EQUALITY OF SACRIFICES
Sir,—Some time ago, a statement was made by a union secretary to the effect that it was time the wealthy man paid something toward the cost of the war. To-day a man with capital of £150,000 invested in Government securities, mortgages, or local bodies securities, pays £2409 per annum for taxation out of an income of £3600, leaving £I2OO for him; and a large company with a net income of. say, £30,000, pays over £IB,OOO in taxation and has £12,000 left to pay dividends. This is as it should be. The wealthy man and the big company should pay a large share of taxation: but it is hard on them to be told that they do not “pay their bit.” The real sacrifice to-day is made by the soldier who is risking his life: but when it comes to money sacrifices the person who should be "stung” is the person who is getting more to-day than he was before the war.—Yours, etc., J.M.S. March 17, 1942.
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Press, Volume LXXVIII, Issue 23590, 18 March 1942, Page 3
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169EQUALITY OF SACRIFICES Press, Volume LXXVIII, Issue 23590, 18 March 1942, Page 3
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