The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1917-04-13

phasis upon them in the beginning.
President sst.s:..s9B's suggestion il
ais message that the needed money
be raised, insofar IS it can equilabls
be done. by well conceived taxa
ton" rather than by loans should Le
heedeI This. Of course, docs not
imply that large loans viii not be
required. But the tendency in all OF
our wars Of the past has been to util
ize the credit Of the country too
largely and IT'S taxation powers too
lightly It is easier for an individ-
uaf congressman to lay = burden upon
posterity than upon his constituents
of the present day. II the war is to
last long time and we should GER
tainly begin on the assumption that
It may last long ume-it is impor-
tant that tie credit Of the nation be
maintained as strongly as possible.
The danger OF initiation, too, to which
the president referred, is real dan
ger, particularly in view Of the enor.
nous store Of gold now in this couu-
try. It viii be wise. therefore, to
ntilize the taxation power as largely
~ possible without unduly burdening
die individuals and corporations
Witch viii have to pay it.
IS large revenue as is possible
should be raised from taxes on lux
uries, particularly wines, whistles.
beers and tobacco A committee OF
economists in New York state has re-
entity figured that if the war taxes
of 1Ss6-aFd these were largely in
ternal revenue taxes-were re enact
cd today, they would produce reve,
nue. Of more than $4,000. 100000 an
nua,iy. While some of these taxes
would probably be too drastic to suit
present conditions, it might readily
be that an internal revenue tax on
luXuries producing more than bill
lion dollars annually, as contrasted
with the $35oOOO,O00 actually pro-
duced today from liquors, tobacco.
etc. could be devised.
That the income tax should be re-
lied on largely seems to be generally
conceded. The exemption figure should
&c placed somewhere in the neignbor-
hood Of $1,000 The present exemp-
ton figures are entirely too high, ever
ior peace times; for war times they
woaid be absurd On the other hane.
the principle Of increased rates or
large incomes il entirely sound. Ard
NO do not think there will be much
from individuals of large
incomes because heavy taxes arc lev
led AGAINST them, provided always
that all classes do their bit ana thal
and waste are elimnat-
co from the governments expendi-
lures. The men OF wealth in the cots \
try, the big manufacturers, The large
corporations, are giving evidence CIV.
a~y day Of their willingness to. do
their part They recognize the fs.s
that they have an exceptional staEa
II the government and they arc will
ing 10 pay exceptionally.
OF the details of other taxes TO be
levied, the discussion in congress will
probably develop the right methods
and the right procedure. The people
Of the country were accustomed to
stamp taxc during the war with
spain aad considerable sum can
be raised IN thig way. Triv-
ial taxes, however. that bring in but
slight returns and are irritating
should be avoided An increase in
inheritance lax rates seems assured,
though caro- should be taken not to
nake the rates SO high that the com
anod state ANA national taxes will be
regarded as Unfair ard inspire eva
alons. If fine basic principles suggest
o. above are regarded, congress VIII !
be able to raise whatever revenues
REQUIRED without unduly burdening
aag individual or class and without
{ 9liaTffniSing tho credit ~ the por~e-