The daily Nome industrial worker., 1918-03-30

DO, Il you uO levy SuDSEnJlal taxes and light bonds the burden will be dis tributed between those who can fight and those who can pay.
 I say it is not fair, it is not just, it is not right it is not wise, and it is not prudent to do otherwise. Let those fight who can fight, and let those pay who can pay. Let each man do his bit in his own way. That is good statesnanship as I take it. That is good sence, fairness, and justice. Preserve Credit For Rainy Day I say again that we ought to impose and levy all the taxes that we can, as long as it does not injure business, so long as it does not betray our efTf- ciency or our prosperity. That is what 1 mean by not injuring business There is no argument as to the fairness of it, as to the justice of it, as to the wis dom of it. It is a question of expeGiencv as to how far you can go. 1 say you are not going to far when you let the spring more than run over, more than bubble over, when you are just dipping from below, where it does not effect the source and does not diminish the supply, and when you leave 50 per cent
 or 20 per cent of excess and war profits plus the profits that these en- terprises have always earned md against which our people complained before the war because excessive p,ices were being charged and excess profits made.
 Remember that you are still giving them those high profits before the war plus 50 per cent or 54 per cent under the amendment of the Senator from New Hampshire; you are not cripplirg anybody, and you are laying away for 8 rainy day the credit that you may neod very badly before this war is over
 If you cut one billion off the top of the bond issue and put it on below b. tween them it reduces the discrepancy by $2,0OO, 900, 900; but if before the year is over, you are going to put on a bond issue of sixteen or seventeen billion dollars against -billion-do'I 1T tax bill, to the extent that you have failed to take the taxes that you should have taken and to the extent that you have heaped it on top of the pile of bonds, just so far you have cut down your own credit. If this war lasts couple of years, the Lord knows that We snail need it.
 Some people say that they must have money to buy bonds that we are going to issue at some time and that we should not take their money away so that we may sell them bonds later. Remember, however, that we cannot force them to buy bonds. If they are willing to pay taxes now, and only pay them because they have to pay them, then, when the government is in
 
 far, as far as getting money is con- cerned, how will we get the money unless we yield to the dictates of their terms as to interest rates and pay their price, as the government has had to pay the price in former wars? Not only that. Perhaps they will not buy our bonds at all; and what then? Every dictate of wisdom, prudence, justice, fairness and righteousness demands that we get an adequate tax; that the mon who can afford to pay shall pay an adequate amount of tax and contribute an adequate amount to the prosecution of this war.
 The taxes that I think were just and fair have been voted down; but the amendment of the Senator from New Hampshire (Mr. Hollis) certainly ought to appeal, it seems to me, to every Senator, because it is just and fair.
 Exeprience of British Cited
 
 It was said here that England started with taking 50 per cent of the war profits by way of tax. I think the re- sponse made by the Senator from Cal ifornia (Mr. Johnson) was unanswer- able, that they have had three years of ,--ar profits. not cent of which has been taken. They have got that nest egg. Besides the assurance of the eX- cess profits. three years of war profits have not been touched, and yet we talk about crippling them. We talk about discourageing these money pat riots, and insult them by saying that if we do less than is fair from our own standpoint, give them the benefit of every doubt resolve every doubt .z..4 1s,