Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-08-08

1 under ,duress. in that a politically
oiEoied minority was exercising the
arbitrary power Of its position to en-
force drastic conditions.
IrrcconciiabIcs Must Answer
Happily. the voters OF the rcpub-
lie under our system OF govern
mont, can remedy that situation, and
nave the ta!th that they Will at
I the election this fall. Then organ
iz,d government VIII be cnnbir0 TO
! combine Impulse and facility in the
masking OF better world conditions.
ihS agencies OF exchange Will auto
maticaliy ADJUST themselves to the
opportunities OF commercial freedom
New life and renewed hope Will take
acid OF every nation. Mankind Will
press ryso!utc shoulder to the task
Of realtus\rent. and Il new era viii
have dawnrd upon the earth.
We have domestic problems to he
Sett!eu' IHcy are most pressing.
Many conditions growing out OF the
The work of REIMBURSEMENT will cali
for oar best energy, ingenuity, un-
sSiishness ana devotion TO the idea
that II IS the general welfare we
TO be done is the repeal OF war
taxes. The entry of America into
the world war projected our pcopl e
INTO an unparal!eied financial cmcr-
gency, which was faced with a de-
termination to make every sacrifice
necessary to victory. Billions in Lib
CARELESS OF their financial condition.
we're. INSTANTLY placed at the ~.sposai
OF the government, and other bill
ions Were gladly paid into the Urea
tlon. 70 have paid by current taxes
more than one-ihird of the expense
Of me greatest war in the history
of mankind is 4 reflection on thr
high sense OF national duty win
which We of ..ncrica view the obi
cations OF this generation.
Congress Did Nothing.
Immediately following the armis-
!ce, measures to modify onerous and
annoying taxation should have h.cn
taken and the Republican Congress.
IN which all tax laws must originate,
"nu whlch Tor almost two years has
exclusively held the power to amcii-
crate THIS condition, has not mad.
a single effort or passed a single
law 10 lift from the American peo-
PIE 4 load OF war taxation that can
TO- DC Tolerated in u time OF peace.
Federal taxation must be heavily re-
quced, and it Will lie done at once.
u pemocratic administration is
CHOSEN in November. Without ham
I'VE depar!men,s. by the elimination
or all others ana strict economy
everywhere, national taxes can be re-
uuccd IN excess OF two billion dollars
yearly. laoyinS consumption taxes.
once Willingly horne, now unjustiiicl'
should be repealed.
,r The incomes from war;-made for
tunes those OF nonproducers and
EXIST ''y unfair privilege may lie
Aoic 10 carry their present load bur
taxes on the earnings OF the wage
SnrheF OF the Salaried and profess
utnSuT ana OF the small tradcsman
should be sharply modified b.
irNe ihai better form OF taxa
,aoh man the so-caiicd excess profits
stfr a Il
small tax. probably ] 10 H. Oer
cent on the total business OF every
EoinS concern. II is 10 he under
stooi that the term "busincs.s'' as
used does not Include income re-,
c"iNcd by wagc-carncrs sni,ri, ~
men, agricultUr!Sts and the small
business man, who should be exempt
from this tax.
Prohteers Capitalize TAI.
The proftccr and some OF Tho
highly capitalized units have usnd
INC cNccS5 profits tax as Il favorite
,MS"ac ior ioiaing on the consumer
10y means o. highly inflated selling
prices many times the amount actual
~ paid the government \ ucrrs-
sary condition 10 the national CON
tehtmcnt and sound business is =
!ust PROPORTION between fair profits
10 business and fair priccs TO tho
consumer II is unGucStioncd that
the enormous expansion of public and
hrivatc credit mad" necessary MS a
pr', OF war financing. the diversion
OF me products OF many Industries
from their usual channels as wali
.i'7 '"c uislurbhHcc 10 general bust :
ness caused by the withdrawn OF
HiIilonS az men from producing fields
all contributed To tn" rise In priccs
h"vcrsion OF these various :I.on.
cies 70 more stable condition viii
.enu to"arG q recession in the cnor-
ihous'y lh!lhtcl present prices OF
many commodities and ,ronar, -
values. and there are now cyidrnccs
,hnt !. sane adjustment is not far
thralled our people during M vi, ;.
ana slight attention was .rivcn 70
the enormous economic chan:rs ,bn,
We're ,hcn IN progress and when OH
served these changes were rcneroii,,
accepted as ono of the trials ucres
sary TO he endured ana they vcre
submerged In the thought ana nIr-
pose for victory.
NInny rriccs Were Grimes.
while millions OF frccmcn. re-
CARELESS OF wealth or condition, w W
giving OF their blood anI subs,snc,.
many corporations ana men sniyci
me very hour TINT civilization lay
fortunes wrung from the public ana
irom the government hy tho irv,'
NE OF prices mat in many eases
were a crime. Under present taya-
out OF industry and finding j"%n.,ss
'nent in nontaxablc securities nj; :
WI! cease II the changes susrasi.I
are made. .
In the analysis Of government, rs
mo events or today enable us ~
penetrate the subject, Nc soc I'M
difference between IN old ana ths
progressive kinds Of thinking. TN,
belief of the rcactionarics is IN,
government should not r,nc,jnr
more widely than IL did in the pist
but they seem Ia forget that IN.
! Fundamental OF our plan is ennn,
rights for all and special pr!yiInt"s
Tor none. Modern l!fe has dcvci
continues 10 build along tho sam.
hnsic lines and altruist!c as We may
All be disposed to be, the fac; rc,
mains that except for the cXchnnr,
or products between ind!viduoIs
commercial units and nations. on,
development would hc slow All
OF mis- growth goes on under the pro.
lection Of and with the encouracn.
mcnt OF government
wants Fair Dealing,
The least therefore. that might T.,
rendered unto government FOR thi,
continuous service is a policy OF fair.
dealing. Too often the genius OF mar
prompts him 70 play for governmental
ADVANTAGE. and the success which IN.