OCR Text |
Show While discussing taxation questions ques-tions it would be well to remember that a change in our laws, making taxable new issues of city, county, state and government bonds would automatically put billions of future wealth on the tax rolls which now and in the future will escape all forms of taxation under our present laws. Further, unless this change is made, capital will steadily be withdrawn with-drawn from productive enterprise; double and treblo taxation will be heaped on property and industry to make up loss of revenue from capital capi-tal invested in these non-productive, tax exempt securities. |