MONEY FOR ALL.

Auckland Star, Volume LXVI, Issue 214, 10 September 1935, Page 5

MONEY FOR ALL.

NEW AMERICAN PLAN. WORKING YEARS 20 TO 60. GRATUITIES FOR OIJ> AGE. (By Telegraph.—Own Correspondent.) DUNEDIN, this day. Inquiring what New Zealand is doing to make the burden lighter for the proletariat and commenting on the plans of many countries to change economic systems, an American in a letter to a

Dunedin man says that the new Tornsend plan is now gaining support in the States. In the beginning, he says, it appeared to be too idealistic and beyond the realms of possibility, but now there is no. reason why it should not gain the wholehearted support of the working population of America. The main features of the plan are that the working years of the people are to be from 20 to 60 in order to take America's four millions surplus population off the labour market. Those over (iO are to be pensioned by gratuities and that will guarantee comfort and all necessities of life. The monthly stipend is to be spent or refunded. The combined advantages of these conditions would, it is believed, put the remainder of the nation's unemployed back to work. The plan covers other features of economics, but the details mentioned are most outstanding.