Montana labor news., 1939-01-26

E&EEH
ton of Labor and the labor unions
are opposed to any form of sales
tax. Articles submitted under
Open Forum are the views of the
writer and may or may not be the
views of the Montana Labor News.
From: Montana Pension Association
Unit No. l, Great Falls, Montana.
To: Townsend Clubs Of the state and
all other voters to whom it might
be of concern.
The State Pension Groups are all
100 per cent for the Townsend Ma
tional Recovery Plan and deem it
the only national solution on a
permanent basis to ~redistribute pur-
chasing power back to the exploited
masses and thereby stabilize eco
nomic recovery.
We believe the national monetary
policies, revaluation of the dollar
and monetary reforms all necessary
and meritorious but on the whole
only benefit and reach 8 per cent of
Americas population and, with the
exception of the WPA and PWA,
leave 80 per cent on the same level
they were in 1890 and still to be
rehabilitated to economic stability.
We believe the old obsolete formula
of pump-priming by way of the top
down through the upper stratas that
now governs the economic processes
of America is just so much junk to
80 per cent Of the population. It is
an obsolete theory that this type of
circulation of money, to restore pur-
chasing power back to the masses,
will trickle down prosperity to the
masses, but z years Of this trickle
theory has demonstrated it a rain
bow; it just doesn't trickle down.
We believe the Townsend National
Recovery Plan will force this none
tary medium to trickle down where
it belongs which is the real solution
of an economic dilemma and chaos.
We believe the plan will also elm
mate social inequalities and eco
nomic injustices which prevail by
the over Capitalization of wealth
and profit resources into the control
of 5 per cent of our population. This
evil economic condition in itself will
always block any permanent re-
covery and always deny 80 per cent
of our American population a de-
cent American standard of living
their birthright of abundant Amer
always have a tendency to
promote booms, followed by depres-
sions. The Townsend Plan would
eliminate the most potent evil to
democratic governments and patri-
otto harmony which is class hatred.
But the state pension groups be-
ing well informed on political con
ditions in the national Congress and
knowing that the tories and re-
dictionaries representing the special
privileged groups in the national
seem as yet to hold the
balance of power over the Liberal
and Progressive groups which de-
mands the Townsend Recovery Plan
we deem at this time a statewide
bona fide adequate pension neces-
sary to promote justice and end de-
spair and poverty among twenty
thousand or more of our pioneer
Montanans who r the exploited
and needy class. It is these very
people who have made Montana the
great commonwealth she is today
to the turnpike of the sunset of life
as President Roosevelt
has said-that democracy for these
and all other groups will be made
worth saving. In conclusion, we,
the Montana Pension Association,
ask the support of all Townsend
minded people to use their influence
and efforts to put through the 1889
Montana legislative assembly at
Helena a bona fide adequate state
pension to all needy and exploited
insolvent groups within the bracket
age of 60 years and over and as far
as the personal views of the MAORI
ty of the membership goes we favor
2 per cent sales tax to furnish the
needed earmarked revenue funds for
said pensions. Deeming this theory
would be the most practical theory
to ensure adequate earmarked reve-
nue. for all times-and if bolstered