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The text argues that wealth is produced by labour, yet taxation burdens fall disproportionately on the poor while the rich evade their fair share. It reviews historical shifts between indirect and direct taxation and discusses changes affecting income tax, surtax, super-tax, and death duties.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":20,"@type":76,"position":81},"https://docshare.wps.com/document/exam/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/labours-financial-policy-labours-financial-and-taxation-policy/323617/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/labours-financial-policy-labours-financial-and-taxation-policy/323617.png","ImageObject",300,407,{"name":92,"@type":93},"Eden","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-30","2026-09-21",true,{"@type":102,"interactionType":103,"userInteractionCount":34},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What is the main claim about Labour’s financial and taxation policy in the text?","Question",{"text":112,"@type":113},"The policy is described as likely to be much discussed in the coming General Election, and the text alleges that Tory and Liberal speakers misrepresent it to persuade voters that Labour will confiscate savings.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"How does the document explain the burden of taxation historically?",{"text":117,"@type":113},"It states that before the franchise was extended to working classes, landed aristocracy and the capitalist class controlled government and arranged taxation so wage-earning classes paid most national taxation through indirect taxes.",{"name":119,"@type":110,"acceptedAnswer":120},"What changes in taxation are highlighted regarding income tax and related duties?",{"text":121,"@type":113},"The text describes shifts in the balance between indirect and direct taxation, outlines modern income tax rates and exemptions, and adds discussion of surtax/super-tax principles and increased death duties.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},323617,1790808233,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":34,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":139,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":41,"preview_page_count":4},1374391974468,"https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0","97-84069-29Snowden,Philip Snowden  \nWealth andcommonwealth  \nLondon  \n# COLUMBIA UNIVERSITY LIBRARIESPRESERVATION DIVISIONBIBLIOGRAPHIC MICROFORM TARGET\n\nORIGINAL MATERIAL AS FILMED-EXISTING BIBLIOGRAPHIC RECORD  \nReproductions may not be made without permision trom Columbia University Libraries.  \n## RESTRICTIONS ON USE:\n\nTECHNICAL MICROFORM DATA  \nREDUCTION RATIQ:            9:/  \nMAGE PLACEMENT:IA  \nDATE FILMED:                    4-30-97INITIALS:         916  \nTRACKING\\#:                                                                                                    23632  \nFILMED BY PRESERVATION RESOURCES,BETHLEHEM,PA.  \n308乙  \n及0x22   \n## WEALTH ORCOMMONWEALTH\n\nLABOUR'S FINANCIAL POLICY  \nBy the Rt.Hon.PHILIP SNOWDEN,M.P.  \n(Chancellor of the Exchequer in the Labour Government).  \nPRICE 1D.   POST FREE 1%D.  \nPublished byTHE LABOUR PARTY,  \nTransport.House(South Block),Smith Square,London,S.W.I.  \n5's61心1  \nQuantity Prices:  \nPost Free.  \n12 copies ..9d.100    .6s.  \n## LABOUR’S FINANCIAL POLICY\n\nBY THE RT.Hon.PHILIP SNOWDEN,M.P.(Chancellor of the Exchequer in the Labour Government).  \nTHE Labour Party's financial and taxation policy is likelyto be much discussed at the coming General Election.Tory and Liberal speakers are already busily engaged inmisrepresenting our policy,and in trying to make the elsctorsbelieve that if a Labour Government is returned all theirhard-earned savings will be confiscated.  \nThis is an old game.The two per cent.of thepopulation who own eighty per cent.of the nationalwealth try to make the poor believe that the richare public benefactors,and that if the rich are taxedit will be disastrous for the poor.  \nAll wealth is produced by the labour of hand and brain,and the wealth which is appropriated by the idle rich is adeduction from the just share which should go to the remunera-tion of industry in all its forms.  \nAn orthodox Professor of Political Economy has said:\"It cannot be too clearly understood that no public advan-tagewhatever arises from the existence of an idle rich class...Let them take their proper place as drones in the hive,gorgingat a feast to which they have contributed nothing.\"  \n## TAXATION--PAST AND PRESENT.\n\nUntil the extension of the franchise to the working classes,sixty years ago,the landed aristocracy and the capitalistclass controlled the government of-the country,and they soarranged things that the great bulk of national taxation waspaid by the wage-earning classes.  \nPoor Taxed Too Heavily.  \nThis was done by the instrument of indirect taxation.Atone time in the last century hundreds of different articleswere taxed.The working classes suffered intolerably fromthese taxes.They made the poor poorer,and deprived themof the means of getting adequate food and other necessaries.  \nThe great William Pitt,speaking of the effects of the systemof indirect taxation,said“There is a way in which you cantax the last rag from the back and the last bite from the  \n4  \nmouth without causing a murnur against heavy taxation.And that is by taxing a large number of articles in daily use.The tax will pass into the price of the article;the peoplewill grumble about high prices,but they will never know thatthe high prices are caused by heavy taxation.\"  \n## Rich Evade Their Responsibility.\n\nThat has been,and is still,the taxation policy of the Toryparty.Even ffty years ago the Income Tax contributed only.one-eleventh of the whole national revenue.At that timeIndirect Taxation contributed five-eighths of the nationalrevenue.  \nThrough all the centuries the rich have managed to evadetheir just share of taxation.They have enjoyed the protec-tion of government,and have put the cost upon the poor.Although things in this respect are better to-day,the richstill pay far less than their fair share of national taxation,and the poor pay far more than they ought justly to contribute.  \n### How Taxation has Evolved.\n\nWhen it became necessary for political parties to appeal forthe votes of the working","cbCaipIWLEHnvpwW","https://ap.wps.com/l/cbCaipIWLEHnvpwW","pdf",747857,12,"English","# LABOUR’S FINANCIAL POLICY\n## TAXATION—PAST AND PRESENT.\n## Rich Evade Their Responsibility.\n## How Taxation has Evolved.\n## Income Tax as i is To-Day.\n## Unearned Incomes and the Super-tax.\n## Death Duties.\n## Tories Give the Case Away.","[{\"question\":\"What is the main claim about Labour’s financial and taxation policy in the text?\",\"answer\":\"The policy is described as likely to be much discussed in the coming General Election, and the text alleges that Tory and Liberal speakers misrepresent it to persuade voters that Labour will confiscate savings.\"},{\"question\":\"How does the document explain the burden of taxation historically?\",\"answer\":\"It states that before the franchise was extended to working classes, landed aristocracy and the capitalist class controlled government and arranged taxation so wage-earning classes paid most national taxation through indirect taxes.\"},{\"question\":\"What changes in taxation are highlighted regarding income tax and related duties?\",\"answer\":\"The text describes shifts in the balance between indirect and direct taxation, outlines modern income tax rates and exemptions, and adds discussion of surtax/super-tax principles and increased death duties.\"}]","LABOUR’S FINANCIAL POLICY - Labour's Financial and Taxation Policy | PDF",1789965684]