Thursday, April 24, 2008

Against Taxing Wealth

1916

The high priests in their search for some vital and appealing issue against the Democratic party have hit upon another dangerous one.

They are squarely on record, as the Post pointed out yesterday, in opposition to the eight-hour day for railroad workers, and the other working men of the United States are asking themselves what this ominous assault means. Nor can they be blamed if they become convinced that the Republican party is identified with the capitalists and the big "interests." Or if they feel that logically Mr. Hughes and a Republican Congress — if such should be the results of the election — would at once move to repeal the railroad eight-hour law. The bosses can only blame themselves and their candidate for the feeling that the party has no sympathy this year for the aspirations and hopes of labor.

But there is another issue just as likely to burn the fingers of the G. O. P. orators and leaders. It is opposition to the taxation of wealth.

Already the business has begun. Assaults on the income tax law here in other States are now under way. The people are being told how iniquitous it is that the south pays so little of this tax and the north so much, as if that were some fault of the law. The logic of this is almost incredibly clumsy.

Our extraordinarily rich and prosperous northern states, Massachusetts among the rest, pay more income tax to the support of the federal government for the simple and sufficient reason that the wealth is here to be taxed. There isn't a southern state but would rejoice with exceeding great joy if from its borders went to the national treasury at Washington as much money as goes from Massachusetts, for that would mean that it was rich, that many of its citizens had great incomes which were doing their share in the Federal support.

Idle wealth was never justly taxed in these United States until the passage of the Democratic income tax law. On the shoulders of the poor rested by far the heavier burden. Now come the Republican stump speakers and attack this fairest and squarest form of taxation ever devised on the absurd ground that it is "sectional," keeping silent about the fact that wealth is taxed wherever found, whether north, south, east or west.

Against the eight-hour day and against the taxation of hitherto hidden and evading riches — that's where the Republican party is headed, if it is not already there. — The Boston Post.

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