Foreign News: Soak-the-Rich

Most anxiously awaited day in Britain's Parliamentary year is the one on which the Chancellor of the Exchequer "opens" his Budget in the House of Commons, because ever since 1917 Britons, great and small, though ruled for the most part by Conservatives, have paid out staggering income taxes. Outstanding British taxpayers like Lord Leverhulme (soap), Lord Wakefield (oil), Joseph Rank (flour & shipping) and Lord Nuffield (motors) are relieved of as much as 66% of their incomes by the Government, and it was these who faced the 1937 Budget with most fear and...

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