Medford mail tribune. (Medford, Or.) 1909-1989, August 29, 1962, Image 26

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Medford mail tribune., August 29, 1962, Image 26

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Newspaper Page TextMEDFORD MAIL TRIBUNE. MEDFORD. OREGON WEDNESDAY. AUGUST 23. 1962 - II II Your Money's Worth 6 SYLVIA PORTER Copyright, Hall Syndicate, Inc. Bi-Bomb 'Father' Refutes Credit For Big Explosive WHY OUR TAX RATES 'BRAKE" RECOVERY "Why is it that our tax system is now getting so much blame for being a drag on our economy?" asked the intel ligent woman across the dinner table the other evening. "I listened to President Kennedy's TV address on taxes, heard him jndemn our high rates, promise tax cuts in 1963 and reler to how much faster the Common Market countries are growing than we are. But I've not heard a simple ex planation of why the system is a drag and how our tax rates compare with those of Europe." ; These are highly pertinent observations. So here goes with my attempt at a "simple explanation." ; No other federal government in the world takes so big X bite out of the paychecks of workers and the profits of businessmen as our does and this goes across-the-board from Communist Russia to the socialistic and totalitarian nation nj Europe and South America. None hampers employment and production with such confiscatory tax rates as the United States, proud upholder of free enterprise and capitalism. : In our capitalistic nation, for instance. 86 per cent of Ihe government's take comes from taxes on paychecks, profits, estates or gifts. In Communist Russia, in complete contrast, only IS per cent comes from taves on incomes 2nd the 85 per cent balance comes from direct taxes on Soviet citizens when they buy food, clothing, shelter, etc. 3n the prospering Common Market nation of West Ger many, only 22 per cent of the central government's col lections comes from income and capital taxes; the rest is raised from sales, excise taxes, customs duties. In the prospering Common Market nation of Italy, the income tapilal tax bite is only 26 per cent. The closest to the J.S. in relying so heavily on income and profits taxes is Wev Zealand, which collects 65 per cent from these Sources. ; No other federal government In the world penalizes in dividuals or businessmen with extraordinary abilities and ambitions to the extent that our tax structure does. Our top tax rate of 91 per cent on individual incomes is frankly confiscatory, can't possibly be justified on financial grounds, far few individuals who qualify for this bracket permit ttiemsclvcs to get into it. A personal income lax rate which reaches 50 per cent on as low as SI 6.000 of taxable income is distinctly discouraging to individual risk-taking. As for l6c 52 per cent tax rate on corporations, the evidence is overwhelming that this has retarded American industry's ability to reinvest earnings in job-creating activities. No other federal government has held to an oppressive lax structure as long as we have with the possible ex ception of Great Britain, another nation turning in a tluggish performance. Every other nation which slapped on iteep taxes during World War II has long since reformed hem which is what President Kennedy was referring to when he mentioned in his TV address thai "by lightening iax burdens," the Common Market countries have achieved ''full employment and an economic growth rate twice ours.'' No other federal governmen' has "accepted" four reces sions since the end of World War II without its leaders get ting down to work and saying flatly our tax structure is at least partially responsible and reform is overdue. There is no doubt thai our lax rates helped strangle the 1959 re covery for they bit so quickly and substantially into rising incomes and profits that the advance didn't have a chance lo survive. Tax reduction-reform was bypassed in 1960, tliough, bypassed again in 1961, and now it's dead for 1962. Meanwhile, as Kennedy pointed out, during the past 15 months of economic expansion, federal taxes have siphoned nut $5 billion more from our economy than increased fed eral spending has poured into the business stream. This is a measure of the way our high rates tend to brake a recovery almost automatically as is proceeds. In the first half of calendar 1963. when federal tax collections will be at their peak, the brake will be on in earnest and if we don't get the tax reductions pledged for this period, the economic consequences for us could be dismal. Much of this was hidden in the earlier postwar years, when the enormous pent-up demands of the whole free world kept the U.S. heading strongly