The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1921-03-17

1uuNu ~ AAAN N'aN "a 49, ---l'
excess profits tax"
Mr.. Bache invites attention to 10
points in which he summarizes the
advantages of the sales tax as fol-
lows:
Points of Advantage.
1. 1t is complete change from
the present system and meets all the
objections to prevailing methods.
.. 1t is simple where the present
system -distressingly complicated
3. tt will produce ample revenue,
whereas the taxes now imposed, as
Profits and incomes decline, must fall
far below amounts required.
4. Under the sales tax government
revenue is based upon something tan
eible- namely, the expeditures of the
people which go on increasingly and
do not vary in hard times or good
times to such an extent as seriously
to affect the revenue.
3. 1t viii stop capital from hiding
i'm tax exempt securities.
6. It allows the country to save
funds for future Industrial expansion
2. 1t will restore competition, en-
terprise and individual initiative, now
smothered to death by the pursuit of
the tax gatherer
8. 1t will encourage business thrift
stopping the waste of high salaries
and extravagances, which can then
no longer be charged off against the
taxes.
9. It's collection is simple and au-
tomato for both the government and
the taxpayer.
10 1t is fair in its distribution. The
one who consumes the most and
spends the most pays the most in
taxes.
H. 1t will not increase the price of
commodities beyond an average of ~
per cent, whereas now taxes increase
prices nearly 25 per cent.
u. Consequently it will tend to
reduce present prices to marked de-
gree.
10 1t has been in successful oper-
alton in the Philippines for years and
has proved in every way satisfactory
H. 1t has recently been put into
operation in France and is thus far
strikingly successful.
IS Some forms of it are in opera
ton in Canada, and it is so satisfact-
DRY that leading interests there are
urging that it be adopted as COM
plete substitute for all other taxes
16 1t is based on sound democrat
10 Y,,.iroip1oc opJ Inv ,ooobfpor ont Iva
to new sources of revenue, spreads
the tax load eQutably and in a way
most easily borne by all.
IT, AS it will be passed along TO
the consumer millions of people viii
pay the tax, but nobody win know it
or feel it,
IS 1t enables every taxpayer to
know his tax liability.
49, 1t is surer in its incidence. sim
pier in its application, more produc-
tive in results more economical in its
collection. and less of a burden upon
everybody than any other known form
of taxation.
Let Washington Hear From You.
Mr.. Bache concludes. and we can
not do better than quote his words
that a propaganda in favor of a sales
tax must be made by the business
men of this country that will make
itself felt in Washington If as the
result of this discussion. and many
others to follow, you believe the ex-
pertinent should be made. it is up to
you TO compel IT, You can do so. Tt
IS the burning question of the day
Write to your representatives in con-
gress.
'T believe" concludes Mr.. Bache.
"that the result to the civilized world
.or the general adoption of this sys-
tenn OF taxation would be as import
ant in its ultimate effect on business
and social life MS the abolition of slav-
cry was so years ago Then only
small portion of the community lived
in slavery. Today the entire world.
business or social. is living in a state
of slavery to taxation It's emanci-
patton from this blight Is as essential
] believe as the freeing of the colored
race was a generation or more ago"