Show elliis 11 coot l 1 IS 19 IN 08 in ili a recent column collin lil i hugh johnsoa common commented toa on the law diminishing ro returns turns tile tho baslo basic conot af 0 t that thai law ito ho said Is id that rates of taxation can bo be so BO high as to deific out ago our bustness business and other incentives to cro nto ate wealth dealt ll 11 tax above this limit no matter low how high thoy go gd will result in lower rather than ro to tile tho taxing and tho the lini in rava nuo line will go BO relatively faster and farther than the increased in ili rates of bt taxation alth with taxation paramount in tho the headlines next to war and with congress debating tho the now new treasury revenue bill 1111 tt it should ld I 1 a thoroughly unter understood stood by that wo nye have reached aljo pt of tho the goose talat tays laya 1119 golden ogg the can call tax tac tile tha gold golden on legout of 0 existence dut but it cant create a new liew goose tho the government can an tax productive product ho industry to the point where all incentive to progress ki aaa Is destroyed and tile the government and the people will ina find f that hat tile the vory very foundation of andl individual fro freedom adoni and opportunity has also been destroyed des hoyed progress comes collies out of oe risk men take ch chances anees they play long shots allots in tile tho hope of oe malting making it a profit every great industry vo know waa a long shot gamble once motors electric power oll oil mining n go down the list a and nd find that chat nii all those choso vast enterprises were nvere little experimental enterprises once risk capital made them pos possible and so at made possible this kind of a country taxation can boso bo so applit applied A that tho the ability to pris progress prioress ress will disappear it if tho the so called cd profits tax la Is so increased that business Is deprived of the tha money needed for expansion ment and development production will seriously gumfor tire are facts which congress must keep in ili mind tax problem aut amounts to raising the needed revenue without destroying the economic and social system wo nye are battling to preserve pres orve |