Show TOO MUCH WEALTH NOW EXEMPT PROM FROM TAXATION it 1 that there Is out taid ing a total of of bonds entirely or partly tax exempt from which the government govern neat receive receives no rev denue the congressional way ways and mean means committee ie Is considering proposals for a constitutional umen amendment dment prohibit ing further of f tax exempt at e entities cn ritie it ie Is estimated the amount of out standing itan tUng county end and municipal tax tree free bond bonds bb ab approximately 10 in adI addition tion the government receive receives I 1 L revenue front from worth of tax exempt bond bonds the tax exempt securities comprise about one tenth of the country wealth if tax exemption exempt lom of flerna bonds fouli could be abolished the government would receive additional anna anabil LI revenue of approximately the evil evils of tax exempt securities was we bummed slimmed up in a e few nordby pree pres ident harding in hie his recent to tari gress when he balds the drift of we ath into ton tax able securities ie Is hindering our indu tre tries anat and carr carrying ing until we are discouraging mhd very attl vit ettli make our out wealth no raan man ever wholly understands bow how it happened that the eum slim princess neets of 0 hill hi early youth turned out to he lie the fat fatima of his middle a |