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Show YOUR TAXES Hablet L. Lutz Professor of Public Finance Princeton University Employment By Command The full employment bill as .passed by the Senate does not differ greatly from the original draft, despite a rewriting in commHtee and various amendments made during the Senate debate COmmittee and !F?uWaS Sen,eral .agreement among those who discussed the ?"Jhf .C,0n,"ee .hearin?s a"d in the Senate that h S i,' i- r vide the discharged worker with another job, regardless of the incapacity in-capacity or slackness which made the discharge necessary. It is sound fiscal policy to pav as you go, but the transfer of purchasing power from the citizens cit-izens to the government will not make possible the creation of more jobs The effort to sponsor public rather than private provide provi-de Pment by increasing taxes will produce definitely adverse ad-verse effects upon private enterprise enter-prise and initiative. Yet the the-thl the-thl 6 fU" P''ent bill f3 that such apphcation of private income will stimulate investo and business managers to greater effort on their own account the assertion has frequently been made that the Murray B n will prevent depressions. The sumption appears to be that there" can be no depression if there is full employment. The fact that there was v rtuallv f,,ll 1 ment when the ' Lcn,P oumcuiiny snoum oe done about mass unemployment. Legislating about unemployment, as such, is about as significant as legislating about the weather. No Definitions In the first draft the preamble was entitled "Declaration of Policy. Pol-icy. This title was changed in the new draft to read "Free Enterprise En-terprise and Full Employment." Neither "free enterprise" nor "full employment" is defined, although these subjects constitute the chief topics of the bill. The ordinary definition of "full employment" is that it is a condition condi-tion under which all who are able and willing to work are employed. Deliberate and artificial maintenance main-tenance of unbalance between the demand for and the supply of labor would naturally promote a steady and continuous advance in wages and in production costs. Ihus it would operate to produce a continuous rise in prices; in other words, an inflation. besan does not appeal to a fee beneYfCCantdesCLrnCt 7 t'C causedbyadech-nerp cfe nored; for the record s' thTthe depression led tn n, V V- ",e Purchasing p of reverse Lr l"''n the a laic-"n ,V ovl'r""u-nt (o Valuation of Services " It is generally agreed that continuing con-tinuing full employment, in the tl,Si ? harV'nJr every member of the labor force continuously at "?rk, is an unrealistic and unattainable unat-tainable standard. When a person cannot make a decent living at his chosen occupation occu-pation or profession, the first in-worth in-worth VS "'V his ""ices are St n tl ?lr5h f employer or o the pubhc to provide him with th-- essentials of proper living. Job opportunities equal to or erTwiVoff thcnu''erofworE Government s.ands ready To pro- |