INCOME TAX FOR ALL
[To the Editor of the SPECTATOR.]
Sia,—Those who call for a wider basis to the Income Tax do so much more on moral grounds, and for the effect, than for the sake of the collection of an extra pound or two per head at a quite uneconomic cost.
The end may be perfectly easily served at no cost at all by giving all employees a stake in industry, as is done in New Zealand under the Companies Empowering Act, 1924. Back this up by making taxation a direct charge against profits
instead of an appropriation of a share of them, and every man and woman employed in industry will bear a direct share of the country's taxation. Legislation on these lines is urgently needed, and has long been advocated by men such as Mr. Wickham Steed on other and certainly no less important
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