Sunday, 5 August 2012

One Reason to Nationalize

AneurinBevan said that an important motive behind nationalizing industries was that it made taxation of incomes that much easier. Payments could be deducted at source, rather than levied upon earnings of small businesses. Nationalization was a way to minimize tax evasion.


[Aneurin Bevan, In Place of Fear (London: Quartet Books, 1952, 1990), p. 142. ]

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