Word: excesses
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Dates: during 1920-1929
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...Chicago Daily Tribune, self-styled "World's Greatest Newspaper," is not afraid to place itself in famous company. Recently it took its stand beside Dean Jonathan Swift, master of the most devastating satire ever known. When Swift wrote his Modest Proposal for disposing of excess Irish population by feeding children of the Irish poor as hors d'oeuvre to the well-to-do, he was taken seriously by his countrymen and for a time ostracized. The Tribune, far from profiting by the Dean's experience, printed instructions on How to Kill a Child...
...anxious to put money into the Government's pocket. He believes that decreasing surtaxes is the way to do this, and points with considerable justification to increased Government revenue this year which has followed the reduction of maximum surtaxes from 65% to 50% and the abolition of the excess profits tax. The reason for this, he believes, is less tax evasion either by falsification of returns or by investment in tax-exempt securities, non-productive forms of investment. He is inclined to think that the maximum surtax should be not more than...
...best possible way of preparing for a bonus. He holds simply that to burden the rich beyond a certain point is also to burden the poor. Nevertheless, the insurgents in Congress demand that if there be a revision of income surtaxes it be upward instead of down, with excess profits taxes restored. They charge Secretary Mellon with favoritism towards the wealthy. It is probably true that Mr. Mellon does not understand the vote-getting value of the political slogan: " Soak the rich...
Since February, 1923, when America's exports exceeded her imports by $4,000,000, every month until July reported an excess of imports over exports, or an " adverse balance of trade." Such an occurrence has not been witnessed for a generation, and never before in the history of the country for the reasons behind its recent trade returns. In June, however, the excess imports amounted to only about $1,000,000, and new July's trade figures show that once more a " favorable trade balance " has been established...
Exports last month totalled $310,000,000 while imports amounted to only $284,000,000, leaving excess exports of $26,000,000. For the seven months of 1923, however, the trade balance is still against the United States by the total...