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They suggest that we have seen increases in

revenue occurring because after the two world wars the level of taxation,

although falling down from the enormously high levels in wartime, did not recede

back to the old level. Thus their hypothesis is that major crises expand the

public tolerance for increased levels of taxation...

They suggest that we have seen increases in

revenue occurring because after the two world wars the level of taxation,

although falling down from the enormously high levels in wartime, did not recede

back to the old level. Thus their hypothesis is that major crises expand the

public tolerance for increased levels of taxation...

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