SPEND AND SURVIVE by David Demarest Lloyd


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In America today a major category of spending to which income and other funds are devoted is that of spending for the services of the government. This timely book represents a rather over-ambitious attempt to examine each of the major spending programs of the government -- the reasons for their existence, the purposes they serve, and the degrees to which they accomplish what they are intended to accomplish and to which they should be continued, expanded, or curtailed. There are, however, omissions. The foreign aid program deserves more space that it is given. His critical analysis of the existing schedule of rates and of the present tax structure is limited to an examination of fiscal strawmen- the repeal of the temporary excess or war profits tax, and the continued presence of Humphrey's tax ""loopholes"". He is too hasty to reject the use of the sales tax which has been recently recommended by the most impeccable of liberals. Since it is admittedly desirable to keep the economic machine continuously functioning at a high rate of production it is pertinent to inquire whether further taxes upon business enterprise and individual income might impede economic activity. Mr. Lloyd's book is a good summary of the complex area of public finance and government policy for the layman, but to the student of economics and political science the book offers little. Mr. Lloyd has been quite content to rewrite other people's research.

Pub Date: Sept. 6th, 1960
Publisher: Bobbs- Merrill