
Set against the backdrop of World War I, this concise pamphlet dives into the heated debate over how a nation should fund its war effort. It begins with a provocative article that warns of capital fleeing to Canada if American income taxes remain excessively high, and questions the fairness of allowing wealthy individuals to shelter money in tax‑exempt securities. The piece sparked a flurry of reader responses, prompting the author to compile a series of thoughtful letters that expand and defend his position.
In the letters, the writer—grounded in practical business experience—offers a measured critique of proposed tax measures, warning that overly aggressive levies could harm both commerce and national unity. He balances patriotic fervor with sober economic reasoning, insisting that any fiscal policy must be just, scientific, and narrowly focused on the war’s needs rather than broader social engineering. Listeners will hear a snapshot of early‑20th‑century fiscal discourse, complete with the earnest tone of a citizen determined to influence public policy.
Language
en
Duration
~52 minutes (50K characters)
Publisher of text edition
Project Gutenberg
Credits
Produced by The Online Distributed Proofreading Team at https://www.pgdp.net (This file was produced from images generously made available by The Internet Archive/American Libraries.)
Release date
2009-06-26
Rights
Public domain in the USA.

1867–1934
A powerful banker with a deep love of music and the arts, he became one of the most recognizable cultural patrons of the early 20th century. Beyond Wall Street, he helped shape American opera and supported major artistic institutions on both sides of the Atlantic.
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by Otto H. Kahn

by Otto H. Kahn

by Otto H. Kahn

by Otto H. Kahn

by Otto H. Kahn