Show YOUR PROBLEM A labor union official has urged that the government immediately increase taxes to the extent necessary to produce a year in additional revenue he said further that this should be done by increasing the rates on business and on taxpayers in the higher income brackets and that the lower income groups should not be hit here in essence is a restatement of the old soak the rich principle the main trouble is that we got enough rich current tax rates on big incomes are extremely high and if they were raised to a flat per cent the increase in revenue make a dent in present and prospective budgets extortionate taxes on business would soon defeat their own purposes by curbing industrial expansion an and d depriving enterprise of needed initiative tia tive the investor with all chance of a profit eliminated would close his purse and keep it closed moreover when we tax business to the confiscation point the worst effect is found in the smaller enterprise which is trying to expand and possess the reserves markets and other re sources resources of the big concern we have reached the point where more and more of the cost of government must be borne by the small and middle bracket taxpayer whether we like it or not taxation today is the average mans pr problem eblem not just the rare rich mans it makes no sense to delude ourselves with illusions illusto ns which have no basis in fact |