Show SOUND TAXAT TAXATION ION by DR NICHOLAS MURRAY BUTLER president of columbia university I 1 IF F A tax be fairly and equitably levied upon individuals and undertakings in accordance with their ability to pay and with the lowest possible exemption to the end that every one who votes for those who are to spend public money shall be tax conscious and therefore quick to resent and rebuke governmental extravagance we e are on sound and wholly defensible ground when however the power to tax Is used for the purpose of punishing individuals divi duals or groups or for the purpose of effecting whether consciously or unconsciously economic social or political revolution then every prin principle princia cip which the american people hold most dear Is under attack and in danger of fatal damage or overthrow |