Indianapolis Times, Indianapolis, Marion County, 14 November 1948 — Page 5
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SUNDAY, NOV. 14, 1948
‘Someone Has to Pay
For Extra ‘Free Money’ Promised in Campaign
Public Will Begin to Feel Load in Form
' Of Still Higher Taxes,
C. of C. Points Out
By HAROLD HARTLEY, Times Business Editor
Citizens who listened to the sweet music of campaign
of more “free money” in various
promises forms from the government’ are
their pencil stubs over the prospect of increased taxes. x broader social
The promises increased old-age
insuran rts—but all will cost additional billions. Strangely, tax experts say, neither candidate spent much time that these additional benefits come * from the people’s pockets by way of taxation. Instead, the candidates] talked of what the people would] get, not what they would pay to get them. #The tax - computing Indiana State Chamber of Commerce estimates that in 1929 the wage earner sacrificed about two Weeks’ pay on the federal tax altar. In 1939, he paid six weeks’ pay to keep his . government going. In 1941 he| was paying seven weeks’ pay to the federal government. And this year he is paying 11 weeks of his income into the U. 8. Treas-
Government Gets Big Slice
The war cost, the debt residue and higher administration costs figure in the $42 billion annual federal budget. But when another month’s earnings is added for state and local taxes, it adds up to three months and a half the average wage earner toils for his government. Howard Friend, research di-! rector for the State C. of C., said | thé country has not seen the Vlast of higher taxes. He points] out that the nation is reaching a tax load close to the danger, point of ability. to pay. His-| torically, this has had profound effects. ! This caused the fall of the! Roman Empire, France, Czarist! Russia, and even was a factor in the American Revolution. But to pay the increased bene-| fits promised in the presidential] campaign, the wage earner will have to dig much deeper than the perilous 25 per cent. What May Be Coming If Mr. Truman follows through with his campaign, promises here’s what's coming in increased taxes? Higher Old Age and Survivors’ Insurance payments, with a broadening of the field to cover farmers, service workers and employees of small industries (less than eight employees), will increase the Social Security tax from 50 to 100 per cent. This i8 now on a 1 per cent basis. If it goes to 11; per cent, and the base is broadened from | $3000 to $4200, the worker's tax|
ments will jump from $30 to fire equipment was rushed to the s63 a year. Ea BD ie is 0 of decks and were still shuttling the
‘the employer's payments. This means $126 a year additional fed-| eral freight must come out of production costs. | It is estimated that the federal] budget will pass the $50 billion mark by 1951. Then add to this the cost of federal housing projects, public sickness benefits and health insurance, and federal aid to schools, and it can be seen where the citizen is wrapping for himself a considerable bundle of taxes. Then there is the proposed per-| manent disability benefit program, to be added to the present retirement program, in which totally disabled persons will be paid fed- * eral pensions regardless of age. It is estimated by tax committees that this alone will add another 115 to 2 per cent tax on pay rolls. Real Load Comes Later The real tax load eomes later. Social security is not old enough| to have reached full maturity of; its payments. . .
The maximum burden under; ager for the BR. R. Mallory Co.,
"the highest estimtute hus been fig-) ured at $41150,000 or 3.11: per
to 20 years ‘privive esumates put)
were pleasant—| security coverage, pension, federal aid to education, public health and sickness benefits, public housing and increased farm
payments on the extended basis of well over $15 billion annually, taking in not only social security, but the whole federal benefit package. , * How much can the taxpayer stand? © The - answer most economists give is, “Hel pay until the taxpayer gets hungry.” And that, experts point out, may well be the end of high taxes, and the economy itself. But more important, how much debt can the government stand? . Big debts demdnd prosperity and high taxes. A depression can bankrupt a debt-ridden government as fast as it can sink a business. “So the government, piling up
benefits, adding unseen, but sure-|
ly not unfelt taxes, is betting on
continued ° prosperity to enable
Red Purge Mapped In Canada's AFL
oo Task Expected To Take ‘a Year CINCINNATI, 0. Nov. 13 (UP)—The AFL today opened a| drive to throw the Communists lout of the Canadian Trades and
told a news conference that the lexecutive council will meet tomorrow with a delegation of AFL unionists from Canada to plot the drive. The job is expected to be completed successfully In a year. The decision to oust Commun-+ ists wag reached at a special council meeting’ in advance “of the opening next Monday of the AFL’s 67th convention, Mr. Green said the convention will adopt a permanent political education program, plan new
steps toward labor unity and re-
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THE INDIANAPOLIS TIMES
Candid Camera Shots
Thess candid-camera shots are typical af the varied personality expressions of Andrew Jacobs, newly elected Democratic cor-
-
PAGE 5
of New Congressman
b Die in Alaska As Planes Collide
15 Men Injured Near Fairbanks FAIRBANKS, Alaska, Nov. 13 (UP)—An Air Force C-47 transport crashed into a B-50 bomber ion take-off at Eielson Field near here last night killing six and injuring 15, the air base com-
{mander reported today.
Col. John L. Nedwed, commanding officer at Eielson Field, said the accident occured yesterday as the C-47 was preparing to take off for its home base at Elmendorf Field, Anchorage, Alaska. :
gressman from the Indianapolis District. They are proof that he can talk and eat at the same time, and smoke one of a dozen or
more of his’ pipes in between.
The congressman-elect is an inveterate pipe-smoker, using the devicesmost of the time to put over a
point of argument with smoking gestures. He will have plenty of gestures ready when the new Congress meets.
