The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1921-10-25
STARVING OURSELVES
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lily OF successful industries with steady
payrolls, and the immediate need of ta>
reduction by city, state and federal gov
ernments.
Prosperous industries cannot be main
| tanned under burdensome taxes. Without
such industries the tax burden falls hea.
vier and heavier upon the common citi-
zen.
The fact is now indisputabe that the
Federal taxation system is driving mon
ey out of productive industry and into
taX-eXempt bond issues of city, county,
state and federal government.
AS the burden of taxation becomes
heavier under normal conditions and as
the general public becomes educated to
the fact that it can escape taxation to a
large extent by investments in taX-eX-
empt government securities, or by invest
ment in other bonds or mortgages that
yield steady income, which. although
taxable, is not subject to loss or as heavy
taxes as money invested in profitable
business undertakings. more and more
capital is being withdrawn from produc-
tive enterprise. This is one of the reasons
for unemployment today. The man who
formerly took chance on making a
fortune by ventures which required the
employment of large number of men.
no longer takes the chance, for if he is
successful the major portion of his prof
it is absorbed by taxation, while he runs
the risk Of loss from his venture.
The whole scheme of taxation which
was to hit the rich man was fine so long
as the little fellow didn't feel it. We now
find that in hitting the so-called rich
man and captain of industry. we have
hit his lieutenants and soldiers. namely
the working men. When the captain of
industry quits, a lot of workmen are
bound to quit for lack of employment.
The injustice to the few thousands
who pay the heavy taxes on large incom-
es is nothing compared to the injustice
to the millions who are out of work as
a result. ,.,~,s-.,,.- :s~s1'earsE i9g t.5gs''~
The Saturday Evening Post saws: "In
1907 everything was down in the dumps;
but men like Hartman. Morgan. Rogers,
the elder Stillman and the like were
crazy to pet things going again in order
to make some money, and they did. Now
their SUCCESSORS sit still and do nothing"
Three things must be done in this ma
ton: (1) Incentive for individual initia-
tive enterprise must be restored. e, Con-
tinued issuance of billions of dollars of
government taX-eXempt securities which
take money from productive undertake
ings must be discontinued. (3) Our taxa
ton system must be so arranged that it
does not penalize the creative genius and
brains of the nation. If you starve CAPT.
tai out of business you starve its people.
1t isn't the material used in garment
that makes basis for selling price.
The manufacturers all know that certain
kinds of garments can be worn by those
whose nerves have never been in any way
shattered-and the price is based on the
nerve of the customer.
Pants Coming Down" says headline
in an advertisement in an exchange. We
have always contended that sooner or Ia
ter suspenders would come back into gen
eral ;lse-and now we feel that we have
always been right.
If Henry Ford ever has a strike on his
railroad, he can put his iitney service
INTO operation. Henry has things comino
his way-but he hasn't spent much of his
time worrying-he goes out and "gets
en-"