Sunday Gazette-Mail from Charleston, West Virginia on June 2, 1974 · Page 5
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June 2, 1974

Sunday Gazette-Mail from Charleston, West Virginia · Page 5

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Charleston, West Virginia
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Sunday, June 2, 1974
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5A --J une 2. 1974 Sunday Gazette-Mail ~~~ Charleston, W«t Virginia Cost Can Wipe Out Security Intended to help the low-income worker, Social Security is instead paying maximum benefits to those who can afford not to work and a reduced benefit to those who must · work. Consider savings first. Dur- ing the 1940's, when Social Security was first under way, the amount collected in taxes represented only a small percentage of what Americans Soap Box Derby Plans Rolling On AKRON, Ohio (AP) - The Ail-American Soap Box Derby, whose spinning wheels nearly came to a grinding halt, is rolling again and may be revitalized into an international affair, According to the annual classic's general manager. Illinois Explosion Kills 5 JEISYVILLE, 111. ( A P ) - A mother, her son and three grandchildren died in a predawn explosion fire Saturday that leveled their frame home in this central Illinois hamlet. Dead are Mildred Fecho, 54; her son, Dennis, 20; two granddaughters by a deceased son, Phyllis 10, and Faith 12; and a grandson, Clarence Moore Jr., 3. Don Brown, assistant fire chief at Taylorville, said four of the bodies were f o u n d "stacked up" just inside the front door. "It looked as if they were crawling to the door when they were engulfed by fire," he said. Clarence Moore Sr., 25, of Stonington, his wife, Sharon, 18, and a son, Brian, 3 months, escaped. "We were awakened by Brian crying," said the father. "Smoke was filling the bedroom. I couldn't see the windows. I pounded on the walls until I reached a window. I broke it through with my fists. "I gathered up the baby and my wife, pushed them through the w i n d o w and followed them. I couldn't find my other son." Moore said they ran screaming to a neighbor who turned in the alarm. Brown said the explosion apparently was caused by the malfunction of a natural gas heater. "When we arrived the roof had caved in and only some wall studding remained standing," he said. Sentence Of Death Is Given VIENNA, Austria (AP)-A Bulgarian economist was sentenced Saturday to death by firing squad after being convicted of spying, the Bulgarian news agency BTA reported. It identified the defendant as Henrich Natan Schpeter, 53, of Sofia. BTA said the sentence was not immediately carried out, indicating the case may be appealed. Schpeter was found guilty of having been "in the service of foreign intelligence agencies" for several years, and passing on unspecified "espionage information" for money, BTA said. "A great deal of written and material evidence has been found of his many years, espionage activity, and he himself has made a full confession of his guilt," the agency added. No other details were given. New England Shellfish Eyed For Red Tide BOSTON - ( A P ) - Nick Brill, assistant commissioner of the Massachusetts Department of Public Health, said Saturday that inspectors "are working overtime" to check for contaminated shellfish in Bay State Markets and restaurants. Organisms known as Red Tide have been reported along coasts of three New England states. Officials have closed a 70-rnile section of shoreline from Cape Ann, Mass., to Cape Elizabeth, Maine, to shellfishing as a result of the contamination. L Brill said there has been no evidence of contaminated shellfish in the department's statewide check. He added "there are no signs of the poisonous toxin in shellfish harvested in the coastal areas which are open.' A ' The derby, which began in 1906, first started going down hill in 1972 when its long-time sponsor, Chevrolet, pulled out. Then last December, the scandal-ridden and financially troubled race looked as if it might be headed for the junk yard when the Akron Chamber of Commerce pulled out after sponsoring the 1973 race. But derby General Manager Ron Baker, a member of the Jaycee organization which has taken over sponsorship of the race, says some of the problems are being straightened out. "We've incorporated as the International Soap Box Derby" and there is "a tremendous amount of interest," Baker said. "The program is going to expand and, we hope, become truly international." Franchise requests have come from England, France, Belgium, Sweden, Japan, Okinawa and the Philippines, the manager said. "Unfortunately, we got started late," Baker said, and the only foreign countries represented this year will be Canada, Venezuela "and maybe West Germany." Baker said plans soon will be announced for a nonprofit foundation which he hopes will be able to establish scholarship programs and put the Derby on a sound financial basis. He says he has about $75,000 to run the race at Derby Downs Aug. 17. That is less than half what the Chamber spent on the derby last year. However, Baker says the $75,000 will be enough. could afford to save out of their pay. For instance in 1942 the average American household, after all tax deductions and living expenses were paid, could afford to put $767 in the bank. During that year, for every $100 that Americans could afford to save, $3.70 was being taken out of U.S. payrolls by the Social Security Administration for the retirement fund. · THEN BEGAN the silent squeeze. By 1945 Americans were earning more but Social Security was taking more and taking it faster. Average household saving dropped to $740 a year. Now for every $100 we could afford to save $4.30 was taken from payrolls. In 1948 Social Security took $12.60 for every $100 we could save. By 1950 the payroll bite had grown to $20.40 for every $100, and by 1955 - $36.20 for every $100 in household savings. The tax that was supposed to encourage saving continued to grow faster than Americans could afford to save. In 1960 average yearly household saving in the richest country in the world had slumped to $20 -- a dismal 140 per cent drop in 18 years. That year Social Security took $63.90 for every $100 we still had left. And still the tax was growing bigger. Last year was the worst in history. Even though the average American household was saving at slightly above 1945 levels, the Social Security Administration took $84 for every $100 we saved. University of Chicago economist Milton Friedman has termed the last 20 years of Social Security "a crushing defeat for the average wage earner." "Where is the incentive to save," asks Friedman, "when such a huge proportion of that saving is confiscated for a retirement plan a younger worker could buy for one-third the price?" +· ALL THE examples cited include only the amount of So- cial Security tax earmarked for retirement checks and death benefit. Billions more are taken to finance other federal insurance plans. What have we bought for an increase in ''premiums" equal to six times private insurance increases? "Pitifully little," says a spokesman for the Illinois Department of Insurance. "If a private insurance company attempted to sell a plan in Illinois which cost so much and paid so little, we would drum them out of the state as frauds." Nor is Social Security going to stand still. Beginning this year, no more congressional votes are needed to raise So- cial Security taxes; the hikes will come automatically from now on -- tied each year to cost of living increases. *· TODAY'S YOUNG workers can look forward to: ·- Paying at least $l,000-a- year to Social Security during the next five to six years. · Seeing the insurance value of what he buys grow steadily lower. *· Paying the most during his middle years when his federal insurance is worth the least to him. *· A retirement plan which will pay him less than half than a plan he could buy on his own -- if he can afford to take the benefits. Panel Hints Tax Status Hurt By White House (C) The Wahinton Post WASHINGTON - The Fair Campaign Practices Committee has filed an appeal with the Internal Revenue Service seeking the release of documents that it claims will prove that the proposed revocation of the committee's tax exempt status was based on political pressure from the White House. Refusal by the IRS to release the documents so far, according to committee director Samuel J. Archibald, de- mostrates that the IRS ".was responding to White House pressures to attack a tax-exempt organization which is trying to prevent dirty politics." Archibald said that if the committee does not receive the documents, it will sue the IRS under the Freedom of Information Act. The documents sought by the c o m m i t t e e i n c l u d e a "sensitive case report" which, Archibald said, the IRS has admitted is on file. "Public access to the sensitive case report. . .will show whether the IRS denial of political pressures is valid," Ar- chibald said in a letter to IRS commissioner Donald Alexander. The nonpartisan committee- which routinely monitors congressional, gubernatorial and presidential elections and investigates charges of unfair campaign tactics-complained last November that an IRS audit and subsequent proposed revocation of its tax-exempt status might have been retribution for committee disclosures of republican tactics. The IRS indicated its intention to lift the tax-free status, pending appeals. Slymnastics Class Slated The St. Albans YMCA will offer an eight-week women's Slymnastics program beginning Thursday. The class, which will meet Tuesday and Thursday nights from 7:30 to 9 p. m. will include use of the exercise room, sauna baths, whirlpool and sun lamp. The course will be free for members. A $15 fee will be charged to nonmembers. Coup Linked To U.S. PARIS ( A P ) - A former high-level Saigon official says the late President Ngo Dinh Diem was overthrown by a Washington-instigated coup because he refused to allow American troops to be stationed in South Vietnam. Iran Van Khiem, one of Diem's top advisers, claims the late President John F. Kennedy wanted to station 15,000 troops in South Vietnam as a pretext for attacking Chinese nuclear bases. W i t h U.S. troops in the South, Khiem charged, Kennedy could then claim to be protecting them by launching massive air strikes against the Communists and eventually against China itself. Writing in the monthly diplomatic supplement of Le Monde, Khiem says Diem refused because he believed the Kennedy request would lead to the devastation of his country. * * * HE PREPARED, instead, to send an emissary to Hanoi to make peace and arrange for the n e u t r a l i z a t i o n of Southeast Asia, Khiem said. But the coup in November 1963 installed a pro-America government which welcomed U.S. troops. Khiem was the brother-in- law of Ngo Dinh Nhu, Diem's brother and widely regarded as the real power in South Vietnam. He and the president were killed by the rebels. Kennedy wrote Diem at the end of 1962, Khiem said. He said Diem replied that "South Vietnam does not need American troops to defend it. I regret, but I cannot accept your proposal to introduce 15,000 soldiers, moreover, I request that the 5,000 Americans here now should be withdrawn as soon as possible." From that moment, Khiem said, the South Vietnamese leadership was fearful of a coup and set up an elaborate system to defend itself. But senior military officers "bought with suitcases full of dollars" trapped military loyalists and staged the coup now on What are Fathers made of ^ftp!(V«vVr4' ' Ht'jii ! '4^''itin*'* $NiP' 1 FATHER'S DAY, JUNE 16 la-z-boy recliners sale give him the choice seat! Select f ro,m favorite styles in traditional or Early American. You also have a choice of fabrics from matelasse, tweed or vinyl in a wide range of colors and shades to coordinate with your decor. Each of these La- Z-Boy reclina-rockers have the famous comfort plus reclining mechanism and best of all you-now save on every chair in this beautiful collection! Pamper someone you love, or get a Laz-Z-Boy for yourself! These comfortable chairs do as much for you as they do for the room's decor. Hurry in to select your new La-Z-Boy recliner... NOW SALE PRICED! REG. 257.00-276.00 YOUR CHOICE 189.00 \ / / / \ Gossard Artemis travel sets It's the annual sale of sleepwear travelers sets by famous Gossard Artemis . .. save on your favorite sets in Parfait Pink or Deb Blue . .. hurry in before June 22, your last chance to save on lovely Gossard Artemis sleepwear sets! ,, SHIFTS in P-S-M-L, reg. 9.00 6.99 LONG GOWN in P-S-M-L, reg. 10.00 7.99 PAJAMAS in sizes 32-40, reg. 11.00 8.99 COATS in P-S-M-L, reg. 14.00 11.99 LONG COATS in P-S-M-L, reg. 16.00 13.99 MATCHING SCUFFS, reg. 4.00 2.99 LINGERIE--Fash/on Floor FURNITURE- Third Floor MAIL PHONE ORDERS

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