Taxation and Welfare

Taxation and Welfare

Taxation and Welfare

Taxation and Welfare

Excerpt

For the first time in our political history taxation bids fair to be the outstanding political issue of a presidential campaign. This is due, doubtless, to the increase in tax burden and the corresponding increase in scope of the functions of government. Ten years ago the expenditures for government, federal, state, and local, were probably under six per cent . of the national income. Today they are approximately twice that amount. Federal taxes are steadily declining, but this decrease is being offset by rapid rise in the expenditures of states and municipalities.

Moreover, the issue over surtaxes has brought into relief the problem of distribution in the form of the conflict of interest between a few wealthy men and the rest of the community. Unfortunately the issue tends to be fought out rather by the weapons of political propaganda than by impartial scientific analysis. All sorts of bewildering assertions . . .

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