But how is the spirit of expenditure to be exorcised? Not by preaching; I doubt if even by yours. I seriously doubt whether it will ever give place to the old spirit of economy, as long as we have the income-tax. There, or hard by, lie questions of deep practical moment.
About this quote
- What does it mean?
- He suggests income tax sustains wasteful spending and economy is hard to restore.
- In plain terms
- Income tax might keep spending high and savings low.
- What can you take from it?
- Tax policy affects spending habits.
Where it applies
Putting it to work
Questions to consider
- How to cut spending?
- Is tax the cause?
Another view
Other factors also drive spending.
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