Show SIMPLE ECON ECONOMICS ICS A wl witness aness before one of the congressional committees has produced some figures well worth the careful cm of ill study of every american they have a direct bearington bearl bear ingon ngon ev erb ei odys well being the witness testified that from to 1030 1930 american business corporations paid taxes amounting to although in tile the same period they had bad taken in only above operating in costs in III other words income only half enough to pay taxes the balance had to be made mada up out of reserve rescue capitol and by cutting into operating budgets which in the final analysis gets down to i job abs and wages ages and there Is where comes into the picture ame of tile the had bad to give nl e up tip their jobs or accept pay cuts so that money could be used to inako up the tax deficiency others sell their goods to the business men because that too was needed tor for taxes maii bian funnels farmers had to contribute to tile the deficiency for they could not sell their products to either the manufacturer or to unemployed workers in ill reality in cap ital was confiscated fr for governmental expense had it been left to circulate in its normal eban channels nels it would have kept many of th the now idle millions on industrial pay rolls and anda kept the economic cycle from jamming |