The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1917-06-14

81 1sis---riss@ ere ~stsa s-s1 /.
- AsSar-isra-.
. EDNgs 2. A. sELfzaAN,
N-Flanr Fr1cssB1r e Psaecal Eecn-
cUT. C1izu1lE -ziHarsizE
On Nay q 1917. tAs Escss sf Rep.
rsssn-A-iTes passsz a. at ~ Erevsls
FsTsa1s g dskraF var sxpe1ses ard
f1r other plrrcsss- IN Eks srfztn8l
bl a. prsseats1 81 TIE Cezzlsfas q.
WAYS and Means she azs1lsfazal rave.
E1e % he derived was estimated zt s..
SIC iz1G00 The a-er.1-lznr te the IL
es1e tar. wkleA vas tazka5 ca 70 Ia
liII during the dlEcEsston Z tie House.
Was sTpecre3 % yisa1 ansEher So COO
600 Or s5a0G01c0
RI discussing the HoEse sEI Ewg
rrrhle-a Arlse
T. How mEeh shaad be raised b.
taxatfnnf
H. IN shat manzeF sh11I6 this srm
be raiaedP
3 Hs,~ MssH sS@lls e gaiss1 D.
TaEatisnf
Bow was the Ggzre q 81. $50 600 GO
arrived asi TIE answer Il simple. Wien
the Secretary c. TIE Treasury cane 6
estimate tie additional war sxpeazza
f0r the year 1sl7-1s. ~ caleuszssl thaf
they would amount TO sous s6.a8G.-
10000. q whlch 1900. .0C00C0 vas &c
BE- allotted 20 tie allies. ard xs.s00.-
oCOCC0 was 70 Be utilized for TIE d.
nestle purposes Thinking rhzt q
would Be a fair pr5postEio1 . divide
this After suu between I0ans and
taIes. be co1cIu1ed thzE ths auo1nf
to Be raised b. taxes was sl.s00000
co
There srs two extreme theoEfss. each
% which may BE- dismissed wirh sczzf
courtesy. The o1e Is that al war er-
renditures Should be desrayed hT bans
and the 0shsr Is .tzf al var ezpszds-
turss sboasd Be desraFed by taxes
Zach rhsorY Is untenahle
IL 8 indeed true thar tie b1rde1s q
the war shoE1I be hcrEe by tie grss-
snt rather than TIE future generation
hEt tAis does 0EEean that taeT s10ul5
he borne hy this years tzratiol-
Meeting an war expenses by taxztton
maEss the taxpayers "a o1a Or two
TeaFs bear the borden of be1sEts thar
ought 10 he distribgtsd at isass over 3
decade within Ehe same geaerarioa-
In the second place. when expeaai
tuEss approach tie gigantic sEzs q
presenf-day warfare. the tax-only pol
icy would require noEa than tte total
surrius es social income Were this
Absolutely necessary. the ensuing EgT-
oc fn the economic life ot the commBni
~ would have to he endured. Bni
where the disasters are 50 great and
At the same tine 50 unnecessary. the
tsx-cuiy policy nay Be declared IN
rra aeticable
Secretary McAdoo had the right n
stinct ard highly coumen1abie eour-
ze In deciding that q substantial por.
lion. AZ least. of the .sTsaues should
Be derived from TAXATION. BIT when
be hit upon the plan 81 $3.50 ger cent.
that "a. ~ raising o1e-half u al %
uesss- M~T expenditures By taxes. the
question arises WHEELER ka dI1 not &c
too far.
The relative proportion CT loaEs 10
taxes = after al a purely business
proposition Nos 70 rely to = large ex-
tanr 0a loans at the outset of 4 war is
q mistake
Disadvantages sf Excessive Taxes
The Disadvantages Of excessive taxes
st the outset of tie var are as follows
4 Excessive taxes on consumption I
VII eause popular resentment
. Excessive EaTes On Industry VII I
dlzarTangs business damp s1kh1stzsu I
and restrict the spirit q enterprise at 4
the very tine when the opposite Is
needed
3 Excessive taxes O. incomes VII d 4
piefe the surplus available Tor invest /
ments and interfere WITH the placing u I
the enormous bans witch VIII be nsees /
sary IN any event
a Excessive taxes o. wealth wili 4
cause q serious diminutio1 q the IA.
comes which are aE prssent largely I
drawn upon f0z TIE support of aduca- /
t0nal and phlanfhropse enterprises.
Moreover these sources Of support /
would 65 dTTsd u Precisely at fh4 time +
when the need would be greatest.
5. Excessive taxation a. tha eaksaf af 4
tns war will reduces the elasticity avail I
able fer the Increasing demands that 4
are seen 10 esnns-
Great Britaia'a Policy.
Take Great Britain as an example 4
During the iFst year OF the war she
increased taxes only slightly. IN order
to keep Industries going at top notch.
During the seeond year she raised BY
new taxes only 8 per cent. OF her war
expenditures. During the third year
she levied BY additional taxes goFer
and above the pre-war leveIl only
slightly more than Il per cent. of Der
var expenses
Il we should attempt 10 DO IS much
In the 6rst year Of the war as Great
Britain did in the third year it would
sufice to raise by taxation S1.250O0o-
200. II. In ouier 70 be absolutely on
he safe side. il seemed advisable 70
Increase the sum TO 81. .500aO0O00. this
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