Executive View by Marshall Loeb: Why Taxpayers Are Sore

Executive View

If it were not for a tightfisted great-aunt, Henry Bloch is convinced he would be just another Kansas City stockbroker today. The rich spinster rebuffed the ex-serviceman's plea in 1946 for a $50,000 loan to launch a large company that would sell office services to small businesses; she only lent him $5,000, Had she been more openhearted, Henry Bloch believes, he and his brother Richard would have started too grandly and quickly gone broke.

The Blochs got another tough break—or so it seemed—some years later. By 1962 their H. & R. Block...

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