Show What Creates Wealth e aj tji I Government cannot create wealth It can only spend it I That economic axiom was recent recently recently recently ly pointed out by B C Forbes In commenting on the delusion that government has a limitless purse that it can pull bundles of cash out of a magic hat that a ua day of re reckoning never comes cent spent by political must be supplied by the taxpayer And that term tax payer means e ery e ery person in the country who has a job any sav- sav savings sav sav- savIngs savings ings a piece of property a bus buss business I Iness I ness or a dollar to spend It means the day laborer as well as the bank president ti president 1 asI aswell as aswell I well as executive In fact the clerk and the day laborer have the most to lose from tax extravagance and the most to gain gam from tax taC economy Government cannot be supported by taxing men of wealth there there arent aren't enough h of them to tomake tomake tomake make a dent in the budget The great reat bulk bulJ of its revenue comes I from Crom indirect taxes on clothes food food fall alL the nece n nn 1 uy-A uy I nn L s an ana lux luxuries ux- ux uries urles which the average man and woman of small income buys I Wealth is created when hen capital IS used to provide facilities with I which men can cnn work to produce serI goods and commodities and ser ser- services ser services services I vices that the people need and want Potential wealth is lost when the burden of taxation makes make's Impossible this capital investment when when it at the source the jobs and opportunities that would otherwise be provided Tax reduction is in the Interest of every worker every farmer every business and professional man It would produce jobs de- de develop develop de develop industries and industries and make more taxable wealth And there is only one way we can have tax reduction by tion-by tion by spending less tax mono mane I |