“INCENTIVE TAXATION.”

Ashburton Guardian, Volume 61, Issue 39, 26 November 1940, Page 4

“INCENTIVE TAXATION.”

To achieve and maintain a united nation idle money must be put to work in these United States writes a correspondent to an American journal. Heretofore, no nation has been able to solve unemployment without destroying liberty. Penalising production and subsidising idleness is the path to destruction. Only by full employment can we provide adequate defence, maximum living standards and unity among our people. Therefore, it is vital that our tax rates should encourage, not hamper and destroy, enterprise in America, and as a nation we must take steps toward government solvency, real security for the people, and political and economic stability. Incentive taxation is, I' belibvo, a real solution. It means a concession in tax rates for the expansion of enterprise, the granting of decreases in high tax rates to corporations and individuals for steady spending, lending, or reinvestment ot their funds in ways which result in employment. Incentive taxation solves the problem of unemployment and retains individual liberty. This form of taxation offers more profits to business for more jobs to labour. It Avould employ the farmer’s customers so that they can pay better prices for farm products.