War Taxation: Some Comments and Letters

"War Taxation: Some Comments and Letters" by Otto H. Kahn is a compilation of writings focused on the economic effects of wartime taxes in America during the early 1900s. This book dives into the financial challenges that arose from government tax policies, examining the moral duties of wealthy citizens during times of war. Through essays and letters, Kahn voices apprehension about proposed income and excess profit taxes, questioning the potential impacts of elevated tax rates on the economy. He emphasizes the importance of maintaining economic progress and supporting investment, cautioning that extremely high taxes may lead to capital flight from the United States to countries with more favorable tax environments. Kahn argues for a well-thought-out tax system that balances the needs of the nation with the financial realities of businesses and people, fostering national unity while avoiding economic instability and advocating that financial sacrifices during the war are fairly distributed across all economic groups.