Detroit evening times. (Detroit, Mich) 1921-1958, 1942-11-26

y
highest earnings. a greater ma
tlOnal income than ever before.
full employment and good
profits so all these sources Of
income can be tapped by taxa
ton TO an extent never before
attempted.
If INCOME from investments
is 10 be limited to S25, 600
annually. there will|not be suffi-
Cient investment to sustain a
capitaliStic democratic system.
No one will risk more than
enough in private enterprise TO
make that sum. Financial stag
nation will enSuC.
Money will not be Vcntured in
new enterprises, 10 furnish new
employment, higher wages. bet
ter working conditions. Existing
enterprises will be limited IN
their growth if they are already
furnishing each of their stock
holders $4,000 a year.
Greatest sufferer will not be
the investor, who is already
making his $4,000. but labor =
the union or nOn-unlon labor
that is employed with the in
VcStorS money.
If salaries arc TO be limited
10 $4,000, similarly. no one
viii waste his energy trying 10
make more. The superior law
yer, architect. artist. concert
musician. actor, doctor, bust
ness executive will make his
$4,000 and quit
Greatest sufferers from this
eventuality will not be the per-
sons who have made their
$4,000 (Which is enough for
-themLhu-the- average worker
who relies upon them for sup
port.
But the party 70 suffer most
Is the United States treasury
the peoples purse strained by
this unprecedented colossal war
load Its revenues will fall off
earnings OF investors and
high Salaried persons are lin
tied.
II viii have TO tax the aver
age man more and more, and If
he cannot carry this added bur
den after the war. the treasury
viii break down and our demo-
cratic system with II.
NOW, all these large incomes
y from investments or sal
aries are taxed proftably for the
people as a whole. The tax on
100000 earned is sos. 140
larger from inveStments). On
100000, II is Sl5l 900.
As long as we keep these large
income people working fully
they not only furnish employ
mcnt, capital VcStm Q n {
sources, and contribute directly
10 the economics OF the nation.
but We take thrcc-fOurthS of
what they earn or more away
from them in taxes.
Any man now earning $780,
600 is working eight months a
year for the country the peo-
pie as a whole and only four
months for himself. What the
administration proposes is that
he shall stop working tho eight
mnnihS-tOr the naifon- anrt work
only the four months for HIM
self.
This is bad enough in war
times. when the will 10 win
plus unprecedented government
expenditures furnished the i'm
pctus for full production. but
after tho war such an impetus
Will bc lacking.
In truth. a pCacctimo rcSlric-
ton along this line would be
simple direct ban upon superior
business energy of Americans,
the extra initiative. the desire TO
get rich, which has made this
nation the envy of the world
No greater nonsense than
these income restrictions were
ever pcrpc'ratcd on free poo
pie. And why? Well. the ex-
cuSC for II now is that the gov
eminent wants 10 avoid initiation.
This is maniicStly absurd. be.
cause a 50 per cent tax on A
SlOO.O 900 income already has mot
the initiation danger IN a wise
and profitable way.
Distributed p, kIre Features syra Inc.
Rerr0duo'.0 in Whole r IN Part
S'u Hy Prohibited
Six 25c Stamps win pay for
one HAND GRENADE. Thanks
10 baseball American cgIGiorc