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Show TAXES VERSUS INCOME. Apologists for the growing burden of taxation often state that the rise in taxes, when measured by the rise in our income, is not so important as it seems. Yet a recent editorial in the Syra-! cuse Post-Standard shows that federal, fed-eral, state and local expenditures are now five times as great as they were before the war. Tax collections, consequently, con-sequently, have risen in the same proportion. By contrast with this, the prices received by fanners for their products pro-ducts are but 2 per cent above the 1910-1914 level and the real wages recesivqd by industrial workers are but 21 per cent greater. The cost of taxation has risen more steadily and more rapidly than other costs borne by businesses and individuals. indi-viduals. Where, not so long ago, a national debt of one billion dollars1 was regarded as being dangerous, we now face a federal debt of over $30,000,000,000. All units of, government govern-ment have gone on a spending; spreo, and have doled out billions of dollars, much of which has been used for projects pro-jects that were neither necessary nor ' desirable. They have issued bond after af-ter bond apparently not realizing that the bonds, which amount to mortgages on all property, must eventually be paid, plus interest, by diiect or indirect taxation of the people. Taxes menace savings. They menace men-ace jobs and investments. They strike directly at the welfare of every work-i er, every farmer, everyone who owns a home or has a dollar in the bank. Rising taxation is a towering barrier, in the path of recovery. . |