Milford chronicle., 1959-06-05

a woman first?"
THIS WAY OUT
How do we get out of the snarl of con-
tinuousy rising and multiplying taxes?
1t can be done, and one way is obvious
cut the cost of government. Another but less
obvious way is to increase the amount of in
come the government gets from taxes 2Oith-
Out Increasing the tGres-actually by decreGs-
ing them.
This seems contradictory but it is no
more contradictory than saying the way to
grow more roses is to cut back the rose
bush.
Pruning the high tax rate would leave
individuals and businesses with more mon
ey to spend and invest. This would produce
more business activity. Taxes collected on
the growing business activity soon would re-
turn more revenue than the government
would collect under the present high tax
rates, which choke off new activity.
Representative A. S. Herlong, Jr., of
Florida and Representative Howard H. Bak-
er of Tennessee are sponsoring legislation in
tended to produce this kind of revenue-build-
ing tax cut. Their bills are numbered H. r.
5000 and H. R. 3001. Letters from taxpayers
to, Congress supporting these bills-and
urging careful spending of tax funds-would
help get America out of its tax tangle.
~&S@&N
TIMES CERTAINLY HAVE CHANGED!
One of the moth-eaten arguments used
against large business is that it exploits the
many for the benefit of the few. If that
were ever true, times certainly have chang
ed!
Take, for instance, the 1858 financial
statement of great American oil company
which operates on worldwide scale.
This company paid income taxes of $780,
100000, plus production, property, fran
chise and other operating taxes of $405,-
100000, and import duties of 81 900, 100000
On top of that, in its role as a collector of
consumer gas taxes for governments, it col
lected another $548,600,00O. So, the grand
total of this companys payments to govern
ments came to $2,355, 100000.
That works out to the equivalent of $11.40
a share on the cOmpanys stock And it was
more than five times the dividend payments
to the actual shareholders and more than
double the employee payrolls and benefit
costs.
lions share of the profits made by typical
industry today-the weight of taxation sees
to that The owners, with few exceptions, get
only fraction as much as the tax collectors.
&%@&S
CONGRATULATING THE GRADS
The 1859 crop of graduates of Kent and
Sussex Counties schools will soon have fin
lSn0Q Ln0lf 0QucaClOnal Training, Out Cn0y
must realize, as they face this perplexed
world, that the future holds a problem for
them that cannot be solved entirely by the
fact that they hold a diploma
We see no reason for peSSimism on the
part of the graduates, but nothing is to be
gained by ignoring the stern facts that con-
front modern civilization. To learn these
facts, to understand their causes, and to in
telligently meet them is to score life sue
cess, regardless of the tricks that fate may
have in store
We congratulate the young people who
have earned the diplomas they will receive.
Due recognition of their successful study is
we'll merited After all, the young students
have met and mastered difficulties that, at
their age, are equal to any that they will meet
later on.
BE SMART IN THE WATER
During the hot summer months, nearly
everybody likes to go in the water. In ad-
dition to public bathing on the beaches and
at the resorts, water sports attract thou
sands of people.
The accident toll is high. For some rea-
son, sensible persons take chances in the
water Good swimmers drown through over
confidence. Flippant testers rock the boat.
1t is good idea for people to know the
simple rules that might save their lives.
Swimming alone, when overheated, or too
soon after eating, may be disastrous. 1t is
also a good idea to know the depth of the
water in which you are swimming Finally,
make it a rule to avoid smart tricks and
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