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The Income Tax at 6s., 5s., 4s. 6d.—I go further, and say, even at 4s.—is, in my opinion, a bad and pernicious form of capital levy... The effect of … - H. H. Asquith
" "The Income Tax at 6s., 5s., 4s. 6d.—I go further, and say, even at 4s.—is, in my opinion, a bad and pernicious form of capital levy... The effect of such an Income Tax...is not merely to curtail the enjoyments and comforts of a large number of our middle classes. Its effect is to dry up the stream which fertilises the whole field of employment and of industry. I should have thought that no class of the community is more directly interested in a reduction of the Income Tax to—I will not say the pre-War standard, for that is out of sight now, and an utter impossibility—but to a reasonable and moderate standard, than those people who gain their living by the work of their hands. It is not a class question at all. It affects the interests of the whole business world and the whole future of British trade.
English
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About H. H. Asquith
Herbert Henry Asquith, 1st Earl of Oxford and Asquith, KG, PC (12 September 1852 – 15 February 1928) was Prime Minister of the United Kingdom from 1908 to 1916. As Prime Minister, his Liberal Party government passed social legislation beginning the modern British welfare state and reducing the power of the House of Lords. He was the leader of the country during World War I and formed a wartime coalition with the Conservative Party. He was was forced to resign in favor of David Lloyd George due to disagreements over military strategy and conscription, leading to a split between the two that began the decline of the Liberal Party.
Also Known As
Birth Name:
Herbert Henry Asquith
Alternative Names:
Herbert Asquith
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Herbert Henry Asquith, 1st Earl of Oxford and Asquith
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Additional quotes by H. H. Asquith
Let us realize...that we are fighting as a united Empire in a cause worthy of the highest traditions of our race. ... [L]et us recall the memories of the great men and the great deeds of the past, commemorated, some of them, as you have reminded us, in the monuments which we see around us on these walls, not forgetting the dying message of the younger Pitt, his last public utterance made at the table of your predecessor, my Lord Mayor, in this very hall: “England has saved herself by her exertions and will, as I trust, save Europe by her example.” (Cheers.) England in those days gave a noble answer to his appeal, and did not sheathe the sword until, after nearly twenty years of fighting, the freedom of Europe was secured. Let us go and do likewise. (Cries of “Bravo” and cheers.)
Let them take the debate which had recently been carried on with so much vivacity on the subject of Imperial expansion. There was a process of expansion which was as normal, as necessary, as inseparable, and unmistakable a sign of vitality in a nation as the corresponding processes in the growing human body. We might control and direct it by oversight and by means adapted to the end, but we could not arrest it. ... it was not part of the most illustrious apostles and disciples of Liberalism to condemn expansion in the sense which he had described it.
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