Show Legislation vs Payrolls Nineteen hundred and thirty one one will see the legislatures of four states in regular session It is a n safe assertion that four forty-four sets of tax laws will be formulated four Forty sets of tax laws Jaws will be made on general business in the great game of Raise the Mone Money It is recognized that while the state has no source of revenue except taxation no economic law Jaw operates more ruthlessly than the Law of Diminishing Returns and no one factor serves to stagnate Industrial Development so effectually as misdirected and unscientific taxation Concerted effort in the development of natural resources will ill create the necessary sar values as a 8 basis for sound taxation while avoidance of legislative interference with industry will promote harmonious relations between men of capital and holders of natural resources Industrial counties invariably carr carry the burden To continue assessing higher and higher levies on existing industries is to penalize thrift and drive capital elsewhere To survey and analyze the flow of goods in and out of a state and th then n to scientifically predicate necessary development la is a n practical method of h ing assessable value and of securing additional pa pay rolls which latter in turn supply industry with working capital and result in prosperous stores improved markets for farm produce and avoid the imposition of burdensome and destructive tax measures As Confucius once said Good government obtains when those who are near are made happy and those who are far off are attracted From From the Mining Congress Journal |