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Show THE COMMON PEOPLE PAY Reliable statistics show that with $32,000,000,000 in tax-exempt public pub-lic securities national, state, district the difference in the earning power of the average tax-free security and that of taxed industrial property is about as 8 to 5; industrials must make the larger percentage in order to complete with the tax-free holdings. hold-ings. This forces an unnatural scale of prices for everything that is made by industry; and prices are now and will remain high until all investments invest-ments are brought to parity, by taxing tax-ing all incomes from investments! alike. j W7hy should there be any tax-! exemption in the United States? |