During the reign of the late Huey Pierce Long, Louisiana passed a tax on chain stores, graduated according to the number of stores in the chain. There was nothing new about penalizing chain stores for their "cutthroat"' efficiency. Sponsored by disgruntled independent merchants who have seen nearly one-fourth of the nation's retail trade pass into the hands of the chains, graduated chain store taxes have been enacted by 19 States and sanctioned by the Supreme Court.
But the Louisiana tax differed from other chain store levies in one vital particular: for tax...
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