Evening star., 1949-09-24

know the Constitution know that Lincoln
held, "Accustom yourself to suppress the
rights Of others and you prepare your own
throat for the gag" and that Jefferson said
Il shall protect them in the right of lying
and calumniating. 1t is better to leave a few
OF its noxious branches to their luxuriant
growth than. by pruning them away, to in
jure the vigor OF those yielding proper
fruit"
Now. who understands "the rights Of
man" as guaranteed? DON AMBURN.
Urges Buying Own Old-Age Insurance
As Panacea for High Taxes and Red Threat
To the Editor OF The Star:
The prime reason for a pension plan is
to provide an income for elderly people.
Any plan controlled by employers or labor
unions will not guarantee that q man will
ever receive his pension
1t would be too easy for labor leaders to
keep their men in line by holding the con-
troll OF their pensions over their heads Un-
less a man worked long period of years
under conditions specified by the union,
he would never collect.
Likewise, no one could possibly predict
what employers, large and small, successful
or not, might do with pension plan during
the lifetime Of an employe. The funds could
be dissipated, the company 60 bankrupt or
the man get fired. Anyway the manager
could always change his mind. Thousands
OF labor union-employer contracts for pen
sion plans would be just thousands more
naywire patches on our economic machine.
Every wage Garner should receive every
nickel due him weekly and then buy his
own insurance. This would enable him to
plan his own time Of retirement and amount
OF pension. His insurance would not be
affected by changing jobs or kind of en-
ployment. or by moving to another State.
A nationwide mutual insurance organiza.
ton should be formed to offer, in one pack
age, Life and disability insurance and a pen
sion plan to fit each persons requirements,
Every person in the United States should
be enrolled and urged to contract for
pension large enough to satisfy his needs.
Wnen boy or girl starts earning he or
sne should contract for this insurance. Thus
the Social Security system with its heavy
taxes and its Government control over pen
SONS could be gradually eliminated.
sixty million to 90000,0 900 Americans thus
ouy1ng pension insurance could expect to
nave from $4,000 to $50,000 each as their
snare IN our capitalistic economy at retire.
ment age. all managed by financial experts,
This would be their own money in their
own names and their pensions would not
depend on the solvency or good will of
SAe11SA SAAP4oycI Vi ldOOC union.
Every American would think and act as
capitalist because his invested insurance
would make him capitalist. He would be
more responsible citizen and a more in
telligent voter. Does not this achieve the
goal Of the labor unions that there should
.jican?,,r ,,o+ 49, s@gassssss - =
Z, Here. too. is Americas answer to the fool
lsnness OF communism. si,1ce every pay
envelope would contain money to buy an
hutN Insurance. the tnpf6sed soctst COM
ditioi would lift our lover third out Of
poverty. And 1t would be done the Amer
!can way; everybody standing on his own
feet and using his own ability. Communism
would get no announcement here!
The productive ability OF American in
dustry is so great that all wage earners
should be able to save substantial sum
yearly. But we have allowed the politicians
to tax us so heavily that too large a portion
OF our wages goes to support too much
government dollar spent for taxes is gone
forever, but the same dollar invested in
pension plan is still money in the bank,
Just portion of our tax bill would buy us
q very substantial old-age income.
Now we have millions of workers demand
ing OF great corporations pension, which
is inadequate and niggardly, besides which
there is no guarantee that they will benefit
from 1t. The smart thing would be for the
labor unions and the employers to team
together in a campaign to reduce taxes
because that is where the money goes that
should be buying security and independence
Tor those who create our wealth.
FRANK CLINTON SHAW.
One Reader Indorses, Another Scorns,
Letter From "Southerner"
70 the Editor Of The STAR
The letter by "Southerner" published in
The Star Of September 81 was shot through
with fuzzy semantics characteristic of too
much OF our thinking recently.