LOAN ARGUMENTS
Maybe someone more bright witted than myself can enlighten me? I fail to grasp how Mr. Nash arrives at his conclusion that "the more raised by loan the less has to be raised by taxation." To me it seems both muddled reasoning and belies the facts, and I am surprised that Mr. Holland hacks him up. Perhaps they have the same advisers? We have raised enormous sums— mostly pen, ink and paper at Its source—for war, but we still have a phlethora of taxes. My contention is that, if Mr. Nash is sincere in his 1900 era propaganda, why not make the loan large enough to make taxation unnecessary and so release numerous men and women for really essential work and the harassed taxpayers from a needless burden? S. HEYWOOD.
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Auckland Star, Volume LXXVI, Issue 117, 19 May 1945, Page 4
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132LOAN ARGUMENTS Auckland Star, Volume LXXVI, Issue 117, 19 May 1945, Page 4
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