THE BUILDING SUBSIDY
THE i-e-establislunent of the building subsidy out of the Unemployment Fund (No. 10 scheme) is advocated by the Wanganui Chamber of Commerce, but its conclusion is challenged by Mr. Len Bassett in a letter published in this issue. The contentions of Mr. Bassett are sound. The tendency for trade now is to move on the upgrade, and this movement should be encouraged. The best tonic that could be given to trade in general is a relief of taxation. Any remission in the unemployment tax would not mean a diminution in spending, but a redirection of spending into channels which would bring to the people the goods and the services that they stand in need of. The building subsidy is a stimulant, and an overdose of any stimulant is definitely dangerous. Not only should this subsidy be discontinued, but it should also be accompanied with a definite reduction in the unemployment tax. As for the suggestion that the unemployment fund should be used to subsidise the erection of public buildings, it is putting a premium on departmental extravagance.
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Bibliographic details
Wanganui Chronicle, Volume 77, Issue 156, 4 July 1934, Page 6
Word Count
180THE BUILDING SUBSIDY Wanganui Chronicle, Volume 77, Issue 156, 4 July 1934, Page 6
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