The control of our money system by financiers makes it possible to control and regulate production and distribution of wealth
for the benefit of the few to the
detriment of the many. It is Finance, not Industry, that causes
all of our economic troubles. Direct Credits for Everbody is the
only cure for them.
What is your method of taxing the people to meet the cost of running the government and making Public Improvements? Is it something like the Manufacturers Sales Tax?
G.R.M. Seattle, Wash.
ANSWER:Direct Credits for Everybody will abolish taxes altogether. That means that there will be no taxes at all. Therefore, the so-called Manufacturers Sales Tax can in no way be compared with “Taxes Will Be Eliminated,” as outlined in the book, “Direct Credits for Everybody.” You should read that book. What is the difference between interest and profit?
A Socialist, Cincinnati, Ohio.
ANSWER:There is as much difference between interest and profit as there is between nothing and something. The financier who charges interest gives nothing in return for the money or wealth that you give to him while the capitalist who makes a profit gives you something in return for the money, wealth or labor that you give to him. Adding nothing to nothing makes interest. Adding something to something makes profit. The manufacturer who makes a so-called profit off of labor in reality puts his own labor, skill and plans into the product as well as the mechanic and is therefore entitled to something for his share when the complete product is marketed. And, just as one salesman, who puts into his work more time, skill and effort will receive more commission than another salesman who puts into his work less time, skill and effort, so the manufacturer who puts into his productive work the most time, skill and effort should receive the most profit. And just so with the merchant, farmer or builder, they must all receive a just reward for their constructive efforts. Profit is merely their reward for something they have given to benefit mankind. Henry George proposed to tax heavily all unimproved land and lightly all improved land. What effect will Direct Credits have upon “Single Taxers”?
S.T., New York.
ANSWER:It should have a good effect upon them because Direct Credits will abolish taxes altogether and thus give them more than they asked for. Those who improve property will have no taxes at all to pay. In fact, the word |