Barton County democrat. [volume] (Great Bend, Kan.) 1885-1915, 1891-01-29

paid in taxes by rich and poor goes not
TO the Government but to a small sec
ton of the richest class In tbs way
about 500. 600. 600 is restored to this
class for the Sss5, 600, 900 which 1t pays
in taxes
The annual savings of the two great
classes would therefore be as follows:
ANNUAL SAVINGS OF THE RICH
Natural S. 0o0, oo9 900
Deduct taxes, ---s225. 10000
Add profits from tax
ANNUAL SAVINGS OF OTHER CLASSES.
Natural ,6o0. o00.o6
Deduct taxes, esc---------------- sS0.oOo.0s
1 xe& .avings-.............. sso,oo0,oos
The gain here OF the wealthy class
over other classes is enough to equal inc
thirty years, If placed at 5 per cent
compound interest, the present totSh
wealth OF the country.
Such are the results of indirect saH.s
ton. How would the two classes stand
Il . system of direct taxation Were ixR
troduced? Mr.. Shearman thinks ynaa
under such a system . Tax of one and
one-ifth per cent on all property at ito
full value would be sufficient The
burden borne by each class would there
fore be as follows
lso.D rich would pay---------------sse $50. oe0lDe
p $40 Coz Others would paw Is, 0oo,oa&
From these figures Mr. ShearInan coaS
clu4es that a system OF direct taxatio1
/ would result in an annual saving to tie
middle and working classes of $50. oo0.s
900 for al time: and this u only a pare
OF the salient benefit from the direcS
system
The workings of Che two systems us4t
be illustrated by taking Che case % o
man worth $4,000. 600. Under th2
present system he would not pay more
than SIS. 900 a year, while at the saIna
time living in princely style. But if -
Is one Of the protected classes if no
owns mines or factories, the tariff taxeS
and other indirect taxes viii ofteH
bring him as much as 500, 900 a wear
from the pockets of other people Nose.
how would this panpered millionaire
| fare under a system of direct taxesf
He would pay Sl2O,O0 a year, and
would levy no tribute upon poorer peeR
pie.
II the present system, therefore, . %
continue, the coming of the billionaire
is q certainty; and with him viii come,
on the other hand, a million pauperzs
The question is, will the present syss
tenn continue? Mr.. Sherman isconf1tieRS
that it will not The Republicans have
| made the permanent expenses of the
Government SO great that a deficit q
$50. 900, 600 is thing of the near futures
| Moreover, no system of tariff taxation
can be devised which will yield suffis
cient revenue without re-imposing the
tax on sugar. But no political parrF
| will hazard S11ph a SfsaT, no r,aoulG
have learned the blessings of eheay
sugar. Sugar was put upon the free
list by the Republicans in order 60 safe
the tariff: but free sugar is going 60
work in precisely the opposite direction
The people viii learn through IL, 40
never before, that the tariff ik tax.
and they Will thus be led to demand the
abolition of other duties. The fa<1
elections have already doomed Che tax
on raw wool, and the growers have
threatened that the tax on wooden cloth
VIII have to share the same Fate.
Blaine put forward reciprocity as O
means Of saving protection; but recfs
procity, too, is going TO work in the
contrary direction again The people
viii readily see that an enlarged trade
! with all the world is good thing, Just
SO fast as they learn that our trade Gan
be enlarged in South America
Thus there are many signs OF che
early downfall of protection Many
forces are az work 30 undermine the
system, and as the reign of the extof-
toner passes away the conditions wiI2
vanish which tend 20 make the billions
aire. The abolition of tariff taxation.
and other forms of indirect taxes, VIII
prevent the coming Of the Millionaire.