But together with this there would come still another advantage. As soon as all the capitalist wealth had taken the form of bonds of states, municipalities and co-operatives, it would be possible to raise a progressive income, property and inheritance tax to a height which until then was impossible. It is one of our demands at the present time that such a tax shall be substituted for all others especially for an indirect tax. But even if we had to-day the power to carry through such a measure with the support of other parties, which is plainly impossible because no bourgeois party would go so far, we would at once find ourselves in the presence of great difficulties. It is a well known fact that the higher the tax the greater the efforts at tax dodging. But when a condition exists where any concealment of income and property is impossible even then we could not be in a position to force the income and property tax as high as we wish because the capitalists, if the tax on their income or property pressed them too closely, would simply leave the State. There have already been instances of this. The State then has the income and property tax without either income or property. Above a certain measure such taxes cannot rise to-day even if we had the political power. The situation however is completely changed when all capitalist property takes the form of public debts. The property that to-day is so hard to find then lies in broad daylight. It would then only be neces-