upward. Now, in this new competitive era Ihe realities have become clear, and, significantly, agreement on the depressing effects of our tax rates is virtually unanimous among informed economists and financiers -"liberal" and "conservative," Republican and Democratic. -PRICE Famous Name Brands COSMETICS & TOILETRIES on Our AR6AIN TABLE Here's your chance lo pick up perfumes, colognes and beauty preparations of all sorts at half pricel Many are one of kind, some ere shopworn others we just plain have too many of and all are of fered at HALF PRICE! CLOSE-OUT Our Entire Stock JACQUELINE COCHRAN MARY CHESS Beauty 12 pnifC Preparations r JfUVaU. All Sales Final-No Returns-No Refunds Sale Starts Tomorrow at Modford Pharmacy Corner 6th and Central Ph. 772-6253 By PETER J. HAYES United Press International San Fra.icisco -l'PI- A few years ago. bushy-browed nu clear scientist Dr. Edward .Teller was asked what Amer ican astronauts would find jwhen they finally reached the moon. ; "Russians," he said. Teller's reply, while succint, :was typical of the Hungarian I born physicist's plain-spoken i warnings on his adopted coun try's role in the power strug igle with the Communist ! world. i Teller, often called the ! "Father of the H-Bonib," is scheduled to deliver one of the feature addiesscs at the National Conference of Unit ed Press International Editors and Publishers in San Fran cisco Oct. 1-2. Left Lab Teller is professor-of-phys- ' ics-at-large at the University t of California and associate di rector of the university's Law rence radiation laboratory. He left the directorship of the lab when he began work on 1 his current book. "The Legacy I of Hiroshima," an account of the era of crisis that followed the dropping of the atomic bomb on the Japanese city. Here are some of Teller's views as expressed in his book and in public statements: - It was "necessary and right" to develop the atomic bomb. But it should never have been exploded over Ja pan only as an awful warn ing. - The United Slates should build a scries of deep, under ground shelters to protect civ ilian populations against the devastation of H-bomb war fare "If we so prepare our-1 selves that a terrible attack could hurt us but could not destroy us, then such an at tack, I believe, will never come." Atomic Mining - It is feasible to use atomic explosions deep under the earth as a means of obtaining raw materials such as coal and iron. Such geographic engin eering would be of enormous help to newly-emerging na tions and as such might con tribute to Cold War strategy. - The price of energy from nuclear power plants will slowly decrease and may eventually be cheaper than conventional plants. But there is little future for nuclear powered locomotives or au tomobiles because a collision could release deadly radioac tive contamination. - The trouble with U.S. education is that too many mathematics and science teachers are content to assign students boring exercises as homework. A solution might be wider use of educational television whereby youngsters are exposed to truly inspired teachers. Too Much Blame Teller disclaims the ' Fath er of the H-bomb" title, de claring that he was Riven "too Fisher Promises Lumber Effort Salem -CPU- A pledge to "keep on top of legislative ef forts to find permanent solu tions to the problems of the lumber industry" was made in Grants Pass Monday by State Rep. Carl Fisher, GOP fourth district candidate for Congress. Speaking at a public coffee hour Fisher said, "I would make a sustained effort to keep Congress aware that the health of the lumber industry is vital to the economy of the Northwest. "I propose that we keep needling, keep talking and keep working until we con vince the congress that the on ly way we will be satisfied is when every po.ssiblc legisla tive step is taken,'' Fisher said. "It doesn't make sense to me that Congress can be so concerned about problems of foreign aid and yet for years has given only a lick and a promise to the lumber industry." much credit and perhaps too 'much blame" for the develop ment of the super bomb. In recounting the story be hind the bomb, he once told how "hundreds of ideas and 'thousands of technical skills" j of the world's greatest scien tific minds went into dcvelop : mcnt of a theory in the late 11920s up to 1952 when the United States detonated the first hydrogen bomb in Eni wetok island. Teller said he would claim credit for the H-bomb in only one respect. When scientists wore divided as to whether it was possible to build it, "1 be lieved and continued to be lieve" it could be done. Educated in Germany, Tel ler studied in Denmark with famed atomic physicist Niels Bohr. He came to this country in 1935 as professor of physics at George Washington univer sity. There he studied thermo nuclear reactions in the stars. Later he was to work in New Mexico on efforts to deplete the fusion that makes the stars shine. He went to Columbia uni Jversity in 1941 and the Uni j versify of Chicago in 1942. At Chicago he played a key role ' in the top-s e c r e t Manhattan i District project, which devel oped the A-bomb. After the ! war, he and colleagues urged I the development of the H j bomb, until President Tru- man finally gave the go ahead j in 1949 when Russia exploded i its first atomic bomb. .