Business: Chains Unchained?

In Utah on Election Day the U.S. will learn whether one of the tides which reached flood stage in the depression of the '30s has finally begun to ebb. The big issue in Utah's election is Proposition No. 2, a referendum on post-depression's outstanding example of Stone Age economics: the most vindictive chain-store tax ever proposed. Not content with imposing a tax of $50 to $500 per store (on a graduated scale geared to the total number of stores owned by a chain all over the U.S.), the Utah bill also aims to embalm existing chains by putting additional taxes up...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!