"Government Ownership of Railroads, and War Taxation" by Otto H. Kahn is a speech given to the National Industrial Conference Board in New York around the time of World War I where the role of government in industries like railroads and the fairness of war taxes are examined,. Kahn uses examples and persuasive speaking to argue that too much government control hurts the railroad business and that the way taxes are set up could be bad for business. He talks about how railroads shouldn't be treated like kids who need constant supervision and also shares stories from Europe where government-run railroads didn't do very well. He believes taxes should encourage businesses to do well, instead of punishing them, and suggests we need to think differently about how the government and businesses work together after the war.
Government Ownership of Railroads, and War Taxation
By Otto H. Kahn
Challenging popular ideas during wartime, a prominent speaker questions whether government control and heavy taxes are really helping railroads and businesses thrive.
Summary
About the AuthorOtto Hermann Kahn was an American investment banker, collector, philanthropist, and patron of the arts. Kahn was a well-known figure, appearing on the cover of Time magazine and was sometimes referred to as the "King of New York". In business, he was best known as a partner at Kuhn, Loeb & Co. who reorganized and consolidated railroads. In his personal life, he was a great patron of the arts, where among things, he served as the chairman of the Metropolitan Opera.
Otto Hermann Kahn was an American investment banker, collector, philanthropist, and patron of the arts. Kahn was a well-known figure, appearing on the cover of Time magazine and was sometimes referred to as the "King of New York". In business, he was best known as a partner at Kuhn, Loeb & Co. who reorganized and consolidated railroads. In his personal life, he was a great patron of the arts, where among things, he served as the chairman of the Metropolitan Opera.
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