-V, 7-10-IM5I 33J4 33 ' tAUIUS y. s ;; 24-31 -32 GtMlNI V 20 26 30-451 ftJ-l-2 CANCtt , JIM ;? JUt.y 23 V 36-37-395! uo . julv : y. Ai-;s 2j ,51-53-58 61 -'65-67.80 82 VIRGO AUG ! 'UA SEPT 3 V) 2- 6- i-lay r ivllw- JK Your Do'V Achxtv According to te V T:'i.-,'1.:., 1? ,y I OO! JO est. J 3 JJ-ifl S7 3 66 73 i KOBiO 7.1P. iQ.H - ' i: 46 87 SAGITTARIUS 1. S. fl,?l A b?-68-75 8U CAPRICORN H- ? 5-1 56 64 ' 7.78 83 1 1-1.1-40 43,f ?3 -41-47-49,-; Board To Abide by i Textbook Decision Portland -'I'PI'- The Port- land School board has agreed , to abide by a Circuit court rul ing that would permit paro ! chuil schools to keep tax-pur-! chased school books at least for the coniinu school vear. The ruling had been made i However, according to the by Judge Virgil Lingtry Aug. j Melnor lawn products comp;.- 16 in favor of parochial school ! ny the tnglish were not ai parenls who sought to block i wa's successful in their gar the school district from with- ! ciening efforts because of tho drawing the books. WKle varieties of climate and Board Chairman William ! sml around the world. Wy Lawns Mark British Settlements in World New York - m - Wher ever the British Empire slak ed its flag, a lawn was sura I to follow. From Capetown J and Calcutta to New Zealand, 1 English settlers have attempt ; cd to fashion lawns from tha 1 soil of five continents. aid the board has been concerned only with the legal responsibilities of the board and has taken no position on the merits of the parochial school textbooks issue. The Oregon Supreme court ruled that distributing text books violates the state consti tution, but the case has been appealed to the U.S. Supreme court. PRETTY GOOD SYSTEM Bristol, England -OTH- A re tired British couple who hit the soccer pool today disclosed their system. Mr. and Mrs. Ellis Jones said cover tho names of the teams on tho card with a sheet of paper, then stick a pin in it and "hope for the bet." They won $173,000 Tuesday on their 35 cent investment. Formaldehyde New in Wash, Wear Fabrics College Station. Tex. - ilTh - Formaldehyde, that chemi cal so much in evidence around biology laboratories, is bringing improved wash-and-wear qualities to cotton fabrics, the Texas A and M college extension service says. A new process being studied by the textile finishing indus try uses formaldehyde 'o bind together cotton's cellu lose molecules to give a more durable finish to cotton Used in w ash-and-wear cl' thing. The formaldehyde treated fabrics showed no tendency to yellow in tests, the exten sion service said, and did not discolor when subjected to chloride bleach. As a participant of the City-wide Sidewalk Sale Appliance Mart promises outstanding bargains on all appliances, television and stereo for the next two days. At these prices the merchandise will not last long so hurry in for the best selection. WE WILL BE OPEN 'TIL 9 p.m. THURSDAY & FRIDAY. ' " - " - - - utrinm iTiiiei n inni'r t Best Way To Ba There! 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MODEL 23L74W j & 1 YEAR GUARANTEE ON PICTURE TUBE 90 DAY GUARANTEF ON OTHER TUBES AND PARTS 90 DAY FREE SERVICE SYLVANIA -built to deliver NEW-SET PERFORMANCE FOR YEARS! 268 f hrtfLoint RANGE Compact 30" Width Huge Oven Capacity All Calrod Elements Lift-Off Oven Door Rimmed, No-Drip Tcp Pushbutton Controls 1 WITH TRADE You can't match Svlvania standards or quality, reliability, serviceability. Space-saving HaloVision contemporary con sole features two spcaVers and exclusive Svlvania Halol i(tht. (irain-finishetl to match mahogany or walnut, furniture. Picture tube 23 measured diagonally, 275 sq. in. icing area. '.:!' i MODEL 23V( 9 vV.-.-.pir miT J.WI1, it iifV iriftiiiVlr.iVMi.iiiti i ,ii iiihii I Hkrlqpxrird: Refrigerator Compact . . . Only 28" Wide No Frost Refrigerator Zero-Zone Freeier Super Storage Door Shelves Two Glide-Out Shelves Full Width Porcelain Crlsper Magna-Seal Door Gaskets Rolls Out for Cloaning WITH TRADE ON THE SIDEWALK 'Til 9 P.M. Thurs., & Fri. at 132 So. 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