Show IT MIGHT alight VE HE i something in ili the lie late president wilsons Wil sons message to congress ba back ck in ili 1018 1918 hils has even greater tion today than it did then the congress Cou gresa might well con alder president wilson declared whether the high rates of income and profits taxes can in ili peacetime b 0 effectively productive of reven tie ne nuil ami fw whether bether they may not on oil the contrary be destruct destructive ivo of 0 business iness activity mid and productive of waste inefficiency there Is I 1 u point at which in III peacetime high rates of income and profits taxes dla courage energy remove tile tho incentive to now enterprise encourage extravagant expenditures and produce duce industrial with consequent unemployment and other attendant evils 11 in other words its IV just juat na as harmful to continually mistreat Illi alic booso that lays the iho golden eggs r industry us it la is to lall kill it outright theres nn nit analysis lost none of its sharpness with the passing your year I 1 |