Show POWER TO DESTROY DEST llOy dantel warning that the power to tax la Is the power to de dt detroy troy la Is looming ever larger la in thu tho winds of th laking state legislatures giue have adapted urging thai a limit of 25 3 per cent be placed on re luerul income yut gilt and inherit ailee wes Is lauds leaola resola cioll ehla was waa originally adopted ty by tile Awe taxpayers assoni lucillia luc iulia the proviso thai lagrew could lilt lift the limit la in cue cam of war at it may levy mill and wildet up to 71 au per cent of in hi comes ol of individuals aud and C ordwa bious every effort has haa been made to anake people believe that 1 l taxes ou oil 14 lg la Is ft a W way a y to isaak avak th the orich rich industry must pusa pass taxes tuxes ou to tho consumer cou sumer taxes puss pays be bujia infinito costs coata rise rbee falls excessive taxes ua on force individual weurth to seok refuge lu in nonproductive duc tive tax ax free low cst bearing abear government securities tim it the me total income of all those receiving anoro thuu than in iwa 1038 were ivero taxation cent of atit bould pay the lost of the I 1 for less lesa than 15 days dayal I 1 and we oue of the greatest dangers inherent in high federal taus Is tho the tendency to states rights by seizure of luanie that belong to the th states aside from overy other consider I 1 adivi I 1 excessive lacea defeat the very purpose fur for which taxes are levied revenue it Is a pi oven ayt fit as a walter lippmann Lipp manu has bus out that lower tax rates by making private invest mont profitable alu eventually yield a larger revenue revace out of a larger iiii national aanal income by reviving investment tho 1110 national income cnn bo be bi increased creased only by a revival of private aul and private investment divestment can call bo be veil by enhancing private profit and private profit can be enhanced only by taking loss less of the profit ln inal taxes axes meanwhile the uncontrolled pay pa W vv er to tux tm can call destroy our liberties just jusa iia as effectively as uncontrolled deficit spending |