. Hardies scheme, in myhumble view, falls short of perfection, and of a per-fection which may easily be reached. In the first place,why not protect national and imperial industry by es-tablishing three rates of income tax,—the first and low-est upon personal-exertion , the second on in-comes from home and colonial investments, the thirdand highest upon incomes from foreign investments?We are all anxious nowadays to stimulate home and im-perial industry in its fight with foreign of us see the best stimulation in the tariff ; butwhether as additional to a tariff or alternative to it, sure-ly it would be well to encourage industrial developmentwithin our own country and our own empire b
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