Show Inches Become Feet Feel The Tho tax cut has been almost universally herald herald- heralded cd ed That's natural everyone likes to see more money in the tho pay envelope But that shouldn't blind us to tho very dangers real that dangers exist And their name namo is inflation The price index has been inching upward year after l year ear Inches in time become feet And the tho number of dollar bills in that pay envelope is less important than what they will buy It is expected that a new wave of wage and fringe benefit demands led by the setting pace auto workers will soon occur The governments government's economy program begins begets to look more like a political strata strata- stratagem stratagem gem than the real thing So the stage stag is set for another wage price spiral that could more than thun wipe out ont the tho tax reductions must of us will receive The dollar is worth something like 40 cents now as compared with past times Unless fin an aroused and knowledgeable public demands the necessary measures mea mea- measures and safeguards theros thero's no telling how much more erosion will take place |