parasitic apparatus nourished upon the productive process. There now begins its transformation into an organisation directly fulfilling the function of administering the economic life of the country. To this extent the State budget will be a budget of the whole of the national economy. Under these conditions, the balancing of revenue and expenditure can only be effected by means of an accurate record of the production and distribution of goods systematically carried out by the State. As far as concerns the defraying of extraordinary State expenditure during the transitional period, the Russian Communist Party advocates that the system of levies upon the capitalists which was historically necessary and legitimate in the opening phase of the revolution, shall be replaced by a graduated income and property tax. But in so far as this tax ceases to be lucrative in view of the widely effected expropriation of the possessing classes, the State expenditure must be met by the direct conversion to this purpose of part of the income from various State monopolies.[§122-124.]
THE HOUSING PROBLEM.
The housing problem