It is essential to any
effective control over corporations and over the "money power" that
corporation and inheritance taxes should be uniform throughout the
country, and should be laid by the central government; but no equally
good reason can be urged on behalf of the exclusive appropriation by the
Federal Treasury of the proceeds of these taxes. If the states need
revenues derived from these sources, a certain proportion of the net
receipts could be distributed among the states. The proportion should be
the same in the case of all the states; but it should be estimated in
the case of any particular state upon the net yield which the Federal
Treasury had derived from its residents.
V
THE ORGANIZATION OF LABOR
Only one essential phase of a constructive national policy remains to be
considered--and that is the organization of labor. The necessity for the
formulation of some constructive policy in respect to labor is as patent
as is that for the formulation of a similar policy in respect to
corporate wealth.
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