Milford chronicle., 1949-03-18


called millionaires
Ian exceptionally
small percentage of
the population. rep
PATTERSON resenting but few
votes. II is that
numerically-smal class which the
politicians point to as the ''haves"
end from which they would take to
give to the have nots''
THE FACT is that such a class
represents not alone an exceeding
ly small percentage Of the popula-
ton, but it actually controls but
small percentage of the wealth OF
the nation. It is so small that to
confiscate all of such holdings would
mean not so much as $5 each il dis,
i tributed equally among all Of those
! not included in such class.
The ''haves," from whom the
vOte-seeking politicians would
take to give to the have nots."
number well over SO per cent Of
our total population, including
men, women and children. They
are those who have thriftily
saved iEs some form, and SO have
accumulated that which the pOIi-
ticians propose TO distribute to
the shave nOts.'
Included in this thrift class are
more than 80, ,OOO, 600 holders of Cow
ernment savings bonds, represent
ing over $4,000. .OOO. 900; 64,OOO,OOO
savings bank depositors. represent
ing nearly $58. 900. .OOO, 600 and six
million building and loan invest
ment holders, representing $40. 800,-
100000. A total of 22S, 100000 Of our
, population, (including the dupli-
Gates in various forms Of savingsl,
this class represents a total savings
! value of $17l 300, ,OOO. 900.
TO THAT LIST can be added the
! several million who have invest
i ments-their savings-in business
A and transportation corporations and
those whose savings are deposited
n in postal savings banks.
n All of these must be included
n in the class from which the fed
eraI and state governments, as
administered by vOte-seeking
I politicians, propose TO take fOr
q distribution among the "have
l. nOts.' The politicians should be
shown that the votes they seek
can be had in greater numbers
from the thrifty than from the
thriftless.
The trouble lies in the fact that
the thrifty-those who save and SC
''have''-are not organized. They
are not, as individuals, in posi-.
ton to protest collectively over the
is politicians taking from them,
y through socialistic schemes and
n methods, what they have thriftily
ie accumulated, as individuals and Sc
st have but little weight with those
le who seek political preferment or q
1e political party. The thriftless, OF
r the other hand, do organize and al
III such become a pressure group Il
ry which the politicians appeal as {
wv group.
ey IN so DoING-that is. in pro
it posing to take from the 'haves'
It's that they may satisfy the ''hav'
nots''-those we select to adnninistei
government are turning us ava!
from that capitalistic economy, tina
free enterprise, under which WI
10 have arrived at world Leadership
'n' 'I and the ability to help other peoples
10 and to thwart the advance of tina
.O- system called communism.
Sc The sOcialistic plans and
ate schemes, the attempt to divide
he the wealth Of the thrifty
to ''haves" with the thriftless
rs. shave nOts," will, in time-and
nj. not a long time-break all Of
III. US. the thrifty and the thriftIess,
civ the ''haves'' and the "have
nots." When that time comes we
III. will be a nation without pswer,
ice without resources, without OPP
,ue p6rtunity for the individual.
but What we need is legislation tn;
the win encourage rather than discou
so age thrift. Let us apply to ths
the which we have always given Il
ent needy helpless its proper name
let charity, not a something to whiC
ost- they are fully entitled even thous
sell their need may be created only /
ph- their own lack Of thrift or becau.
they do not want to work.
WITH A continuing increase
of wages. taxes and the volume of ci
rat culating currency we can expe
,irg more initiation. They constitute Il
.ess advance guard. At first they me
use but little opposition. When oppo
ttee ton does arise. it is too late, for t
.ivil citadel has been captured. It "
ad- take heroic measures to recaptu
out the lost position. That invadi
om- army may march steadily on. Mo
by wages. more taxes. more mon
ling mean an ever-increasing inflati
that leads to bankruptcy.