The Closing Door


Only 250 Britons now have incomes of more than $14,000 a year after taxes,* Food Minister John Strachey triumphantly told a political rally in Scotland. Before the war, said he, no less than 11,000 topped the $14,000 level. Said the Wall Street Journal: "Mr. Strachey boasts that the door is quietly shutting on the free economy in the cradle of freedom . . ."

* Actually there are probably more, since capital gains, e.g., stock-market profits, which are not counted as income, are not taxable in England.In the U.S., according to the last (1948) available figures, more than 300,000 people...

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