MEDFORD 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
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Our Entire Stock
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MARY CHESS
Beauty 12 pnifC
Preparations r JfUVaU.
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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,
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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
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