Salt Lake Telegram | 1926-03-03 | Page 7 | Follow the Leader

o J A- A I F Follow allow the Leader w 1 W TH ITH the federal government adding another anil an an- il other r slice to tax reduction it would peem I cm that the various states and cities and other ther taxing units cannot much longer defer The Ile economies the nee needs s of which have been sQ SQ apparent in III the last few years ears When the tax tax trend was upward the cities and the state states ere ore quick to follow the national lead but ut s ce ca the federal government began a a content con- con sj tent tent campaign for retrenchment they have p bean ceu inclined to ignore the national precedent and go their own merry way High taxes are arc good only for the l They are arc bad for business and indus indus- y and nd have a depressing effect on employ employ- Jent ent notwithstanding the fact that they are conceived in some instances with the idea of providing public work to absorb idle men High Bigli taxes interfere with the progress and Development of the unit New capital seeka seek seek- Ul a place to operate shuns the section I t at t is given to taxation which is more or lq fes s s l t L-i L Moreover high hig-h tax rates serve to S 11 i a vicious i i cir circle le from which which which- escape is diff dif- dif f c lt Where tax taxes s are high ownership is discouraged n and the citizenship naturally sect ks investments and locations which will relieve re- re lieve e the tho burden High taxes tend to make meal fereal fC l estate a drug on th thc ma market ket vitally 1 affecting ting values and encouraging residents to seek locations elsewhere In the final filial analysis this means only that the tax load must be carried by fewer people jand aud this in turn makes higher and higher taxes necessary Eventually the cities and states must follow the lead of the federal government Taxes are arc too high and it would be well for public officials to appreciate this face before the public is aroused to determined determined deter deter- mined ined action Sound progress ss and develop develop- me t constituting the foundation of prosperity pros pros- h are dependent upon public tax policies are not antagonistic to thrift thrift f. f and industry