The producers news., 1935-08-02

SOON h4<%OO Oil APkCcSA LUZ OIQ VIII
Ows and young children. To think
that they send missionaries to
China when there is so much per-
secution of the rich in our own
country. And neither the Interna-
tional Labor Defense or the Work |
ers international Relief has lifted
a finger for the heirs!
And ga. McB.", writing in The
Annalist (July 12), after starting
his article with GA further advance
in stock prices has occurred during
the past week. The week un-
der review began with a vigorous
rise in prices" he means: eff the
downward movement in industry
continues much further, efforts at
a redistribution" of wealth will
become unnecessary because the re-
turn on capital will be reduced to
negligible figures" Boo, hoe, hoo!
Another financial editor says:
at would be tragical if the people
were led to believe that by SOAK
ing the rich it would be possible
to make any appreciable headway."
Not only has capital" been re-
duced to negligible figures" but
look what the new deal has done
to the forgotten men at the heads
of corporations. Here have a par
tial list of about so such officials
| (Labor Research Economics Notes,
June 1935) who in 1884 were al
ready reduced to measly annual
salaries (besides dividends) rang
ing from $48,O0O to $S65,OOO.
And to those unreasonable peo-
pie who are kicking about high
prices, Commissioner Lubin of the
U. S. Bureau of Labor Statistics
answered.: '"While retail prices
have increased IL per cent in the
last year .-.-.-.. food prices moved
downward 0.6 of 1 per cent during
the 2 weeks ending June 18, 1885"
So there! 1t goes only to show the
= advantage of looking at both sides
l of the picture.
ket's Call 1t A Draw
q Let's call it quits: l can't bear
/ the thought of the Fleishhackel
, Bros. sitting on the steps of the
I Anglo California Bank wearing
/ blue goggles and with hats or
. their knees playing a saxaphont
Y and flageolet duet: "Lead Kindl!
r Light, and no one with a hear
: could stand seeing poor old JOIN
q D. with a tin can on his chest be
: ing led by a poodle; or good oil
Willie Hearst peddling hot dog
- at the beach.
7 And besides, can't you take
+ little joke? Roosevelt was onl,
> kidding. His kindly, emotional ma
, ture got the best of him. AS tha
+ brilliant journalist, philosopher, e
v economist and mystic, Mr.. Chestnu
q Crowell proved conclusively, tn
: whole thing is psychological. Ho7
ls could Roosevelt tax the rich whe
% no one can find or even define tn
is rich? There don't seem to be an
o. rich!
t. And as Senator Vandeveer sal
r! in a radio address: "a balance
ID budget must be achieved, not S
Mt much by raising taxes, as by RI
r ducing expenditures. If such a
m increase in taxes is unavoidab
as it must be laid upon a much lars
ct er proportion of the people" NoN
It, that's what we are trying to sa,
s. This is a democracy, amt it? Ar
if it is, we must all do our bi
II Why bother the rich when the h
va weather is already driving the
80 to the mountains and beaches
,d Why tax the rich, when at is
IL much easier to soak, dunk al
a. plaster the poor. Leave wealth
35 lone. Tax doughnuts, liver, button
a: toilet paper, anything, but lea
IN. the rich alonei
ID Keep a Cool Head
ice There is really nothing to G
I'VE we alarmed over. Secretary Of t
o. Treasury Morgenthau says tn
me "the emergency is past" and
lon has shown that we can only
es: about $3.50, 100000 even if we {
OF tax the rich. And that would
IN IN to balance the budget and pay
~ ~ our national debt. And we ow
~ on June Both, $S1, 1884, 100000.
LII 1n we owe this debt to the banke
why should we bother maxi
l1c % them take the money out OF @
M M pocket and put it in the other!
~ Moreover, everybody is tir
~ ~ Even Congress. AS the New "
w Times so ably summed up the
'" uation in headlines (July 14:
TIRED CONGRESS IRKED
WEALTH-TAX BILL. PRE-
IS DENT HAS WORN OUT LEG.
of LATORS, NOT HIMSELF,
,,r TANGLE FOR WHICH HIS MI