The economy
Sir.—There are indeed no soft or easy options facing this country because the ominous
clouds and ill winds of economic adversity were not foreseen in 1950 after the massive debt of World War 11. Automation in industry has caught the system at its weakest point: a large surplus of labour producing no profit without effective purchasing power with which to support commerce, industry and the country which sustains them. The three taxation methods are industry and commerce related but without full employment any form of tax is pre-empted. Removing this cause of debt would create the climate necessary for coun-try-wide confidence thus restoring enterprise and the will to build a future.—Yours, etc., R. W. H. WADE. February 4, 1981.
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Press, 9 February 1982, Page 16
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121The economy Press, 9 February 1982, Page 16
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