Price justification
Sir, —Your correspondent, Susan Taylor, exposes one of the basic problems—the lack of understanding by the ma-1 jority of people, including our politicians. For example she puts into costs, further expansion when expenditure of that nature is capital and; and has to be met out of earned profits or a further issue of capital. I gave a 10 per cent increase as an example but the result of the wage scramble last year would be nearer 30 per cent which I calculate would mean over s2om eventually to Watties in the way of increased costs. I mentioned 6 cents out of the 40 as the Government’s share, but that is not the finish. It also gets the tax, payroll tax, etc., from the employees, growers, TV and newspapers, etc. The Government’s real share would be nearer 15 cents out of the 40 and that is the farcical situation with the Government, like “knights in shining armmour” protecting the public by price control from the “profiteer” who gets only 1 cent out of the 40. Yours, etc., ACCOUNTANT. February 3, 1971.
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Bibliographic details
Press, Volume CXI, Issue 32522, 4 February 1971, Page 10
Word Count
182Price justification Press, Volume CXI, Issue 32522, 4 February 1971, Page 10
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