Milford chronicle., 1958-07-04
WE ALL PAY THE PENALTY


Washington and elsewhere concerning tax
reduction as a means of increasing consum-
er purchasing power and thus attacking the
recession Much of the talk, for want of a
better phrase, deals with what may be called
political" tax relief. 1t would give the aver
age taxpayers a few dollars more week III
his pay envelope. But it would do nothing
at all toward correcting the built-in Unequal
tiles in our Federal tax system that dlscour-
ages industrial growth and investment and
that penalties achievement.
What is needed as the Wall Street Jour-
nal points out, is not "quickie" tax relief,
but "a real reform in our tax structure,
made with deliberation and not in haste. :. ;"
The existing structure, the newspaper
goes on, with its steeply graduated rates on
individual incomes, means, in effect, .. !.
less pay for more work" Worse still, these
steep graduations inevitably act as depres-
SAINTS on the whole economy. To quote the
Journal again, the structure severely re-
stricts capital formation and the kind of
spending necessary to- nourish prosperity,
spending that is above that for basic necessi-
ties. In time we will all pay penalty for
oppressive taxation"
On top Of this, we have all manner of
special taxes that came about as a result of
hasty tax tinkering in past times. A prime
example here is the depressing excise tax on
such necessities as commercial transporta-
tion and telephone service. Some of these
excises actually are hangovers from World
War /. The emergencies that created them
are history, but the taxes remain.
The Journal also thinks that if the tax
structure was re-examined and reformed the
government could readily find itself gain
ing more revenue from rates less burden
some" Here's a project that really is long
overdue.
SURGERY AND THE ELDERLY
Within the past few years, three of the
most famous living Americans have under
gone surgery-President Eisenhower, the
former Presidents Hoover and Truman.
The ages of these men ran from 65 to 83.
In each case, recovery was complete, and the
patient resumed activity within very short
space of time.
This fact is cited in an article by Robert
p. Goldman in the May % issue of Parade
And he uses it to point up the tremendous
strides that American medicine has made
IN the surgical treatment of elderly people,
He writes that patients aged so to 80 and
beyond are undergoing surgery as a routine
matter today-Something that was virtually
unheard of a generation ago. Patients who
were refused surgery as bad risks when in
their COS are now being operated on safely
in their 70's. And the mortality rate in oper-
ations on the aged is as low as per cent,
where generation ago it was several times
that figure.
Many medical advances are responsible
A new Eight aneStheSia does not affect the
lungs and heart. New instruments have
eliminated other hazards. A vast increase
in nutritional knowledge plays a vital con-
structive role in BOTH the pre-operative and
the post-operative periods. New drugs have
all but wiped out pneumonia and other chest
disorders
The significance of this is impossible to
eXaggerate. We are living far longer than
did our ancestors and our descendants will
live longer STILL The proportion of senior
citizens to the total population rises stead
lily. That has presented an urgent challenge
to American medicine-and the challenge is
being met with outstanding, even spectacu-
lar, success.
JULY
The month of July takes its name from
Julius Caesar. 1t contains many historic
American anniversaries es-Independence Day
on the 4th, the anniversary Of the Battle of
Gettysburg on the 1st End, and 3rd, etc.
Calvin Coolidge was born on the 4th, in
1872 at Plymouth, Vermont. The first ad-
miral in the U. S. Navy, David G. Farragut,
was born at Knoxville, Tenn, on July 5th,
1901. The Republican Party was founded
July 6, 1854 at Jackson, Michigan
John D. Rockefeller was born July 9Th,
1889. John Quincy Adams, sixth T. S. Pres
ident was born July 18th. 1877, at Quincy,
Massachusetts, Nathan B. Forrest was born
! in Marshall County, Tennessee, July 18th,
1921. And John Paul Jones was born in
Scotland July 18th, 1747.
July is the month of full-bloom summer,
or midsummer. After July, it is apparent
even in hot August, that summer is running
out. Ii is the month of vacations, holidays
swimming and outdoor pleasures, and then
memories of summer and beautiful days and
nights-memories for winter.
July is month to enjoy, as well as an
historic one, so enjoy it!
R&@N&
YOUR HOME TOWN
in years past there has been a conviction