Show go 00 WHERE WHERE DOES THE HONEY GO It is most difficult to apply appi a tax which bleb does not not- hit bit the man mano manof manof o of moderate means with greater force torce than the rich man At 1 prest pres present ent congress 1 is debating the Mel Me Ion tax w reduction designated to toI I tellers elleve Industry of o man many of Its tax as burdens Tie The secretary or orthe the be treasury alms to cut down surtaxes to 25 per cent but con egress con gress gress is disposed ed to retain a high higher or r rate rale on the assumption that the concerns with mth big profits should do most moat In paying the costs costa of government It would be a good bno nove e it Ir that end could be bo ej eJ but the m men n of or r great wealth Iare are eI vesting investing In heir their surplus la ju tax lax exempt securities instead of rein reinvesting reinVesting I vesting in business j The Henry Clews Clew weekly finan- finan i Wal al letter leller touches on this point tend lind in the following shows thattie that lt Sue tie e consumer after all pays pass pa s theair the Tax air x T- T It It is readily seen that the man r nJ nd woman of o moderate means 1 Isho ho pay the butcher grocer and andr other trade merchants for tor InI in increased r creased cost of living supplies and I rho pay their landlords monthly rentals i double what they were bere be- be 1 re high Income taxes tues were wele in Inaugurated Inaugurated are Indirectly shoulder shoulder- shoulderIng Slug shoulder Ing the burden and are in reality he although probably probably y not fully realizing the Hie cause calse There here late lare consumers In Inthe in the United States and while of this number comparatively tew few render tax returns to the govern went ment yet every man woman and thud is obliged to contribute l his hisor s sor or her share in ta the revenue bus bust bust- busting lug bust Ing system now employed as the tax buck in trade is undoubtedly passed on to the consumer zones Jones pays the freight but who pays pay Jones It Is obviously the consumer The Tho class clus hardest hita hita hit a class by Itself Itself-Is Itself is the widow and orphan not in trade who are dependent for tor their competence upon the Income derived from ordinary or- or or ordinary securities which they hold They not only In many cases share a s portion ot or their Income i I WIth the government but are ire sub sub- BubI subject subject to the Increased cost of living I In the same same manner that their their neighbors n are The tax levy levy- levy lag I levying ing scheme is leveled against the rIch and while this may be allright all allright allright right why keep so eo high that tb the man of wealth find finds It to his fils adv advantage to invest his funds 11 d tax exempt empt securities in order to ta a a old paying them 1 The only ansy answer er to that is ra conr con congress gloss gress ess should do away with tax w ex- ex exempt ex exempt empt securities Then the rich richman richman man luan of large Income would bo be to reinvest In industry or treed end his bis money out of ot the coun coun- country iry coun-iry try But there is no country as melting as that of ot the United States in which to Invest even Its heavy income tar tax to It is quite evident after sev several ral rali i ears of high surtaxes that the business and Industrial interests are being taken care of In some manner If It big hig fello fellows fellow a lu Ju finance He dropping out or reducing their Investments others are takings taking s r I their their places as the tho wheels of Industry continue to turn The money going Into tax ex- ex exempt ex exempt empt securities Is 18 building roads improving cities beautifying the count It is a question as to what extent money should be dl- dl di diverted to public works Only when the mone money goes out of the country does it cease to stimulate human efforts and open avenues s of employment I |