Welcome, Stranger POTSDAM, N.Y, Nov. 13 (UP) Out-of-state motorists parking on
the wage éarner to carry his! steadily increasing tax load. Meanwhile, business*has some. 96 taxes coming due during the; year, with many more due =
day of the year, such as cigaret| taxes, estate taxes, etc, and 11 coming due regularly every! month. |
) Dead, 6 Hurt | In Ship Explosion
Blast at Tacoma
Remains Mystery TACOMA, Wash., Nov. 13 (UP) An explosion rocked the Dieselpowered vessel Los Angeles kiil-
ing two crewmen and burning seriously at least six others: today. . An engineer was dragged dead from the hold. Another member of the crew was taken to a local! hospital but was dead upon ar-| rival. He was identified as Ralph DeFloure, 35. : The Los Angeles was tied up here unloading cargo when the blast occurred. The blast started a fire which was quickly controlled. Identities of the injured were not known immediately because most of the men spoke only Swedish. Most of Tacoma’s police and
injured to the hospitals an hour after the explosion. The cause of the fire and blast was not yet known. The Los Angeles belongs to the. Johnson Steamship lines. The
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vessel, reported to be one of the LT Nati / Ra i RYT was to have left for Europe to- : morrow. * It was reported that the Federal Bureau of Investigation was making an investigation. Schricker to Address ; Traffic Club Dinner At Left ; : + Af Left ond Governor-elect Henry F. The railroadman must have walch of spiit second accuracy. Hamilton has: this ior tHE lady who wants a waich that's lovely and | : of the Indianapolis Traffic Club at one, 23 jowels, $71.50. bere's the Tesco Ring Walch, 17 jowels, $71.50, | the organization's 41st annual| w / dinner at 7 p.m. Tuesday in Clay- b ? pool Hotel. : A » luncheon for out-of-town] 2 . ’ industrial executives expected to ' ® At Right attend the dinner meeting will be At Right held. in the Marott Hotel. 4 : ; Time on her lapdl combines a watch with a brilliant rhinesione William Fogleson, traffic man- For men whose lives are governed by the clock here's the maichiess pin, $29.75. : : . BTU Phaldent? Kone Vulcojn alarm wrist watch—fhin and accurale, $120. i Macklin, vice president is chafr- §... .. ...." . # : % . man” of the. arrangements tom- | + . fine s . : mittee. : : : Tr vy i 2 Cee : : ° Ta : ~f : & ; ¢ Kus + i ¥ " . , 3 * : At Left i ; AL Le 5 Sparkling: diamonds To-grace the wrist of fhe loveliest giris— A waich that can fake ifl For soldiers, sailors, marines, sportsmen! Seli-winding, ¢ in 14-Karat gold—Elgin, $150. - waferproof,-shockproof anfimagnetic—17 jewels, $71.50. / At Right / : At Right man of distinction demands diamonds, 14-karat gold. Here's For the lovely lady who is near waler—swimmer, housewife or nurse—the In precision Gruen, $200. waich for her is this Crofon—17 jewels—waterprool—luminous ‘dial—smart and practical, $49.50. | | } 5 ’ At Right | And here's the climax of waich-making genius—a fine Chronograph with a circular slide rule—measures elapsed timo—divides—multiplies— $1 HOLDS ideal for sporismen—engineers, draftsmen, ec. 17 jewels, Brectling Chronomat, $110.00. ; YOUR LAYAWAY | ‘TIL CHRISTMAS ear from day | ~ USE YOUR CREDIT AT ROGERS At Left Up to a Year to Pay Simulafed diamonds in a fine fimepiece. Combine beauty and 5 . No Interest economy—17 Jewels, $62.50. No Carrying Charge ¢
vestment Certificates
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Lorris Plan
110 EAST W
ASHINGTON
Oh, and fof nol forge! the kiddies. They'll gel fun and excitement out of the practical, colorful waiches depicting Walt Disney characters. Here's popular Mickey Mouse, $7.65.
All prices include federal tax.
.
At Right
The doclor requires a sweep second hand fo fime those vital heartbeats. Here's a handsome Bulova, 17 Jewels, $42.50.
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police department. “Hello, visitor. village.
ining pina
It sreads: Form Hurricane Club [the night of the great hurricane, Welcome to Suk) BOSTON, Nov. 13 (UP) — A|Sept. 21, 1938, and stayed at a This tag entitles you to unique organization is the Hurri-| Back Bay hotel. THe club's an-
store the title of vice president'Potsdam streets are tagged with park as long as you please in|can Club, composed of lane mua), banquets are held at the
to executive council members. la green greeting card from the | Potsdam.” =
yk who were unable to get home on|same hotel.
(WiZeves YOUR TASTE
:
(WW iteves YOUR
YOUR grandfather was satisfied with a heavy, bulky pocket watch, but modern liying demands specialized timepieces tailored to fit your individual needs, taste— and budget, too. Visit Rogers today and select just the RIGHT watch from a COM-
PLETE assortment. Here are just a few examples proving the geniu watchmaking at Rogers!
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Yow’ll Find the Right Watch at ROGERS
The nurse needs a sweep second hand alse, combined with a waich flattering fo her
cet, 545.
“We don't know what hap|pened,” Col. Nedwed said. “It was very dark. An inves.igation board is standing by.” | Col. Nedwed said the names of [the victims and injured would be withheld until ‘notification of next of kin. Victims, he said, were aboard both planes.
NEEDS
s of modern
At Right