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Show The Paper That Dares To Take Page 2 The Utah Independent November 20, 1075 arnca The Constitution, Liberty, OUTLOOK Independent MARILYN MANION TOTAL CONTROL OF CONSTRUCTION Morality, and Truth Dear Editor: House in passing HR5900, the Secondary Boycott, has started another attack against the citizens of this country. The Where the Spirit of the Lord is, there is Liberty This measure would II Corinthians 3:17 legitimatize union stoppage of work on any job for their own reasons whether real, fancied, or KERSHNERS COMMENTARY trumped up. By Dr. Howard E. Kerskner At tlx Foot of tlx Class issues a monthly bulletin The United called TREASURY PAPERS. The current issue contains several articles written by Secretary of the Treasury, Honorable William E. Simon. In one of the States-Treasur- y articles we read: During the 1960s the United States had the worst record of capital investment among the major industrialized nations of the free world. As other nations have channeled relatively more of their resources into capital investment and have acquired more modern plants and equipment, they have eroded our competitive edge in world markets. Our record on capital investments reflects the heavy emphasis we are placing on personal consumption and government spending as opposed to savings and capital formation. Our record also reflects a precipitous decline in corporate profits since the . . . our future economic growth will be tied much more directly to the adequacy of our capital investments. . . it is relatively clear that in coming years we will have to devote approximately three times as much money to capital investments as we have in the recent past. mid-1960- s. To put the matter into sharp focus, let us remember that from 1962 to 1973 our capital investment program reached a total of about one and one-hatrillion dollars. We must treble this to a total of about four and one-hatrillion dollars during the next ten years if we are to keep our place among the industrial nations lf lf of the world. . . Wc could not pay our way during the past decade because wc were spending too much and not saving enough. Now the task is harder, for the public debt has risen to well over half a trillion dollars. The interest alone on this debt is expected to run about $36 billion during fiscal 1976. Answer: consume less and save more. Economics Department NORTHWOOD INSTITUTE J mm The Utah's Largest and 57 I I Fastest-Growin- Oakland Avenue g older than months 2 12 for SI. 00 I l Subscriptions: USA $10.00 per year Foreign $15.00 per year The Name Address 1 I independent I Subscription Weekly Salt Lake City Assorted copies Stand READERS Dedicated To The A . Utah 841 25C 15 each Take a project like the Alaska Pipeline, which will employ men and women from many unions. If one of these such as the cooks or stationary operators, for instance, decided to strike, they could shut down the entire project. This would enable a union to paralyze any industry or endeavor. But this tremendous power, however, is the smaller impact of this bill. The other and most dastardly effect is that this leverage could be used to force every workingman and woman to join a union and pay dues or they could not work. This would give unions total control of all construction, manufacturing, utilities and all operations in America, including Police, Post Office, Firemen, Military, etc. I was paying Union dues in 1922 and am not against Unions as such, but since the amalgamation of the CIO and the AFL they have The become too powerful. legislation that should be considered at this point in time would be to bring unions under the antitrust laws and make them function within the boundaries of the state where the work is performed, and not be able to cross state lines. I believe it is shortsightedness for any politician to cater to a union as a bigger vote than the rest of the people. It must be remembered that only the liberal leftists will vote solidly with the union bosses. The others, which in my opinion are 90 of a union membership, will vote for the American way or at least vote as they please once they are in the voting booth. Most union members would be grateful if you could break the stranglehold the unions have and get them off the members backs. Please write or wire your Senators and ask them to kill bill (Senate Office Building, Washington. D.C. 20510). Verne Killian Nephi. Utah 84648 I I GOVERNMENT UNLIMITED 12 for $2.75 Dear Editor: I am sick and tired of hearing 25 for $5.00 50 for $9.00 100 for $17.50 UTAH INDEPENDENT I I politicians on the radio and T.V. expounding on the needs of Congressmen and government. their phoney remarks about the necessity for growth in the number of government w orkers under their direct supervision in Washington (called government aids), plus the power struggle between so-call- ed the executive branch of government and the legislative branch. Here are the statistics, in just ten years government employees of congressmen have increased from fifty-fiv- e hundred (55(H)) to over nineteen thousand (19.000) at the present time. Such an increase has Cnnf mnrri on page 10 WHY JOBS ARE SCARCE week in you read Last column test imony of this the government tax revenue than in most other free E.T. nations, where it ranges from two to eight percent. This compares, by the way, to the U.S. take of slightly more than 1 1 percent. All of this makes us believe that the reversal of the Federal corporate tax is certainly called for, because if we dont get some kind of encouragement were going to run into the same difficulty, when consumer demand again develops, that our basic industries are in, such as our chemicals, our metals, and our energy industries. They will just not be able to handle the requirements. This being so, we will again have inflation and again probably this will, ironically, lead to a clamor Collinsworth, Jr., given as he spoke over a Manion Forum radio program. Collinsworth, President of Bliss & Laughlin Industries, at his company, it requires about $46,000 worth of capital to produce one job. He further stated that the Federal Government, by its taxation explained that, policies, is discouraging all possible sources of capital that might go to private enterprise. The result is that new jobs cannot be created. Our only sources of capital, said Collinsworth, are private 'investors, corporate depreciation reserves, pension funds, and corporate retained earnings. Our opinion is that each of these sources is currently being discouraged for investors by government discouraged. are Other equipment much more lenient need, Our government should be taking steps to encourage businesses to invest and increase their capacity so we can have more jobs for the future. -- American Way Features government allowances which are currently dictated by U.S. tax policy. Reader's comments and questions arc welcome. Please write us at The American Way Features , Box 1098, Pigeon Forge, Tennessee 37S63. retained earnings is the last source of capital. That is whats left after dividends and after a Corporate tax rate which is a much of replacement. and through their tax policies have encouraged these companies to reinvest in equipment. Here, our tax policies are just the reverse. All of this adds up to the fact that we have not been able to keep up with the competing nations of the world, and that shows up in the decrease in our productivity within the last ten years, relative to other nations. their depreciation percent governments depreciation rates. They have accepted the fact of reserves. Again, these are very heavily penalized here, relative to other free nations. This is due to much larger the so aptly Theyve allowed companies 1971. We would suggest, if not its elimination, then certainly a reduction to a maximum of 50 percent tax on interest and dividend income. Next, there are the depreciation has much more sensitive to the problems of today than there were in smaller more been have stockholders corporate which capital increasingly discouraged by the capital gain tax rates, which is higher than most other countries of the free world. Investors are also discouraged by double taxation on their share of corporate profits. This combined with progressive income tax rates of up to 70 percent on their dividends may explain why there are more than one-thir- d less individual and government intervention as the source for the very government tax policies. For example, we think private more total NONE GET OUT ALIVE Some live their life like the mountain climber who reaches the highest peak, but not to stay there, only to get there. To others, life is like a super-highwthat gets them from there to here, but so what? Some never leave the back alleys, though theres really nothing to stop them. Others, like farmers, cultivate the fields where they are, and such feed the world. their hand out Many travel through life like hitch-hikerwhen their thumb isnt. And then there are the good sojourners, not trying to get anywhere, only trying to be where they can be doing the most good, and of all men they have not lived in vain. -- J. Kesner Kahn ay s, -- f ; . r 4 |