would like to
know is, how would Direct Credits
improve his situation.
F.S., Detroit, Mich.
ANSWER:Well, to begin with, under Direct Credits he could borrow $10,000 from a Government Bank without interest to pay off the mortgage. This would save him $700 a year that he is now paying in interest. In the second place he will have no taxes to pay on the farm at all, which will save him another $700 a year in taxes. This will make a combined saving of $1,400 a year for the farmer. Now, if he wants to he can use a part of those savings annually to pay off the mortgage and finally he will own the farm free and clear of all superfluous taxation. According to Direct Credits, as I understand it, property owners will have no taxes at all to pay as the cost of running the Federal, State, County and Municipal Governments and all public improvements will be paid by industry at its source and its cost will then be added to the cost of the product. How, then, would the farmer pay his share of running the Government and public improvements?
L.D., Oklahoma.
ANSWER:The farmer will pay his share of Government expenses just the same as everybody else. Whenever the farmer buys a suit of clothes, some farm implements or any other manufactured product he will be helping to pay government expenses. I have read a lot about expert economists who are said to be the authorities on International Finance and the only ones that we must listen to when we consider the money problem. Just who are these experts?
L.V., Brooklyn.
ANSWER:They are the ones who write cross-puzzles for the people to try and understand. They are the ones whom the people nave been putting their faith and confidence in during the past. They are the ones who have misled into their present financial difficulties, people who believed in them, and they are the ones who are not yet satisfied with the mess they have made of things but who want to get the people still further into the mire. They are the ones who think that people have no more sense than cattle and that it makes no difference what they tell them, or how often they deceive them, the people will still continue to believe them as long as they mystify the people with puzzling misinformation. They are the ones whom the foolish people will still call upon for advice as their heads are about to disappear under the surface of the financial bogs of despair. Clever birds are these financial authorities. What will prevent people hoarding money under Direct Credits the same as they do now?
C.K.M., St. Paul, Minn.
ANSWER: |