Show WE PAID THE TAX FOR MR MORGAN tile the most moat startling news in many a day was waa tho of J P morgan that lie ho paid no income tax for or tile the years IHO 31 32 it was also startling because it proved beyond qu ques as ion th that at somo som hank diang la Is wrong with both our income tax law and tile the system of collecting the tax it was alsto startling because it proved that morgan la Is not tile the infallible financial genius we were taught to bellevo believe lie he was trapped and badly singed lit in tile the stock market crage perhaps hla his advice to investors Is worth considerably less lesa than we lint had thought morgans testimony before the senate committee committed and tile the adels slona of ills his office manager will cause a storm of bitter protest wo will believe that hat morgan did not receive a substantial income during the years in ili which lie ho escaped the federal income tax trite morgan blundo blundered red into the d depression jast ju at like the tha rest of ua its lie iio ninde made the same saine sort of dumb mistakes with ills power and wealth as 09 compared to the majority of hla his fellow Ante americana deflated though morgan may bo be he still has ills hla black yacht hla his castles and his blit ut hayi that lio lie should be permit ed to slip bill out of income tax not Is 9 tragically unjust to the rest reat of 0 us its what morgan did NOT pay the vest ost of us ua paid the government which protects nil all of us its and our rights must go eo on true prosperity cannot bo be rs ress re ss it ft fairer distribution of wealth to bring about tills this dioro dioro equitable distribution la Is the keystone of the roosevelt now deal roosevelt however cannot succeed unless the morgans morgana and their ilk ik are forced to realize that they have it duty and required by what vv ver means la Is noc necessary essary to perform that duty that Ro tolt knows this explains his determination to push the ho morgan In tion despite the frantic protest from wall street the duty of congress con grosa Is plain tho the gaps in the lie income tax law must be plugged so that no mor ran gan will ever again escape without paying a thin dime of income tax toward tile the support of the nation that protects him in his privilege go of amassing vast wealth wash ington county news |