Present Wealth Of United States, Daily Racing Form, 1918-07-28

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PRESENT WEALTH OF UNITED STATES The best authorities are in the substantial agree ¬ ment that the wealth of the United States today measured by dollars is considerably ill excess of SIMJOdOOOOOOOO Some who have made a study of the subject will put the figure at 1 0000000000 The national income is estimated by some at 50 OOOOOitOOO a year and by others at not less than 40000000000 40000000000As As soon as our industries are perfectly estab ¬ lished upon a war basis presumably our war expenditures will aggregate not less than Sir 00000000 a year Mr Lonsdale has called attention to what seems to have been an oversight made by those who have estimated our national wealth and income as these are today for he says that if war prices are taken into consideration our yearly income at this time and probably during the war will be iO000000000 iO000000000At At Washington the estimate was made last year tliat income and excess profit taxes would yield to the government 2500000000 That was an under ¬ estimate apparently for these taxes will probably yield not less than 4000000000 Mr Lonsdale alls attention to the fact that these figures prove the truth of a statement that was made by some high authorities before we lx gan to incur a great war debt for it was asserted by these authorities that it would be perfectly easy for our national debt which before the Kuropeau war was about 1000000000 to be immediately paid off New York Correspondent


Persistent Link: https://drf.uky.edu/catalog/1910s/drf1918072801/drf1918072801_6_2
Local Identifier: drf1918072801_6_2
Library of Congress Record: https://lccn.loc.gov/unk82075800