This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1920 edition. Excerpt: ... A CAPITAL LEVY AND A LEVY ON WAR WEALTH CHAPTER I INTRODUCTION The great war, which has shattered empires, desolated millions of homes, and sown the seeds of famine over enormous areas, has also, as a minor incident in its course, revolutionized fiscal conditions in nearly all the great states of the world. ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1920 edition. Excerpt: ... A CAPITAL LEVY AND A LEVY ON WAR WEALTH CHAPTER I INTRODUCTION The great war, which has shattered empires, desolated millions of homes, and sown the seeds of famine over enormous areas, has also, as a minor incident in its course, revolutionized fiscal conditions in nearly all the great states of the world. The scale of Government finance has been so changed that the problems it presents are different, not merely in degree, but in kind from what they were before the war. A brief study of the present position may usefully introduce our inquiry. In the course of the war there has grown up a luxuriant and most confusing entanglement of inter-governmental indebtedness. Germany is confronted with a huge and hitherto undefined mass of foreign obligations under the head of reparations. Russia and Italy are heavily indebted to France, the United Kingdom and the United States, France to the United Kingdom and the United States, the United Kingdom to the United States. Considerable parts of this entanglement of indebtedness do, indeed, on paper at least, cancel out. England, on balance, is a creditor and not a debtor, and so also, if the German indemnity is reckoned in, is France. But how far it is reasonable for any country to count what it is owed by 7 others at full value among its assets, when interest payments are likely to begin, how long they are likely to be maintained, when, if ever, the capital obligations will be discharged, are questions not easy to answer. The path of prudence for any Government at the present time is to treat the money it itself owes abroad as a binding obligation, but not to bank too heavily on other Governments acting on the same view. The gross capital obligations of the British Government were on March 31 last 7,880...
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Add this copy of A Capital Levy and a Levy on War Wealth to cart. $34.96, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2016 by Wentworth Press.
Add this copy of A Capital Levy and a Levy on War Wealth to cart. $53.62, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2015 by Palala Press.