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Show RAPS "SLACKER WEALTH" , "Money that should be at work in industry and agriculture is loafing in tax-free bonds." So says Senator Arthur Capper of Kanas, a leader among the Progressives of the upper house of Congress Con-gress and publisher of a number of farm journals with a circulation running into the millions. In last month's issue of Capper's Farmer he urges the curtailment curtail-ment of tax-free bond issues, which, he asserts, can only be done by constitutional amendment. ' Tax-free securities," says Senator Capper, "are coaxing capita! from industry so it may evade bearing its share of the burden of the World War cost and of government. The wealthy are getting out from under and leaving, the average citizen to struggle with the terrifically ter-rifically heavy tax load." It is pertinent to remark that the remedy does not lie solely in a constitutional amendment. Such a source may be beset with obstacles. ob-stacles. Immediate relief rests with the taxpayer himself. He can refuse to vote for more tf.x-free bonds except when they are necessary neces-sary for schools, roads or sewers. |