Show A TAX TAX DESTROYED DESTROYED BUILDING Up to a short time ago a 20 story skyscraper stood in the famous Loop district of Chicago Chica Chica- go A business man was offered the opportunity to buy uy it for I And he turned it down I Since then the bu has been wrecked and the lot it it stood on is being used for a i parking space i This amazing little story appeared appeared ap ap- recently in the editorial columns of the San Francisco I Call Bulletin As the knowing will have guessed the trouble with the building was taxes 1 They came to a year I 1 I And the owners were vere in arrears arrears arrears' 1 an entire year To continue to to 1 operate they would have had to pay payout out The rent return return re re- turn didn't justify it I And the result W Well Il everyone everyone every every- everY I one lost The owners O of the i building who had invested 1 money in it and were finally II forced to destroy it in self de self self-de-I 1 the city which was out thousands in taxes and lastly I Ithe j the general public which must make up the taxes the building i would normally pay I This is is the old story of un- un taxation and it has been told a thousand times I I Bankruptcy unemployment industrial in 1 i recession slowed community com com- com j I I progress these progress these are the 1 inevitable of j i j property taxes It is time our makers law-makers read the handwriting handwriting hand hand- writing on the wall hand I |