Subject
World War, 1914-1918 -- Finance -- United States Books
Best books
Otto H. Kahn
Frenzied Liberty; The Myth of "A Rich Man's War"
"Frenzied Liberty; The Myth of 'A Rich Man's War'" by Otto H. Kahn is a historical account written during the early 20th century, specifically amid World War I. This work discusses patriotic views on the war and addresses the misconceptions surrounding the motivations behind America's involvement, particularly the idea that big business orchestrated the war for profit. Kahn articulates a philosophy of individualism tempered by social responsibility, critiquing the rise of radical movements and advocating for unity and order in America during a tumultuous time. In this book, Kahn delivers a passionate argument against the narrative that the war was merely a "rich man's war" burdening the poor with the fight. He asserts that American involvement in the war was a necessary action against tyranny and emphasizes the sacrifices of all citizens, regardless of their economic standing. Throughout, he dissects propaganda, arguing that business interests would actually suffer as a result of the war, and champions the need for solidarity against the threats posed by extremist ideologies. Kahn calls for a measured response to societal issues post-war, urging for national unity and a balanced approach to public welfare, even in the face of challenges to the American ethos of individual opportunity.
Otto H. Kahn
War Taxation: Some Comments and Letters
"War Taxation: Some Comments and Letters" by Otto H. Kahn is a collection of essays and correspondence written in the early 20th century, specifically during World War I. The book discusses the implications of war taxation in the United States, exploring both economic considerations and the moral responsibilities of wealth during wartime. It is largely a commentary on the financial burdens imposed by government decisions regarding taxation and offers Kahn's insights into the potential consequences of excessively high tax rates. In the book, Kahn articulates his concerns regarding proposed income tax rates and excess profit taxes during the war. He emphasizes the need for a balanced approach that does not stifle economic growth or discourage investment, arguing that excessively high taxation could drive capital away from the U.S. to countries with lower tax burdens, like Canada. Through a series of comments and letters, Kahn outlines the importance of carefully considering the impact of taxation on both businesses and individual citizens, advocating for a fair and scientifically calculated tax system that promotes national unity without causing financial dislocation. His arguments reflect a desire to ensure that the financial sacrifices during the war do not fall disproportionately on any particular group, especially the economically successful.
Otto H. Kahn
Government Ownership of Railroads, and War Taxation
"Government Ownership of Railroads, and War Taxation" by Otto H. Kahn is a critical address delivered at the National Industrial Conference Board in New York, likely during the early 20th century. This book discusses the implications of government ownership of railroads and the taxation policies in the context of World War I. Kahn provides insights into the effects of paternalistic regulation on the efficiency of railroads and critiques the war taxation system, suggesting that it may unfairly burden businesses and inhibit economic growth. In his address, Kahn uses metaphors to illustrate the relationship between the government and railroads, likening it to a parent-child dynamic where the government’s heavy-handed control has stunted the growth of individual enterprise in the railroad sector. He argues against excessive regulation and State control, highlighting historical evidence from Europe where government ownership often led to inefficiency and decline in service quality. He suggests that a balanced tax structure is necessary to promote economic growth and equity, advocating for tax policies that incentivize rather than penalize business success. Ultimately, Kahn calls for a reconsideration of how railroads and industries should be managed in the context of national interests post-war.
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