Show halt ila L tax tricks of Super wealth aim of roosevelt administration no disposition to ruin real wealth by EARL GODWIN D C lobby ution washington ests against the administration tax bill cry that it would crack the economic structure of the country but the thins thing that impressed me ine was the story told by robert bobert 11 II jackson treasury tax expert ue showed that with all the massed wealth 1 in the united states there la Is a dangerously large section of american families with less than enough wealth to get along on a very narrow class of americans who just make the grade and a dangerous and growing concentration of wealth among a very few those are symptoms leading to trouble they are not relieved at all by the trend of taxes which are moving away from the class able to pay and toward the class which Is just able to make the grade all roosevelt wants to eo 60 Is to put the tax burden more equitably on the american people As the file bill passed the house it would raise it may be changed by the file time it gets to tha th president for signature but Is not a tax that will crack the economic structure of the country unless it Is added as a further burden on the purchasing power of the great mass of the people there Is no disposition in this tax program to ruin real wealth or kill the goose that lays the golden egg or to do anything else foolish it is apparent that super wealth has ways and means of avoiding the proper pr proportion opo of tax and the administration wants to correct that in addition to making a step toward the balancing of the budget dont you remember how the senate fount found out that certain wall streeters had discovered a av way ay iy of selling their property to someone la in the family in such manner as to make it appear that they had suffered a huge loss and thus escape income taxes in years when they made actual millions we well that trick has been c outlawed and from that section of the community the government has collected in income taxes heretofore evaded but even with this inequality corrected there has been a dangerous shirt shift or of the tat tal burden from the well to do toward the array army of folks who can just barely make the grade this Is a dangerous trend and must be corrected or there will be real trouble right now there Is an organized attempt and very successful to scara people into the belief that the tax bill will wreck industry and stop the wills mills thereby shutting off the payrolls which in turn will cause widespread poverty there is no such ruination within miles of the administrations tax bill but there 1111 will be ruination if the bill 1111 passes with any added burden on the mass by taxing the ie peoples ability to consume that Is the favorite proposal of large interests and it sounds good but it lays a heavier proportionate burden on the tha small man and Is socially unsound take the gas tax which runs up as high as eight cents a gallon that is a tax on consumption and it imposes a heavy burden on the fellow trying to scrape along with a car making a few hundred dollars a year while hile it la Is nothing at all to the hundred thousand dollar a year man with a whole fleet of pleasure cars tax experts have pointed out that in 1933 1033 the year that organized federal relief became necessary in order to feed people the die number of with incomes of 1000 or more a jear ear apiece Increase I atom 20 to 50 they point out too that large incomes from fortunes in this country hae bae a tendency to grow larger with each year it Is not necessarily true any more that a goes from to in one generation nor that a grandchild can spend all a grandfather can make and save sate trust companies anti anil legal lights now know liow how to keep the tha family fortune growing faster than spendthrift heirs can get rid of it these things are true according to tre preisur imury sur figures despite the stock market crash of 1929 which mined so many wealthy people the administration tax program offers a lower tax rate to sn iiller corporations po rations tons and a high rate to the elephants of 0 business like the united states steel corpor corporation atlon standard dOll oil companies and the american telephone and telegraph company the same trend toward concentration appears among the corporations treasury figures show that 53 per cent of 0 corpora corporate tp wealth Is owned by CIS corporations po rations which Is only one fifth of 1 per cent of ill all the business corporations ju in the country 0 0 0 A CHEERFUL NOTE on one of those torrid weekends which make inake washington a steaming caldron I 1 jumped into the old automobile and motored high up into the mountains of west virginia to spend a couple ut of days in representative jen DID s COD congressional gressional district which Is practically all moun bains nod ald valleys through which run chers of rare beauty there in a tiny hollow us ua they call 14 it in uw mountains we stopped at a country store where they take eggs and farm produce for money and let the customer work it out in trade it was far off the main highway and we fell to talking to the pers wife who was vias in high spirits we have been here thirteen years she elie said and we have made good now that they have put a hard