Word: soaking
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Edward F. ("Ned") Hutton, rich stockbroker and board chairman of General Foods Corp., likes to speak his mind on business and politics. Sometimes Mr. Hutton's phraseology lets him in for public trouble. Last summer, in sounding off against soak-the-rich taxes, he declared that today he considered himself "70% slave and 30% free." Thereupon Columnist Westbrook Pegler mused: "This undoubtedly is true on the basis of his tax returns, but there is no denying that such slavery has its little compensations. Mr. Hutton's slave quarters in Palm Beach might be called a model cabin...
...other Canadian who could conceivably become Premier now in coalition must steer a tortuous middle course: on one side are established bourgeois elements who still cast most of the ballots, and on the other the restive toilers who do not know what they want but are broadly out to soak the rich, raise the dole, nationalize railways and public utilities and probably amend the British North America Act, since this is apparently a brittle bulwark against change...
Social Credit, preached the Dean, is "about ready to be embraced by the young people in America," but in older England, "the idea must be put to soak for a while." Evidently afraid Social Credit will fail in the hands of Premier Aberhart, the Dean rapped: "I can assure you that a failure, even the collapse of the Government in Alberta, would not mean the end of Social Credit. ... At present banks create money in the interest of Finance. The people should create money in the interest of Production! You get inflation only if you create money faster than...
...making a personal study of the tax returns of 58 people who in 1932 had incomes of $1,000,000 or more per year. These, he declared with a broad grin and an obvious dig at William Randolph Hearst, whose newspapers had taken to calling the tax bill a "soak the thrifty" measure, were 58 of "the thriftiest people in the U. S." By buying tax-exempt Federal, State and Municipal securities they had managed to avoid paying any taxes whatever on 37% of their income...
...nervous breakdown.* This Congress has worked long and faithfully and well, and, personally, I insist that the Senate bring its business quickly to an end. . . ." More applause. "In my opinion it will be welcomed by the great majority of the people in the whole country. This share-the-wealth, soak-the-rich and save-the-poor legislation, some of which I am in favor of, can wait six months longer, because the rich will not get too rich in a few more months and the wealth can then be shared, and the poor are being taken care...