The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1943-03-16

tually spending more than $1,000
100000 per month. All Of the income
OF persons over $1,000 Is not SUM-
cient TO pay federal expenses even
for four months out Of the year.
Furthermore, II oil Of the income In
the brackets above $1,000 Is taxed
away. these Weather classes can.
not buy war bonds.
But, someone says, the govern
ment gets, by borrowing from the
banks, O large part Of the money
needed TO pay Its bills. Banks, how
ever, produce no tanks or planes, no
ships or guns, no ammunition, food,
or clothing. Borrowing from the
banks merely means that the gov
eminent Ii using the device OF infla-
ton to tax oil the people Eurrepti-
tiously. There Is, then, no escaping
the fact that, directly or indirectly,
the 81 per cent OF the families hHV-
ing incomes smaller than $4,000
must pay for the war ut least Q
months out Of the year. Why not
face the facts?
Most OF the CIO leaders probably
do not realize the Implications OF
their proposed tax program, They
are merely being used as cats paws
by those DESTROYS OF destroying the
system OF free enterprise. One very
astute leader OF the communlStically
inclined group Ii said 10 have 70.
marked: we expected that II would
take US fifteen years 10 redistrlbute
the wealth OF the nation. The war
will enable uS 10 accomplish this end
In fifteen months"
II the CIO tax program Is adopted,
the middle and upper income classes
will obviously be brought down A.
nancially to the level OF the skilled
wage workers, This will automatic
ally cut of the capital supplies
needed 10 finance new enterprise for
those families having incomes under
$4,000 invest very little money In
such lines. The CIO program also
reduces corporate incomes TO such
IN extent that the corporations cam
not save out OF earnings the funds
needed for expansion, TO say nothing
OF the vast sums required for recon.
verting their plants after the war,
One Way Out
There will remain only one way
out. The government must do the
financing. and this will mean that
the government will own industry,
When this happens, there will be
only one large producer OF goods,
only one large seller OF goods, only
ono large employer. When the gov.
eminent becomes the only large en-
ployer, freedom OF choice OF work
/ will be drastlcaliy limited. Every
one will take the Job assigned to
him and like II or lump II. Incident.
ally, labor unions will, perforce, dis
appear from the picture. Has this
fact been realized by the CIo lead
erg?
It seems safe TO say that, among
the millions OF immigrants who
have thrilled with hope Oh first see.
ing tho Statue OF Liberty some have
been moved most by the vision OF
religious liberty and freedom from
oppression. But most OF them have
been inspired by the thought that
they are entering the land OF OPP.
portuntty IN which the son Of the
poorest workman may become
great merchant or banker or manu-
facturer. Aid they have not been
deiuded. Today our captains OF In.
dustry are largely men who started
their careers as poor boys. Many "
our greatest enterprises have been
developed from small concerns. In
nearly every such instance, the
growth has been possible only be.
cause some mans unusual genius
has been combined with the oppor.
tunity to make large profits through
selling an improved product at q
price lower than that charged by
his competitors. These large profits
have then been used to expand his
enterprise. Do the members OF the
Go really wish 10 destroy this sys.
temp
Free Enterprise
We are going to win this war not
because our men are Drawer than