The following booklet titled “Dangers of Wealth Tax” authored by S.H. Batlivala criticises the imposition of the Wealth and Expenditure Tax in the 1956 Planned Budget with an aim of progressing towards a ‘socialistic’ society. The author elaborates on his stance by citing the historical failure of the proposed measure as was witnessed in Britain. In 1919, following the cost-intensive First World War, as the British government embarked on such a proposal, the administrative burden of efficient valuation of wealth along with the implications of an economic depression owing to capital liquidation proved the ineffectiveness of the proposal. Moreover, the motive behind the proposal which sought to ease the financial burdens of one class by taxing another class was deemed unfair. The yields of a levy on capital thus proved contradictory to the objective of boosting governmental revenues.