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How Shall We Pay For The War Article Analysis
Edwin Selighman argues against lending only or taxing only for WWI war costs. He supports a 50 50 mix but warns against excessive early taxes. He proposes principles for fair tax distribution and suggests capping new taxes around 1.25 billion to 1.5 billion with substantial excess-profits and adjusted income tax rates. He cites Britain’s approach and urges balanced loans and taxes.
MENTIONED IN THIS ARTICLE
Edwin R. A. Seligman
McVickar
Columbia University
House of Representatives
Committee of Ways and Means
McAdoo
Great Britain
Senate