"He takes a portion of our fleet
Before we ever use it
And says, 'For us it's obsolete,
But maybe George can use it.'
"He dubs our Boeing bombing planes
Outmoded and passé,
But for Brittania's domains
He hopes they'll save the day.
"'Twould make the young in heart feel sad,
Depressed and sorely smitten,
To hear, 'You're obsolete, my lad
So go and fight for Britain.'"
( Ruth Kremen)
"Send 50 over-age professors to England" was a slogan on one of the placards carried in the Yard when a hundred Harvard students picketed a rally held by the undergraduate Militant Aid to Britain Committee, Dec. 6, 1940.
William Yandell Elliott, Harvard Professor of Government, 'yandells' anarchistically for war, cravenly yodels, "Even if England goes down, we are not licked. We can defend ourselves and the western hemisphere; but at what cost!" At the meeting of Harvard alumni held in the Yard Dec. 7, Elliott, declared that the "simple test for right action" is to spite Hitler, "It does not mean all aid to Britain short of war. It means that this country must make the decision on all aid to Britain at the risk of war."
The patriotic cooperation of industry must be enlisted in this defense program. So we were early cautioned not to hurt feelings by speaking of "merchants of death", nor to insist on management risking stockholders' capital. Our Congress and Administration have been most patient as the sit-down strike of capital was prolonged.(1)
The "excess profits tax bill" as passed by the Senate 46 to 22, Sept. 19 (AP), raised the normal corporation income tax to a maximum of 24%. It made a gesture of taxing war profits "defined as excess", to a maximum of 25 to 50%. That will fool some, and win some votes.(2)
The yield will be relatively insignificant, possibly only 160 millions the first year, on a war expenditure of 5700 millions. But two-thirds of this will come from the normal income tax.(3)