The Washington times., 1935-01-25

This is over ~
one-fifth of the --.,- ~. -"
total estimated LOWS nancy
income of the Nation.
The Nations tax bill is greater
than it's food bill. 1t is estimated
that we spend II per cent of our
money income for food, and 9 per
cent for clothes. But we have to
pay 20 per cent for taxes.
Business is being hurt and
slowed up by taxes, and that
tends to reduce employment, and
to increase living costs through
higher prices. A medium-sized
corporation today finds it better
merely to put funds in tax-ex-
empt Government "bondS" rather
than try to expand it's business.
This is because the mass of taxes
takes 60 to IS per cent OF any
increased earnings.
One result is a growing burden
vi GdACO C11AN UdACO OAA
consumption. Income taxes have
become so high that government
is resorting more and more to
1evies on the expenditures of the
small individual consumer. State
and local "saleS taxes" are spring
ing up everywhere, and they GER
tainly soak the poor.
One sure thing is that there
Is no way under the sun to
tighten the tax burden except to
cut down Government spending.
We seem to forget that every
billion saved in Government ex-
penditures means a billion less
taxes to pay.
The taxpayer is one Of the
numerous forgotten" men.
We may well ask whether we
are not paying too dear for gov
ernment. Are the New Deal ex-
per1ments worth the price?
But, some say. the Govern
ment can't stop spending-that
to stop now would mean ruin.
] say that it is all this spending
that is running us. The nation
is now inSOlvent. If it goes
ahead with it's squandering, it
will become bankrupt.
One-half of our Federal ex-
penditureS under the New Deal
have been SO-calIed emergency"
. expenditures and of this think
1t safe to say One-haf have been
wasted. would say that over
two billion dollars of the tax
payers money has been wasted
in the last two years.
The Government should econ
OmiZe in its "relief" expendi-
tures-in the amounts given per
person, in the number of per-
sons ION relief" and in the cost
of administration.
The Government should quit
making bad and doubtful loans to
individuals and corporations. 1t
should quit taking over private
debts. ''pegging" cotton prices,
etc. It should quit trying to "Stim-
ulate" business, and let business
recover.
It should quit wasting our
money on extravagant and un-
profitable dams, etc.
It should quit paying crazy
prices for tons of silver.
The Government should quit
building up a huge bureaucracy
which means thousands of "offi-
cialS" eating their heads off ans
spending their time deVising ways
to spend our money.
The more the Government
spends, the more it must spend.
Bureaus want power and prestige,
and administrative" expenses
are like relling snowballs. Con-
cesSions are made to one group
or section, and then others have
to "get theirs" Costly expert
mentS are made, and when they
fail, others are plunged into to
''correct" the bad results or cover
them up.
If you say, 1--WE will just bOr-
row. you admit that we are
spending too much, for you ad-
init that we can't pay our way,
and the unnecessary billions 1
speak of certainly are not going
into income. yielding investments.
Remember, when a debtor
spends money, he has to get
money back. Happiness" doesn't
pay the bills.
The extent of the banks load
of Government securities, the
growing intrusion of government
into banking, and the proposed
resort to baby bonds''-all show
that our public debt has about
Sraochnd tho limit 0f safety