Planning incomes implies a policy which relates increased pay to rising productivity.. Trade unionists will hardly accept this if nothing is done about profits, and the corporation and capital gains taxes announced for the forthcoming Budget are a step in the right direction. The same applies to the proposals to restore rent control and, by nationalising the freehold of building land, to put an end to the racket in land prices. A Price Review Body with power to prevent unjustified increases in key prices is equally essential.
The WeekThe Week Vol. 3, No. 1, 6 January 1965
Prices and Profit
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