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Show SOAKING THE PUBLIC. Ex-president Coolidge, in his daily writings, propounds some hard questions ques-tions for the politicians to answer. He recently pointed out. the simple fact that when Congress passes laws for spending money, the people will have to pay for them. Also, when congress creates a deficit, the people pay, not the men who pass the laws. The smaller the business and the smaller the income, the harder tax load hits it. The small earner and the small business, in paying rent and buying supplies, are charged with all the taxes that accumulate on land and manufactured goods. So, when a single congress appropriates approp-riates 510,200,000,000 during one session, ses-sion, as did the last one, the man on the street the taxpayer and voter is the one who will ultimately dig up the money to pay the bill. It makes no difference how well the politicians camouflage their tax-raising tax-raising schemes as assessments against the wealthy, as inheritance taxes, excise taxes, special taxes or what-not, the laboring men and women wo-men will feel the effect in higher prices, higher rents, depressed business, busi-ness, fewer jobs, lower wages, or actual ac-tual lack of employment. Tax money does not grow on trees. It comes out of the pockets of the people. You can't "soak" a corporation corpora-tion without "soaking" the consumer, and you can't "soak" the consumer withcut "soaking" the corporation in both cases you "soak" the buying power of the nation and tend to cause depression and stagnation. |