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Show Page 4 Friday. Match 8. 195? THE UTAH STATESMAN LOOKING AHEAD THE TRILLION DOLLAR QUESTION In measuring the efficiency of an economic system for a nation's people there are two basic questions we should ask: (1) Does it produce adequate goods and service? and (2) Does it equitably distribute its. goods and service? Be cause of the spread of economic education during recent years mauy people today are aware of the fact that our American private ownership, free enterprise system produces 42 per cent of the wealth of the world although we have only seven per cent of the worlds population, only six per cent of the land area, and only a proportionate share of the worlds natural resources. While mdny Americans are aware of these facts, a far greater number are not; and comparatively few can properly answer our second basic question does our system equitably distribute its production of wealth? The answer, of course is: Yes, it does Its distributation is based on the contributation each citizen makes to the production of goods and kets and processing plants with raw foodstuff received 6 per cent. Stockholders got 4 per cent. People owning rental property got 4 per cent, and bondholders received 3& per cent. But, you may ask, what about dollar income to families? In the last year for which we have official figures, there were 50 million families in the U.S., and these families received an income of $272 billion before taxes. Forty percent, or nearly 21 million families, had incomes of from 30000 to $6000. Fifteen million or 30 per cent received $6,000 or more. These two groups contain 70 per cent of the- population. - And The Remainder Of the remining 30 per cent of the families, approximately 14 per cent received from $2,000 to' $3,000; llper cent and about 5 per cent under $1,000. Many farm families, retired persons and pensioners, whose cash income does not truly reflect their living Utah National Guard To Choose Queen A galaxy of Utah beauty stars will gather Saturday, March 16, in Salt Lake City to compete for the state title of Miss Utah National Guard. Contestants will represent the 5,500 Guardsmen from throughout the Beehive State. Each candidate will compete on e indithe basis of a vidual talent demonstration and appearance in bathing suit and formal evening wear. They will also be judged for personality and poins. The third'annual contest will be held in the Little Theatre of the Hotel Utah in downtown Salt Lake City. Utahs Miss Guard again will represent the state in the Cherry Blossom Festival in April at Washington, D.C. She and her two attendants will be entered in the Miss Utah Contest this year. Retiring Queen is Cheryl Palmer, Brigham City. , three-minut- standards, are in these lower income categories. The big fact is: 85 per cent of all income went to 93 per cent of our families. In services. other words, the great bulk of Culivating Distrust The facts to prove that this income goes to the majority of is a satisfactory as well as an families, in the middle income equitable system are not general- range. ly known, however; and this lack It is well to more closely exof understanding permits the amine income the bracket. upper Socialist and Communist propaSeven cent of the families in per gandist and their dupes ' to sow America incomes receive of doubt and in some cases distrust more. 3 And only per in the minds of millions of Amer- $10,000 or e cent in are the icans. Doubt and distrust, if cultivated by the sly schemers, can be bracket.e If all of the income in the after than 50 cents a day from that source. If all the net income in r the $25,000 category were to be evenly distributed, each of us would get only 15 cents a day. And without these upper categories our own present income would soon start to crumble for it is from these brackets that come a big portion of adventure capital or investment money to build new manufacturing plants and start new businesses, creating new jobs, and making good times. These are important facts. bracket, converted into hostility, even taxes are were Do divided paid, your children understand among otherwise good citizens. receive less would each them? Those who want to uproot our America, mrnrnmr AM I HU1 ill WTT M kfrgm American system seek first to turn our own people against it. It is easier then to get socialistic measures adopted and centralized governmental power so that a few can rule and shape the destiny of our 170 million people. Therefore, Lets examine some facts which every citizen should know about the American economic systems distribution of wealth documented fact3 from the Department of and-ove- $15,000-and-abov- $15,00(X-and-abov- w . wide-sprea- d Heres Bourbon as mild and light and free from bite as the most expensive imported Scotch and Canadian whiskies yet with a magnificent flavor h Bourbon! found only in flne Kentucky Switch to this Light Straight Bourbon -- its Americas fastest-growin- g kind of whiskey. Wed be proud to have you try it. Youll be delighted! Sour-Mas- Commerce. Who Got What? In the 25 years ending with the national income in America was $3 trillion, 780 billion. Who got all this money? The wage earners and salaried people got 65 per cent. The self Employe-ed- , professional people and small business operators, got the next biggest share, 9K percent. Corporations received per cent (before taxes.) The farmers and dairymen who supplied food mar- 1955, CLASSROOM SHORTAGE . . . An opportunity to testify before the Subcommittee on General Education of the House of Representatives as to Utahs need for federal Education of the House of Representatives as to Utahs need for federal aid for school construction was given me Tuesday. NO COMMENT . . . I pointed out to the Committee (Continued from page 3) that, as of this year, the state is vast extension of federal power. short 1,289 classrooms and by 1961 In this instance, many repre- the shortage will be 1,579 classsentatives of business are vigoro- rooms. This critical need for usly opposed to any extension of classrooms exists even though Utah is one of the top three states coverage under the wage-hou- r law. The Eisenhower program, as urged by Secretary of Labor Mitchell, is the extension of law coverage of the wage-hou- r the light Bourbon you can stay with KENTUCKY STRAIGHT BOURBON 86 PROOF $1956, GLENMORE DISTILLERIES COMPANY "When Perfection of Product Is Tradition' Louisville, Kentucky within what he terms reasonable and constitutional limits. The Mitchell plan would cover about 2,500,000 more employees. He says the basic is to expand the law to enterprises which are substantially engaged in interstate commerce. This contrasts with other proposals to cover about 10 million more people. The column, NO COMMENT, should not be regarded as neces-sarlreflective of NAM position or policy, for it is reporting of incidents and conversations which its author thinks might be of general interest. y which I will work are watershed protection, increased grazing productivity and improved recreation facilities. I will continue to serve as a member of the Poultry and Eggs Subcommittee and the Research and Extension Subcommittee. FARM SURPLUS DECLINES The Agricultural Department is predicting a 25 percent increase in exports of farm products for the year ending June 30, 1957. The volume of these exports last year was the largest in 30 years. At the same time the Commodity which spends more than four per- Credit Corporation surplus stocks cent of her income for the support are down for the first time since of schools. 1951 (a war year). FAMILY FARMS NOT DYThe principles of equalization ING inBig Corporation farms and incentive for state effort cluded in the Presidents message arent swallowing up farmland. on school construction have my These larger farms are actually and full support. shrinking in average size as out arent farms dying family FORESTS SUBCOMMITTEE some claim, a study by Jackson With Utah ranking 10th among V. McElveen of the USDA rethe 48 states in the amount of na- veals. tional forest land with 7.8 million The family farms make up the acres I was happy to be appoint- same proportion of the nations ed recently a member of the farms as they did 10 to 15 years of the ago. The farms that are disappearForests Subcommittee House Committee on Agriculture ing (nearly a million in the last to help frame legislation which 10 years )are to a considerable will be important to our own extent small farms whose operstates as well as the West gen- ators have never made an accepterally. able living, even with good farm Amcng the primary goals for prices. |