The Eaton Democrat. (Eaton, Ohio) 1875-1903, 1875-05-20
INCnRE TAXES.

INCOME TAXES.
Why was this just and equitable
mode of deriving a revenue abandon
ed? The people ask and it is for
the advocates of the continuance OF
Republican rule to respond. The
answer is palpable and plain, which
we proceed to lay before our readers.
In the first place, there is no policy
more just and reasonable than that
yearly incomes of $4,000 and up
wards, over and above expenses,
should pay five per cent revenue, to
assist the government in paying the
interest on the public debt. A law
of this kind was once in force, but a
Republican Congress repealed it, not
at the instance of laboring men, but
by the urgent interference of the
bond holders, banke. s and other per-
sons dealing in money. These men
were directly interested in the repeal,
and placing the burden upon labor.
They held their bonds, free of taxa
ton, but an income tax touched
their receipts and was therefore OBJ
jcctionable to them. Thus A. with
$4,000 in bonds was placed in the
annual receipt of about $4,000, which
by the repeal of an income tax, was
exempt from paying the government
say, $4,000. This ratio, run among
the bond holders, bankers, brokers
and other moneyed men, would yield
millions upon millions of revenue,
and thereby greatly relieve labor
from the principal burden of taxa
ton, as the case now stands.
Here is the secret why the income
taxes were repealed. These men
clamored for its repeal to subserve
their OWL interest, which they ac-
complished by buying members Of
Congress. They besieged the repre-
sentatives of the people, and by their
incomes converted Congress into the
measure. Many representatives
were bought down right and the Elk
ecutive rendered a plant and willing
tool in their hands, by subsidies and
gifts. In this way this wholesome
and just policy of deriving a revenue
has been abandoned. The Republi-
can party is justly chargeable with
this class Legislation, and when prop
erly understood by the people, it
does seem to us that it is enough to
consign any party OF set of men in
authority, to political infamy.
Therefore, let us have q new deal
at the ballot box, and place in power
the Democratic party, that stands
pledged to rectify this and many
other grievances, which have been
dominant in high places since the
close of the war. Let us have in
come taxes reinstated, plumber and
frauds exposed, and to these ends
the Democracy stands pledged, and
the only argument used to the con
trary, is that this old noble party
has not a good war record during the
rebellion. This, coming as it does,
from Republican office holders, is
becoming too stale and thin to infu-
ence sensible voters any longer
They admit that they have plumber
ed and stole the revenues derived
from the people, but say that the
democrats will do no better when
they come into power. This infer.
ence is mere assertion without the
least foundation of truth, and is only
used by designing and interested
politicians, to continue themselves
in power, and still further eat out
the substance of the people. Their
let every liberal and independen'
%elector rally to the polls, and peacea
bly, drive these plunderers and cor
: moTants from power, for they hav'
: robbed the people long enough.