La Junta tribune., 1917-07-26
HOW s4Ily!k y! We !.
PlY FOR IEEUlR?'
.SyaTt FNf III
AeIslIul6lle edllelsa an
- = : l1ylalo II.

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Vsvs nsasaaa- My 9sAasaiss IA.sa. q
~ ovessa - Wss A. D;sa1vsaAses.
sss orses oeaNetS 8se~els tfssasv
- oI~Slseis~-ttsw ~ re.ss ohssA
D Asssssss~ss.
~ eov1lM 4. A. oGlioaAAM,
lleviekae Professor Of Political Econ.
o0y. Columbia Univsrsity.
o. iAay n re11. the Houss oe Rep
f6seaEativss passed an set ito provide
rsvsaus 70 dsfray war expenses aad
othsr purposes" In the original
b1n = presented By the Conmittes Of
Ways and Means. tAs additional rove
aue b b derived was estimated st oi.
90. $4,000 The amendment to the In.
eoDs tar, which was tacksd On to ths
III dsrinG the discussioo 10 the HOUSE,
was expectsA 70 yish another et0.OO0.
90 o. eoe.Ooe!0O0.
II diecusslAs the HOUSE bill, two
Dcebis0s sries:
I. New nuch should b r,issd By
oaxat1oaf
II. facvhas aaa.ss should this ssn
- ea1Do11 id ogM
/ NV aassA ohsssd y Rs,sst By
oot ei Y0notioAt
0eW VS. the AgUo oe o., l,SoA A0oo,0 90
aEsivs2 81 ~ aaswse b ain0aa. Whan
- ossutau se'shs Zssas11 sans T.
sse1Qats ~ sA1lEtssa fvas sgpsasss
~ ~ ysaf iea1-lA - ealsslatsl tAst
~ Wsa0 ano0at 70 sp0e oAoo0..
OoAAoo! e WnScA oAooA0o6oo0 vas TO
- anotaoe - ~ sn1sa, ~ AooD,.
ooAeoo ~ - - sullsso ~ - -
0ese1sI DospsssA 111s21n6 thst 4
Wssi1rA - . ~ Dss0sa11sa - As1ds
~ heese 80 bstvs0 risaas as1
A4aa. - ceocluds1 tAat IL ansune
= - niDe1 b tassa ne oiymea-
nsfs ars two sxtrsos thsorias. saeA
- vf1eA my b 1isoisss1 WITH scant
es9sessv. H. 80 y dat IN var e.
Z Dsa1)eusss s1sald - 1sesays1 ~ isalG.
aa1 ~ ethsr = thas au var eEpsaAt
tsrss shs1h b defFaysa b tasss-
8acA thsssy b anisaahaa
u b indeed true that The burdens Of
IT, wss sAouid 10 bss1s by tAs pses-
sat rather than The future genes.tion: /:
bot this does not mean that they should
b bosas by this ysars taxatioa
Needing all war sxpenses By taxatioa
makes Tie taxpayers In one or two
years bsae ths busdsa e bsusots thae
ought to bs distributed at least over q
decade within the sams generatioa.
II tha>eseond nleeD, whsA .sapsn1i,
turss spproScS De steantic suns q
prssant-day warfare. Tie taS-ouly pol.
Scy would require more than the total
sufplns oe. social incsgs. Were ~
abse,utsly necessary. The ensains hav.
&c y thsoesssass NE e - connsai.
y WeuN havs to - eodnreA Dst
wAas0 tAs disastess oso - great aad
at ths sams tios % unnecessary. the
taxcoly policy uay b DECLARED In.
Ssrveasy 4d1oD0 - t. ~ =.
stiset sn1 hEA8 eeo0ss1ahos eese.
ass = 6ses1iig ~ . sshsenaeial ~.
tina. at lsasG e ~ Fsvsaues sAsal1
~ 1esivsd feeo ta1oa1sa. ~ Wtea
- ~ upos ~ ~ g ooSo ~ eooe..
tat h q rsisla0 ess-Aslf g - -.
0est1c war sgpsol1eusoo ~ to1ea. ~
Gsse3ss arisss Whsehse - ~ ~ q
- fhs. r.
T1e relative pss0astisa g lsaos 4
taxeD b sftse % . paesly baslnsal
peopsAtiea. Not 70 ~ - Q lasss q.
tsat "a loans at ~ ssssst q wss +
. n1etaks
oss6vsntsess q Gsssssivs Tsnsa
Ths 1issdvantaODs q excsssivs taxsa
at ~ outset of ~ war are - follows
!. Excessive taSss % coasamptiou
Will eaass popular ssssntDeat.
Z Excessive tas0 On Industry viii
0isarranss businsaA damp snthssiasn
and restrict the splsit of enterpeiss q
the very time whea the opposits ID
needed.
2. Excessive taxes On incomes will de.
plete the surplus available for invest.
menis aud Interfere with the placing Of
tho enormous loans which Wiil be neccs.
sary In any event.
Z. Excessive taxcs o. wealth will
cause . serious dlminutioo u the IN
comes which are at present largely
6rwn upon for the support Of educa
tioual and phlianthropic enterprises
Al0eeCvss. tbess sources Of support
wsuI6 b. drtsd W precisely st the tins
whsu ne ssed would 10 greatest.
Z Excessive tsneeie~ q the svtss4 q
~ pee will redvss Ne elsstssitv sveie.
ees6 eee the lNsrseslao dems~ds thes
oeo ooeW - se~Re. aLsaG- I'D
oseet ositslN's Policy.
Tats Great Britain - On example,
Dus)o0 ~, ,orsl year Of ths var che
lneenaaA lnRen snln aa1eehflv r oN4ef