Gainesville daily sun. (Gainesville, Fla.) 190?-1938, 1906-12-16
U. S. GOVERNMENT
SHOULD RAID RICHES
Of Multi, MilliOnaires When
100 They Die
3 ARovMENT o. VA. cARNEoIe
iron Master Wants Tax So Heavy
that the Government Would shse
Enormously in Fortunes Of the Very
Rich When They Die.

Enormously In Fortunes Of the Very
Rich When They Die.
New York, Dec. 15.--August Bel
monts position as president Of the
National Civic Federation on the ques-
ton OF "the income and inheritance
lax was explained by him at con-
siderable length at Thursdays ses-
sion Of the decorations annual meet
tng. In his opening address Mr..
Belmont touched on the same sub
sect and he declared that his remarks
had been misinterpreted by the news
papers.
what I said, said Mr.. Belmont,
e'was that a wise and just method OF
faxation-and the discussion OF that
en- a proper manner-would be of
great good to this country, but that
epollation was quite another matter.
Il do not believe that men as gen.
,eral proposition can accumulate large
fortune dishonesty and improperly
There may be isolated cases II Il.
The existing laws with regard TO
wrongdolng are complete and search-
tng enough These fortunes fastly
come through large corporations, That
these fortunes are accumulated IN an
improper manner all over this country
and must be reduced In a punitive
spirit Is what meant yesterday 10
deny. That tax on inheritance
ehould be passed, but Il should be
done on view OF wise and just tax
alton. and on some economic grounds
yves all meant 20 convey"
President Belmont then introduced
the next speaker, NJ. u. ingalls,, the
chairman OF the Cleveland. Cincin-
All. Chicago and Sc. Louis railroad.
William %. Guthrie. a lawyer. OF
thls city. who led the fight In the lo-
cal courts against an income tax on
constitutional grounds, was the next
speaker.
He held that there must. under tho
American Institutions, be equality Of
taxation, declaring shat taxation goes
hand ia hand with representation
Andrew Carnegie. who followed
ar, Guthrie. said that he was In
hearty accord with what had been said
by the previous speakers. lie thought
Il would be n great mistake for a
man VINO wants 10 borrow 81 900 from
hia bank In a time OF personal nnan-
olal stress 60 be compelled to explain
eli his private business 10 another
man, who IL perhapa also bank d.
rector.
= think an income tax would pen
citrate business 10 che core, said Mr..
Carnegie. 81 think this country
would never regret anything so much
As 20 impose such a tax differ
with the president strongly on the
subject 90 the income tax. bat I avn
IN a peculiar position ON the inheri-
tanco tax, advocating that a. some
thing IKE gc,ung better dls,rlbu-
tioa of wealth. Tho subject OF
wealth distribution viii no, down.
Mf, Carnegie said he believed in
asmaeh az ne TIE wealth properly boz
ionged 60 the community. she latter
on The death ~ the possessor shoule
acquire a great portion Of the wealth.
having had q lArgc part TO 40 with the
Development
soar country fails On It's duty said
ar. Carnegie. "if I, docs not exact
q share. tremendous share 20 the
cefale az the enormously wealthy man
o. Ms death me money belOngs
a tho community but 40 BOT mis-
tale ne, % 10, sdvuoate the
making q q mar q paupvf. o. The
naareriflng ~ Ms chNdrcn. nW q
a. n0i the milhonaire Nho made the
wealth. Ils did POI make ne or.
or The ooAl. o. che 500 that be doE
ouN ~ toe gfoant rhs Noutana
couier nine oNneT dla nos make biz
wealth. a DeionFt IN he Ahslfeo, %
the peepe Who ute "a anf ne uses
Nhirh mske d valuable.
n ana ni,h ihr pfVsi3ent. thea, 20
tax heavily bs sreduslei tANshcs
ever mah sho dies ,esging eEAipd
klm his m,i'lonF Cor 4 lhtak teai cf-
cossi,s Rosif EN- g, a rtiii d 90 ~
son b the fera