OCR Text |
Show The Enterprise Review, June 23, 1976 Plage 6b Gas Supply Operations Uniformity Threatens Free Enterprise Continued from page lb from the entire working force. As a result, the insurance principle in the program has all but vanished. The report shows that transfer payments now account for one out of every seven dollars of personal income in the United States. Last year transfer payments totaled $175 billion and were equal to 14 of total personal of the state's total personal income. Transfer payments in the United States have more than 13 quadrupled over the past ten According to the years. Foundation study, they are one of the major elements in the expansion in government over the dramatic escalation of these outlays, and the way many of the programs have been operating. At the close of 1975, approximately 60 million recipients were receiving cash benefits under a variety of income maintenance programs. Other participated operations and the huge indirectly through deficits that have been programs, such as medicaid, incurred. medicare, food stamps, school Foundation analysts lunch, public housing, etc. The report also expresses income received by all indivi- observe that while there has duals in the U.S. In Utah, been general acceptance by the concern over the effect that transfer payments totaled American people of the idea of transfer payments have had $593 million during 1974 and assisting the poor, the. aged, on reducing the nation's abilan estimated $731 million in and the sick, there also has ity to raise funds for future 1975. This was equal to about developed growing .concern capital expansion which is the indispensable element for free enterprise to provide productive jobs. Leading government economists have projected the capital requirements of the nation over the next ten years at $4.5 trillion. This is the sum needed to move the U.S. economy back to its historic growth rate of 4 per year and provide, adequate job opportunities for the growing population. According to the study, capital formation is essentially the willingness to forego current consumption in order to achieve future production. Transfer payments, in effect, reduce the amount of savings available to meet the capital needs, because they raise current consumption without 25 So. 500 East increasing production or pro"in-kin- d" HELP WANTED Stockbrokers currently licensed with the state of Utah. Part or full time. Chatham Securities Corp. 531-033- ductive capacity. Last year the assets of the 7 Vs rr LJL in Assumed 500 largest industrial corporations in the United States averaged $37,929 per employMountain Fuel Supply ee. Since this figure is based Company announced this on historic costs and does not week the appointment of Don adequately reflect the effect Cash of Littleton, Colorado as that inflation, technical im- the new head of the gas supply provements, and government operations. He succeeds J. T. requirements have on capital Simon, executive vice presiexpenditures, Foundation dent in charge of gas supply, by Cash analysts estimate that the investment needed to equip new workers in the future will be significantly greater than this average. Failure to meet the capital needs of the U.S. economy could lead to chronic shortages of goods, continued inflation, high unemployment, constant upward pressure on interest rates, elimination of many small businesses, and increased social unrest and class conflict. As a result, the study indicates that "a policy advocated by no-grow- some individuals is completely b. V VM W . employed by Amoco Petroleum Corporation since 1966. While at Amoco he was involved in the economics, planning and completion of drilling operations from Alaska to Oklahoma. Cash will assume the position during July 1976. In making the new appointment, company president B. Z. Kastler acknowledged "substantial contributions" made by Mr. Simon to the development of oil and gas in the Rock Mountain states. Partnerships zzzrrr , I 12451- - Weixler 313 E Street, Interprises, SLC, Ut.; 313 E St., Werner Weixler, SLC, Ut. 12451 Koch Leasing Co., Gordon Niederhauser, 2384 S. 3270 W.; Elliott J. Lee, 337 No. Center, American Fork, -- i H retirement. A graduate of Texas Tech University, Cash has been unrealistic." The Utah Foundation report concludes by pointing out that unless the private sector of the economy is 12448- - Five G's Limited, John encouraged and allowed to Galanis, 4457 Gilead Way, grow, the productive re- . SLC. sources of the nation will dry 12449- - Jordan Heights Limited up and every one will suffer in Partnership, William D. Osthe long run. The very people wald, 2047 Princeton Drive; who rely most on government Catherine Dimas, 127 West would ' suffer if most largesse 8th So.; B. Lloyd Poelman, the productive economy be2066 Hubbard Ave.; Wilbur R. comes unable to meet the Jefferies, 1062 E. 2200 S. SLC, increased payments for not Ut. 12450- - Broadbent Investment producing. . Co. Ltd., 2635 St. Mary's i Way; T. Ray Broadbent and Edith S. Broadbent, 2635 St. Mary's Way, SLC, Ut. ' iuJI - th who has elected to take early . Ut. . 12453- - Petersen Land PartnerS. Max Petersen, Roger ship, K. Petersen and Ray L. Petersen355 W. 7200 S, Midvale, Ut. 12454- - AIta View Estates Partnership, 336 S. 300 E, Kirton Land 5 Inv. Co. Charles R. Kirton. 12455- - Intermountain Farms Ltd., 26092 Getty Drive, Niguel, Ca.; Robert J. Swan, 16109 Rocky River Lne, Cerritos, CA. La-gu- 12456- - Evergreen na Enterprises, 1067 E. 300 So.; Robert D. Irvine, 1067 E. 3300 S., SLC, Ut. 12457- - EImo W. Taylor Co., Elmo Taylor, Dan Taylor, Ellen Fish Taylor, Wilma Gibby & Kay Sagers, 11076 S. 1700 E., Sandy, Ut. 12458- - L.J. Paul Family Partnership, 2359 Simpson Ave.; We think the TV late news is aptly named. So is the Late Edition of your newspaper. Because by the time you get it, it is late. KWMS 1280 doesn't have any late news. Ours is all up to the minute, 24 hours a day. The world's largest news gathering news team lets you know what is happening around the nation and around the world. And we'll let you know what's going on around ouf town with all the news, all the time. 1280 on your AM dial. Jeanne Heath, Sunnyvale, Ca.; Virginia P. Kelson & Leslie Dixon Paul, SLC, Ut.: Steven Rank of Los Angeles, Ca.; & Sara Anne Rank of Grantsville, Oh. 12459- - Greenwood Investment Company, Orren J. Greenwood, 1375 E. 9400 S.. Sandy, Gerald Orren Greenwood, 8569 S. Escalante Dr., Sandy, Ut. |