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Facts Forum News, Vol. 4, No. 3, March 1955
File 004
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Facts Forum. Facts Forum News, Vol. 4, No. 3, March 1955 - File 004. 1955-03. University of Houston Libraries. University of Houston Digital Library. Web. October 29, 2020. https://digital.lib.uh.edu/collection/1352973/item/769/show/703.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Facts Forum. (1955-03). Facts Forum News, Vol. 4, No. 3, March 1955 - File 004. Facts Forum News, 1955-1956. University of Houston Libraries. Retrieved from https://digital.lib.uh.edu/collection/1352973/item/769/show/703

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Facts Forum, Facts Forum News, Vol. 4, No. 3, March 1955 - File 004, 1955-03, Facts Forum News, 1955-1956, University of Houston Libraries, accessed October 29, 2020, https://digital.lib.uh.edu/collection/1352973/item/769/show/703.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

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Title Facts Forum News, Vol. 4, No. 3, March 1955
Series Title Facts Forum News
Creator
  • Facts Forum
Contributor
  • Evans, Medford
Publisher Facts Forum
Date March 1955
Language eng
Subject
  • Anti-communist movements
  • Conservatism
  • Politics and government
  • Hunt, H. L.
Place
  • Dallas, Texas
Genre
  • journals (periodicals)
Type
  • Text
Identifier AP2.F146 v. 4 1955; OCLC: 1352973
Collection
  • University of Houston Libraries
  • Facts Forum News
Rights No Copyright - United States
Item Description
Title File 004
Transcript tax until about twenty years bad passed. But when Roosevelt eame alone.' and for the first time used the tax weapon on a gigantic scale — demonstrated the technique of buying votes with the voters' own money — the old American system vanished.8 Each administration since Roosevelt —which means Truman and Eisenhower —has used the federal income tax in the way and for the purpose lhal Karl Marx prescribed when he wrote the Communist Manifesto. The Communist Manifesto says that if governments in the capitalistic countries would adopt steeply graduated income taxes for the purpose of redistributing the national wealth — that is, imposing a higher rale of taxes on people who have been successful and who have accumulated some holdings, and a lower rate on those who don't have very much they would, by that act, create Socialist societies, because, in destroying the accumulations of private wealth, they would dry up the sources of private capital and destroy the system of private capitalism." SOAK-THE-RICH APPEAL This Communist idea eef graduated income lax has always been politically popular, because it has a pleasant, soak- the-rich appeal. But soaking lh«' rid, raises relatively little revenue, because there are relatively few rich people to soak. Most of us who pay taxes are poor people.'" Although people in the top income brackets today pay the federal government 92 per cent of their earnings. it is still the people wilh small incomes —stenographers, bookkeepers, truck drivers, sleelworkers—who pay over 80 per cent of the cost of government. If the government confiscated every penny of every income above ten thousand dollars a year, the proceeds would be barely enough to run the feel- era! government as it now operates for two weeks. —Wide, World Pholo Chief Justice John Marshall (portrait by James R. Lambdin). Pace 2 —Wide World Photo* In 1934 (left), President Roosevelt signed the dollar evaluation bill and took immediate steps to put the new monetary system into effect. President signed bill in the presence •' his monetary advisers (left to right): Herman Oliphant, of the Treasury Department; Secretary of the Treasury Morgenthau; Eugene Black, Governor of the Federal Reserve Board! Professor George Warren; George L. Harrison, Governor of the Federal Reserve Board °' New York, and Professor James Rogers. At right, photo shows the first and last pages of rh* $3,553,400,000 fax bill, the largest that had ever been enacted, after FDR signed his nan"' to it in September, 1941. It was designed to defray the costs of the national defense and lend-lease programs. Of course, the man who has the most property should pay the most taxes, because he gets the mosl protection from government. If your income is twice as much as mine, your taxes should be twice as much as mine, because you have twice as much value needing the protection of government. But there is no legal, moral, or economic justification for your having to pay four or five times as much, as is lhe case now under a tax system built on the Com- iniuii-t principle of graduated rales. Federal income taxes arc gradually achieving lhe Communist ideal of transferring all capital wealth from private individuals to the federal government, leaving our economy entirely dependent em government capital. We are- converting our system of private capitalism into a system of state in government capitalism. Private capi- talism is the system that built America. State or government capitalism is the system that Mussolini had in Italy, Hitler in (iiiinany. the Communists in Russia and China." Today, there is hardly any major undertaking planned without the federal government's being asked to provide financial backing. Yet the debt of our government is already bigger than the combined indebtedness of all the other governments in the world. If a city needs a lake for its water supply, it asks the fed,-reel government to provide it. If a region wants a canal, ii asks the federal government to dig it. Slum clearance project? Gel the money from government. The government of India wants some wheat'.-' Get it free from Uncle Sam. Four young couples who vole rigW and who have "pull" want to lake "" expensive vacation together traveling through Europe? Fine! Our Foreign Operations Admii1' islralion rig- up a ridiculous inspection trip fur thru, so they can take iheir trip ai government expense.18 YOU PAY FOR IT! What does "at government expense? mean? 11 means lhat you pay for jjj When the governmenl spends llf million dollars lhat, of course-, doesn' come from you. because vein eleen'l ha*' lhat much money. But the one dollar or Iwo ,I,,liars «' five dollars taken <„il of your che4 each payday, along with equivalent sums taken away from every other ]"'''. son in the nation, goes into the feel'1-1 pot. And from that pot. lhe I,ureal'' crats gel Ihe money with which ll"'- finance "al governmenl expense" trip5* and other benefits fen the people l',f right people.1' The two or three dollars lhal y0" would like to lay aside each payday, * feei the vacation Irin von I"11 up always dreamed of but could ih'V afford, is never quite there for you- The governmenl always heals you it—takes il out of your check hef"' yen, ever see your check and >'"'' use's ii iee provide a really g I va<al"" trip for someone else. Wilh practically every person th'- nation dependent in one way or anotfj on governmenl handouts, subsidies, ;1"1 contracts, can the tide be turned In" It could, but il would require sin"'" FACTS FORUM NEWS, Marcl u aaStt. PACT
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