The bee. (Earlington, Ky.) 1889-19??, 1913-10-14

| anu on lue huIldCe lulb ooehhn " W
so fair the average thinker can find
no fault with 1t.
In practice, however, It has been
found to be the most unequal tax sys-
TEN ever devised, end most Of the pro
gressive states have abolished the
plan.
Its inequalities and unfairness may
be seen from the way 1t discriminates
in certain classes Of property and ex-
plains why Kentucky seems to have
so little intangible wealth as com
pared with other states.
For instance cash in savings banks
draws only three per cent interest.
gilt-edge bonds pay four per cent, real
estate notes six per cent, stock in
some foreign corporations ten per cent,
while the tax on all is the same for
state purposes, but varies for county
and city purposes according to the To-
cation.
Thus where the income is only 3
per cent and the taxes 215 per cent
It leaves the owner only u per cent
interest, and where the income is 10
per cent and the taxes "a per cent
the interest is 71s per cent. In this
uniform?
In some counties land IL assessed
at 80 per cent OF It's value, in others 50
per cent, and in others 70 per cent.
The state tax is the same in all the
counties. Is this uniform!
II an honest farmer lists his prop
erty at its fair value and his I'M
scrupulous neighbor puts lower value
on his property the former pays more
than his share, while the latter pays
less.
! II the state board of equalization
raises the entire list for that county.
the honest man pays on property he
doesn'g own. and yet our law is sup
posed to be uniform.
That the personally owned by citL
Gems Of Kentucky is vastly more than
is listed for taxation is a well-estab
lished fact: but the tax receipts don't
show it. In fact, certain classes OF
property, such as stocks, bonds, notes
and cash have almost disappeared from
the tax rolls, and these evidences of
wealth apparently grow less each year.
II the present system is allowed to
remain in force, it will result. as it has
| In other states, in almost all kinds OF
personally disappearing from the as
SCISSORS books, and lands and houses
which can not be hid or moved Will
have to bear the chief burden.
II has been so in every state where
the general property tax" has been
the plan on which property was taxed.
and most Of the states have been wise
enough to get rid Of such an unequal
and unfair system.
The Ohio state tax commission. in
its 1908 report on the operation Of the
general property tax" says:
ut is a failure for purposes Of rev,
enue or equality. Perhaps not 5 per
cent of Intangible property is listed
1t Furnishes the honest. 1t rewards the
dishonest. IL frequently results in
double taxation and lowers the stand
ard OF integrity"
The entire revenue of tho state OF
Kentucky is about 100000. while
Michigan, with about the same area
and population, receives $4,000. 900
from taxes, only a small proportion OF
which is paid on land
In Pennsylvania there is no state
tax on farms or homes.
There are 100000 acres of unim
proved farm lands in Kentucky and
yet vast quantities Of farm products
have to be imported.
There are about twenty-five thou
sand square miles Of coal lands In
Kentucky, and yet we buy millions OF
tons of coal from Pennsylvania, West
Virginia, Indiana and Tennessee.
Kentucky raises thirty-eight pei
cent of the tobacco crop Of the United
States and manufactures only three
per cent oftit.
These are significant facts and oui
people should consider them.
There may be other causes for cur
lack of progress but 1t is an estab
lished fact that no state has ever
prospered under the general property
tax and II is also known that this de
plorable system of taxation has always
driven out capital. retarded develop
ment and caused untold losses In pop
| ulation.
The last general assembly passed
an act amending the state constitu
ton so as TO permit future legislation
on taxation which will go far towards
remedying the evils and 1t is the duty
of every citizen In the state to vote
| for the amendment at the November
election. If it is not ratified at that
time it will be impossible to vote or
the question for another five years
and It has been delayed too long al
ready. II is time for nc 10 wake az
and get in line with other prosperous
/ states Vote far fhQ cOnatitutiOnal