Show washington snapshots one of the nicest things that can bo be said about the report of the national resources commit tc tee on 0 i income distribution is that it gives washington sot something li ething to talk about besides purges preparedness and panaceas at arm waving parlor pink teas it is held up as absolute proul proof that one third of the nation is un der privileged because another class is over privilege ged hence it becomes an arg argument for socialism in more serious discussions however the many flaws in it the report are discussed and the flaws are so important that its value as a factual document is subject to serious question 4 aport criticized criticize d 1 for instance the report purports to show tile the under privilege ed third haj had an annual average income of only but the report was based on a sampling of only 1 per cent of tile the total population ula tion not scientifically chosen furthermore IS 18 states and 2900 counties were not even sampled it appears to some that boniv the ilow low income areas could have been studied to top even that the report compared total rather than net incomes it made no reference whatever to the proportion of big rent ger incomes taken by the government in federal taxes alone running high as 83 per cent still further the report found about families in the nation put that alongside automobiles registered and see that a considerable portion of the underprivileged under privileged third was at least able to drive automobiles up to the pay check windows funny money a newcomer to headlines is an old timer around washinton washington ton at least 90 per cent of all ahe the theories proposed by the cap and gown boys in recent years as a business stimulant have rested on the need for money funny money if you prefer hence gold buying legislation authorizing the enforced purchase of treasury paper by tile the federal reserve and calling for the printing of more greenbacks green backs now comes the federal reserve board reporting that there is about 40 per cent more money in circulation this september tran at the same time in 1929 that there is 25 per cent more money in the bank accounts and that we have about per pear cent more gold than we had in the most active financial year in history then the reserve board points out that although bank deposits are near an all time high tile the turnover of these deposits is at the lowest rate on record frozen money I 1 many washington observers believe lie ve the answer to the economic problem lies in that last item about turnover they suggest that the question therefore should not be how can more money be provided but how can people be persuaded to use the enormous supply of money already available all ot of which leads back to tile the theory the theorists refuse to accept that the count rys job cre abing capital wealth is frozen by tile the fear of future uncertainty most economists estimate there are millions of jobs in private enterprise ter prise held up by restrictive laws and arbitrary taxation theres a new perpetual motion cycle being talked about aroun around 1 washington its described as the philosophy of some politicians tic ians to wit that the unemployed should be kept unemployed to bo employed politicians could remain employed employing the unemployed lest the politician becomes unemployed |