Word: kingsley
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Dates: during 1940-1949
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...from the Treasury bench rose round, pink-faced Chancellor of the Exchequer Sir Kingsley Wood-known to the House as "The Cherub." In a clear tenor voice he piped: "What I want is cash." And for the next 91 minutes, speaking from notes written in his own hand, taped up in little bundles, one for each phase of his speech, he presented Great Britain with the heaviest budget in her history...
...Kingsley made some staggering demands. To the budget presented three months ago by Sir (now Viscount) John Simon, he added expenditures of ?800,000,000, so that total outlay for the year was estimated at ?3,467,000,000-more than half the entire annual peacetime national income. Against this he presented plans for new revenues of only ?239,000,000, hardly 30% of the increase in expenditure and just about enough to pay for one month of warfare. To get this new income, Sir Kingsley was obliged to ask for new taxes, both direct and hidden. Basic rate...
...this, said Sir Kingsley, he was regretfully obliged to hit the little man. There were just not enough big men left. He pointed out that incomes in excess of the equivalent of $80,000 were taxed 90%, leaving only $8,000. If he confiscated every salary in the country in excess of $8,000, he said, all he would get would be $280,000,000- enough to keep the war going not quite nine days...
Last week, with totalitarianism in the ascendency throughout Europe and democracy fighting for its life, first stirrings of a counter-revolutionary movement to reassert democratic principles became apparent. Once a revolutionary idea of the first order, democracy, reasoned a small group of thoughtful Britons like Basil Kingsley Martin and Cyril Connolly, was a latent force which, if it could be revived in Germany, Italy, Poland and France, would offer the easiest way of crushing Naziism...
...first-born of the realm marched, as in many crises of Britain's turbulent history, to fulfill their destiny. So rapid was the depletion of the aristocracy, already thinned and impoverished by death and death taxes in World War I, that the new Chancellor of the Exchequer Sir Kingsley Wood decreed that for the duration death duties are payable only once if successive estate owners die in action...