Show I AHEAD AXES sr BY GEORGE GEORGES S. S BENSON eI College C kl Employment First I I People who work in the fields in mills mines and shops on railroads and in industry generally are to be congratulated upon President Truman's choice of Fred M. M Vin Vinson Vinson Vinson son the new Secretary of the Treas Treas- Treasury Treasury ury of the United States His under under- undertaking undertaking undertaking I taking is enormous delicate and vital But it is my belief that no no- nobody nobody II body else in government is quite as aswell well qualified q to fo handle the job as Vinson I The new cabinet member member knows knows taxes Things he has said already prove that he is keenly aware aw re of two things that are currently the most important facts about taxes 1 High taxes are necessary now and for some time to come 2 Wrongly devised taxes in the United I States can wreck the financial structure structure i ture of the entire world in a I few I months Dark Ages might visit the I I i earth again A Dependable Thing The yankee dollar is one of few known quantities left in the finan finan- financial financial financial cial world While this condition lasts there is a way for weak and depleted deleted de countries to cain l ain industrial and then en fin financial ial siren strength rn The Tn dol dollar dol- dol dollar lIar lar will remain good so long as Uncle Sam keeps meeting his obligations obligations obligations promptly fulfilling prom prom- promises promises promises and paying the interest on his stupendous national debt Our debt is so big and Americas America's moral obligations are so exacting that taxes must be high after the I war much higher than they have ever been in peaceful years before I Government has no way to get mon mon- money money money ey except by taxing its citizens Con Con- Consequently Consequently Consequently the citizens to be prosperous There must musi be full em em- employment employment employment plenty of jobs at good wages wages otherwise otherwise not enough taxes Holding Bolding our Ground The world is relying on the sol sol- solver solI I ver y of America on the soundness I of ne dollar and it all depends on onI jobs Mr Vinson said Taxes I should be levied in such a way that they have the least harmful effect I on the expansion of business invest invest- investment investment investment ment and the creation of jobs be be- because beI I cause productive p employment is the source of revenue which the gov gov- government government government I collects from taxes The Secretary's eye was not on taxes alone In a recently published report he made it clear that pro pro- productive productive employment is the foun foun- foundation foundation foundation dation of Americas America's living standard highest in the world the source of all income and the basis of pros pros- prosperity prosperity prosperity for business and ture We may be assured that Vin Vin- Vinson Vinson Vinson son will always do his best to pre pre- prevent prevent vent ve t ruination of jobs by taxing busi busi- business business business ness to a standstill A Rational Economy Here is a powerful and rational sentence from Vinson's pen The uThe sooner uncertainties in the poet war port po var al tax structure are removed the soon soon- sooner sooner sooner er business management will be inclined to make firm commitments for expansion and the faster men can be put back to work following the wholesale cancellation of con con- contracts contracts contracts tracts that will occur with the un- un unconditional unconditional conditional surrender of Japan Persons who would like to see America in chaos people who would like to see a dictator climb to power over Americas America's wasted estates may caliche call the new Treasury head a friend of big business He apparently is to whatever extent such a friendship means jobs for workers prosperity on the farm customers in the store and food on the table for Ameri Ameri- Americas America's Americas America's cas ca's C lS l'S plain people |