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About Taxes

(Continued from Page 10) come for example-are necessary to fight inflation' Yet the proposed bill puts the greater emphasis on incomes from hvJthousand a year, up. Everyone knows that the huge increase in earning capacity in this emergency is with people who earn UNDER that figure. It is there that peolle-"t" getting from two to five times as much as they ire in the habit of earning. It is that group of many, many millions that is making the war money fly. If inflation comes from civilian purchases, it comes largely from that group. But the proposed new law would lighten the burden on the grouP where the germ of inflation is found most frequently. They even Propose to abolish the Victory tax which hit that lower income grouP hardest. Instead of being a tool to fight inflation the proposed law would, according to most students of its provisions, encourageinflation.

The other day the head of the Social Security Board came before Congress to urge that Congress do not again suspend the impending increase of 100 per cent in the old age pension rate of take from employer and employe both' He ofiered but one reason for this request; namely, that now while they have it is a good time to get it. Anyone who can read knows how this money is handled. There is no secret about it. A tax for the purpose of old age protection of our citizens, it goes into the Social Security :strong box by the hundreds of millions of dollars. It ,doesn't even get a chance to bounce off the bottom before it is taken out by the Treasury, an I.O.U. left in its place, and that money raised for a specific purpose, is used for everything under the sun. What the employes and employers of this country would get in return for doubling the rate, no one knows. All that would happen would be twice as much cash being lifted from the Social Security strong box, and twice as many I.O.U.'s placed there instead. What Congress will do remains to be seen.

In addition to raising inJ trl""*e tax rate, Mr. Morgenthau ofiered a tremendously enlarged Social Security program, at enormously increased rates. Under its terms the Federal Government would do for every citizen most of the things that have up to now been considered the everyday jobs of citizenship. Our people would be "bottlefed and rocked to sleep and ordered around in everything they do," as one Democratic Congressman has already said about the proposal.

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