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w--— A Time To Be Heard
(From the FARM JOURNAL)
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Every thoughtful American favors a defense program that will keep the U. S. free. The big defense job alone means high taxes. However, let’s leave that to one side. Let’s just look at the nondefense picture.
The Federal non-military expenditures of our government in 1930 (were $2.7-billion. Last year they were $27.8-billion. Ten times as much! Was government ten times as useful to the people? And every dollar of taxes comes, one way or another, from the earnings of the people.
The Administration has encouraged the illusion that heavier taxation will reduce the inflation. Thats’ the natural idea for the power-hungry politicians around Mr. Truman to adopt. They get to spend the tax money. They spend all they get and more. If taxes do not take it, people can spend it themselves, or save it.
Can you explain why it causes inflation for you to spend a dollar you earn, but does not cause inflation if the government spends it?
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