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. (This is an automatically generated summary.)

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.