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Books Books 1 - 9 of 9 on It encourages wasteful expenditure, puts a premium on overcapitalization, and a penalty....
" It encourages wasteful expenditure, puts a premium on overcapitalization, and a penalty on brains, energy and enterprise, discourages new ventures, and confirms old ventures in their monopolies. "
The War Purse of Indiana: The Five Liberty Loans and War Savings and Thrift ... - Page 235
by Walter Sidney Greenough - 1922 - 278 pages
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Papers and Proceedings of the Annual Meeting, Volumes 31-33

American Economic Association - Economics - 1919
...recommends the "elimination or reduction" of the excess profits tax. His indictment of the tax reads: "It encourages wasteful expenditure, puts a premium on overcapitalization and a penalty on brains, energy, and enterprise, discourages new ventures and confirms old ventures in their monopolies....
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The American Economic Review, Volume 10

Economics - 1920
...recommends the "elimination or reduction" of the excess profits tax. His indictment of the tax reads: "It encourages wasteful expenditure, puts a premium on overcapitalization and a penalty on brains, energy, and enterprise, discourages new ventures and confirms old ventures in their monopolies....
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The American Economic Review, Volume 10

Economics - 1920
...the Congress. Still more objectionable is the operation of the excess-profits tax in peace times. It encourages wasteful expenditure, puts a premium on overcapitalization, and a penalty on brains, energy and enterprise, discourages new ventures, and confirms old ventures in their monopolies....
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Annual Report of the Corporation of the Chamber of Commerce of the State of ...

New York Chamber of Commerce - Commerce - 1920
...evident as to require little explanation. We have the word of former Secretary GLASS, that this tax encourages "wasteful expenditure, puts a premium on overcapitalization and a penalty on brains, energy and enterprise, discourages new ventures and confirms old ventures in their monopolies."...
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The organization

Hugh Ronald Conyngton - Corporations - 1921
...recommended either elimination or reduction of the excess profits tax on the grounds, among others, "that it encourages wasteful expenditure, puts a premium on overcapitalization and a penalty on brains, energy, and enterprise, discourages new ventures and confirms old ventures in their monopolies."...
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Introduction to Public Finance

Carl Copping Plehn - Finance - 1921 - 446 pages
...the Congress. Still more objectionable is the operation of the excess profits tax in peace times. It encourages wasteful expenditure, puts a premium on over-capitalization and a penalty on brains, energy and enterprise, discourages new ventures, and confirms old ventures in their monopolies....
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Indiana Historical Collections, Volume 8

Indiana - 1922
...Indiana banks and by them to patrons formed a definite part of the war financing in Indiana, and 8. US Treasury Report. 1919. Page 25-26. 4. Secretary..."encourages wasteful expenditure, puts a premium on over-capitalisation and a penalty on brai'-:. er?rsy and enterprise, discourages new ventures, and...
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Annual Report of the Corporation of the Chamber of Commerce of the State of ...

New York Chamber of Commerce - Commerce - 1920
...evident as to require little explanation. We have the word of former Secretary GLASS, that this tax encourages "wasteful expenditure, puts a premium on overcapitalization and a penalty on brains, energy and enterprise, discourages new ventures and confirms old ventures in their monopolies."...
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The American economic review, Volume 10

1920
...the Congress. Still more objectionable is the operation of the excess-profits tax in peace times. It encourages wasteful expenditure, puts a premium on overcapitalization, and a penalty on brains, energy and enterprise, discourages new ventures, and confirms old ventures in their monopolies....
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