tax will become obsolete and all arguments and troubles caused by taxes and tax collectors will be but a sickly remembrance.
 The only reason taxes were invented was to have a method to fleece the public under the cloak of paying the cost of Governmental operation and public improvements.
 Under Direct Credits the cost of running the Government and making public improvements each year will be estimated in advance and charged to the source of industry. By this method at least 85% of the cost of collection and leakage will be saved.
 For more details read “Taxes will be eliminated,” beginning on page 58 in the book, “Direct Credits for Everybody.”
AUTHOR OF DIRECT CREDITS:
 Marx, the great Socialist Philosopher advocated the elimination of the Capitalist Class by the Laboring Class as a necessary cure for the economic ills of humanity. What have you to say about that?
ANSWER:
 The Capitalist, as a factor in economic disturbances has to a very large extent been eliminated already; but not by the Laboring Class as Marx prescribed. He has been overthrown by Finance.
 When Marx was alive the Capitalist was in the saddle and rode. roughshod, over the Laboring Class. But since then the rougher rider, Finance, unhorsed him and now gallops with demon-like fury over everybody.
 Heretofore, while Capital and Labor fought over the division of the wealth, Fi­nance came along and took the bulk of it.
 The Capitalist, who organizes industry and introduces economic methods into production and distribution, produces, together with Labor, all of the wealth. While on the other hand the Financier, who neither plants, nor builds or produces anything of value, absorbs most of the wealth. This idiotic arrangement is accomplished by allowing the non-productive Financier to control the money we use as a medium of exchange for trade purposes and then making the people pay for the use of it through various slippery Credit methods.
 But the elimination of the Capitalist as a power has not made matters better for the La­borer, but made them worse for him. While the Capitalist used to work the La­bor­er long hours for small wages, the Financier will not even let him work at all. So Direct Credits shows that Capital and Labor must stand together for self-preservation or they will both be reduced to serfdom by Finance.
 The Economics of Marx is a half century behind the times. He, apparently, did not know the difference between Capital and Finance and bunched them together as one and the same.
 There is as much difference between Ca­pi­tal and Finance as there is between milk and a sponge.
 Capital is wealth, and wealth is anything and everything made valuable by human effort. Finance is a vacuum that absorbs wealth through a fraudulent medium of ex-