It is essential to any effective control over corporations and over the "money power" that corporation and inheritance taxes should be uniform throughout the country, and should be laid by the central government; but no equally good reason can be urged on behalf of the exclusive appropriation by the Federal Treasury of the proceeds of these taxes.

If the states need revenues derived from these sources, a certain proportion of the net receipts could be distributed among the states.

The proportion should be the same in the case of all the states; but it should be estimated in the case of any particular state upon the net yield which the Federal Treasury had derived from its residents.
V THE ORGANIZATION OF LABOR Only one essential phase of a constructive national policy remains to be considered--and that is the organization of labor.

The necessity for the formulation of some constructive policy in respect to labor is as patent as is that for the formulation of a similar policy in respect to corporate wealth.

Any progress in the solution of the problem of the better distribution of wealth will, of course, have a profound indirect effect on the amelioration of the condition of labor; but such progress will be at best extremely slow, and in the meantime the labor problem presses for some immediate and direct action.