FRITTERING SAVINGS

Taranaki Daily News, 28 November 1934, Page 5

FRITTERING SAVINGS

GOVERNMENT POLICY ATTACKED. labour would defend people By Telegraph—Press Association, Hamilton, November 27. Speaking at Ngaruawahia last night, the Leader of the opposition, Mr. M. J. Savage,’issued a warning to the people of the Dominion against false propaganda likely to be indulged in during the next election campaign. Labour, he said, would be accused of wishing to commandeer the savings of bank depositors and generally to destroy the savings of the people. The charge of wishing to confiscate private property would no doubt be freely made, but if the Coalition Government continued along its present lines of inequitable and crushing taxation there would not be much left for the next Government to deal with.

The sales tax and unemployment taxes were outstanding examples of unjust forms "of taxation and were, in effect, the equivalent of burning the candle at both ends. If given a majority in Parliament the policy of Labour would be to stand or fall in defence of the people’s rights and savings, which were at present being frittered away.