surface su on route 28 we are going down to rocks and build a new store and three or four cabins tor for campers and fishermen there Is going to be a lot of new activity here now that the government has opened up this territory so different from vie hie doleful moans of the politicians around here who are trying to make believe the government has done nothing for an one 0 0 0 0 0 0 HELPS PRIVATE INDUSTRY electric light company lobb hobbyists lobbyists isis hive hire been complaining that the government Is treading on the toes foes of private utilities especially because of TVA this Is the vast government experiment in publicly owned power plants plant lants I 1 in 11 th the e inland empire known as the tennessee valley against which power companies have been lighting fighting bitterly ever since the muscle shoals dam was built for the production of war time nitrates but a glance at some odthe recent reports down there shows that the TVA in promoting the use of elec electric trie appliances has helped private industry the tennessee electric ENec power company private corporation in the heart of the tennessee valley has just received the edison electric institute award because it has established one of the most remarkable kable sales increases in power in ID the history of the electrical industry 11 this tennessee power company reduced rates and went in for a tremendous drive to sell low priced electric appliances which were financed through a government financing agency y known as the electric farm and home authority in ten weeks jt t had sold electrical refrigerators refrigerator S S stoves to e a and water heaters beaters which was one fourth as many as it had sold in the previous 12 years this Is a good example of what this government Is trying to do with its 1 various electrical experiments get 1 vate rate industry to expand and let the mass of people have the benefit of the enormous power supply at cheap rat rates Cs TVA Is being hullt built to khov just jus t what w I 1 lat can be done but if enough privately owned companies get a move on and do the thing thin themselves this government will be s satisfied the president has granted the new rural electrification administration under morris clorris L cooke to extend electrical power into rural areas by loans to farmer cooperatives and other units which will undertake rural electrification 0 41 0 at NOTHING TO LAUGH OFF rhode island always a political enigma filled a vacancy in the house by sending to washington washing ton a republican with a rousing majority from a district which had previously sent a democrat there was a change from democrat to republic republican ca n of OW votes nothing to laugh off republicans republican s cheered said it indicated the trend of national opinion just as an olt off year election in michigan in 1931 sent a democrat to congress from a rock ribbed republican district next year the whole country went democratic but were internal troubles in the bhole island democratic party which worked to the advantage of the republican candidate for congress in the democratic party of pawtucket rhode island for instance only 2201 votes were cast out of re registered Is voters republican publican lie leaders here were quick to charge their victory to rhode rs Is lands antipathy to the process processing log tax my lly investigation leads me to believe that the processing taxes bad little to do with it but that the campaign was a fight between two men in fact I 1 am told that sir mr iash the successful candidate was nas surprised at his own election lie he had been a law pa partner r aner of former Represent representative atly e frank B condon of rhode island a great democrat and on more than one occasion appealed for votes on the lie fact that he be had been associated with condon 0 0 0 RULING THE COLONIES we paid for the tiny danish west indies changed the name back to the original virgin islands and have used them continuously since 1017 1917 as a complete demonstration of american inability in colonial government we try to run our colonial possessions by yankee political ineth methods introducing the yankee up lift and american business efficiency and fall utterly if there eer was truth in the saying that the least berned oer ned people are till the best bes governed people it Is true in the case of colonies owned by large countries rome excelled in thit th lt sort of thing in her day rd england land excels tn in it today but uncle sam appears to be the prize I 1 dunce of the world when it comes to running a poor little group of islands with fewer feer people than the average middle west county there are less than people on the virgin islands president coover do any thin thins with the islands sent a college president named paul pearson down there who has tried to uplift the natives in true american fashion be remained there during the roosevelt ISoo sevelt administration until a few weeks ugo ago alien lie he and the island judge T weber wilson were swept out by roosevelt nho mho was tired of hearing nothing but political bicke bickering bicKer ln iob both men were given line jobs here in wash ington investigations will follow but the file real should lits bi our ability to run the place e C western Weft tero union |