Galesburg Register-Mail from Galesburg, Illinois on April 16, 1973 · Page 4
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Galesburg Register-Mail from Galesburg, Illinois · Page 4

Galesburg, Illinois
Issue Date:
Monday, April 16, 1973
Page 4
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4 OalltbUfq Rtaistef'MaiK Golcsburg, III. Mon., April 16, 1973 EDITORIAL Comment and Review Capital Gains: Like the annual reappearance of the cherry blossoms around the Tidal Basin, ; it's tax reform talk time again in Washington. High on the agenda is the subject of capital gains, under which income derived from the sale of such assists as stocks, bonds and real estate is taxed at a lower rate than income from wages and salaries. The rate is about 50 per cent that of ordinary income, the object being to encourage and reward investment that will help develop the U.S. economy. Yet it seems that almost nobody likes the special treatment accorded capital gains. A number of groups, such as Common Cause, Ralph Nader's Tax Reform Research Institute and the AFL-CIO, have mounted campaigns to revise the capital gains law. "The most glaring inequity in the present tax code is its application of different rates to different kinds of income," says Fortune- magazine editor Richard Armstrong. "It's pretty hard to justify treating a capital, gain differently from ordinary income," says Rep. Wilbur Mills, D-Ark., chairman of the House Ways and Means Committee. "I've never felt there is anything more sacrosanct about the profit from the sale of an asset than from the sweat of your brow." But then the congressman proceeds to offer justification by adding, "If people had to pay regular tax rates on capital gains, they'd never sell (their assets). You'd freeze them in their present assets." At least one businessman suggests that rather than shrink or close the capital gains "loophol/e," it should be vastly widened. Fair System In recent testimony before Mills' committee, Ross Perot, chairman of the board of Electronic Data Systems, Inc., proposed that every American be given the opportunity to accumulate a lifetime total of 1100,000 in capital gains, tax free. Above the $100,000 threshold, capital gains hicome would be handled as it is now. Perot likens tlie flow of capital in the United States to the Mississippi River. It seems inconceivable that the water in it could ever dry up. But the Mississippi depends upon innumerable springs, creeks and small rivers. Simply by clogging and damming, these tributaries, it would be possible to turn it into a ditch. In the same fashion, he says, if we should clog the springs and other tributaries of our capital market, it, too, could turn into a dry and empty ditch at a time when we are going to need more money than has ever been raised before to modernize our industrial capacity to allow the working American, with his high standard of living, to compete effectively with his counterparts around the world. The current catch phrase, "Money made by money should be taxed like money made by men," is invalid, he argues, because it equates two totally different types of money. It assumes that jobs will always exist to allow "money to be made by men" and assumes that the capital money rivers will always flow. "The most valuable resource in the American economic system is the working American," says Perot. "If we are to raise the capital requirements for our future, the working American must be given opportunity through our tax laws to become a participating capitalist." Heavy The well-known mobility of Americans would seem to have reached new heights with the development of a "movable" office building. A new approach to building construction has been developed and tested by Rensselaer Polytechnic Institute, similar to the idea of the erector set. In this concept, a building would be assembled from the foundation up, used, and then when its period of use was over, be disassembled and re-erected somewhere else. Sounds like a handy option to have in case the neighborhood goes. A new law in Libya provides for cutting off the right hand of felons convicted of stealing, and of the left foot for armed robbery. Thoughts But justice win be tempered with mercy, says the Hastings Center Report. The law also permits the amputation to be done by a surgeon, using anasthetics. According to the 1972-73 edition of Jane's All the World's Aircraft, the 115 million pounds which British Overseas Airways is paying for its small fleet of Concorde supersonic airliners would have bought all the Spitfires and Hurricanes with which the RAF entered the Battle of Britain in 1940- some 37 times over. Cost of the famed fighter planes was a mere 3.1 million pounds. This, of course, was before postwar inflation and currency devaluation, when the pound was worth five U.S. dollars and the dollar was worth a dollar. Timely There hasn 't been a person who wanted to be alone, by himself, so much since Greta Garbo. -Sea. Hubert H. Humpiirey, D-Mion., on President Nixon's seU -isolattou. In one of the most scandalous political outrages in the nation's history, the first person to go to jail is not one of the culprits, Quotes not one of the Committee to Re-elect the President operatives caught red-handed inside Democratic national headquarters, but a newsman whose paper covered and wrote about it. -Charles A. Perlik Jr., president of the Newspaper Guild, oa the Watergate affair. Reagan vs. Agnew ..... . . .... Bruce Biossat Some Republican analysts are saying that California's Gov. Ronald Reagan rather than John Connally will give Vice President Agnew his strongest conservative opposition should .should Agnew decide to seek the 1976 Republican presidential nomination. Though Reagan will not run again for governor nor try for a U.S. Senate seat, he is said to be planning to campaign heavily for others in 1974 in a Nixon­ like attempt to build major political capital with the GOP. Reagan's current status among party conservatives is high. He is already 62, but age seems no more of a handicap to him than it is to New York's Gov. Nelson Rockefeller. The argument made by some Republicans is that if Connally hopes to earn position for 1976 by hitting the party trail in 1974, he won't stand out easily, if at all. He will erbss patln with Reagan, and very likely Agnew himself. This analynis is not all good news for Agnew, since it sug' gests a potential serknis iplit* ting of conservative party strength, to the possible advantage of Rockefeller or tome other moderate. Nevertheless, it is another way of indicating that even the strongest words of prai^ for Connally by President Nixmi cannot assure the Texan a smooth road. As for Agnew, the present judgment is that he is clearly the leading prospect (some fragmentary polling evidence supports this view). One candidate-watcher insists, however, that his high office lays upon him the hard burden of never slipping from the front-runner position. "A vice president making a serious bid for the presidency can't afford to trail ihybody," says thiii source. The word "serious** ii loaded with special meanings as applied to Agnew. Men close to him say flitljr he wants the presidency, but they confess they don't know how badly. And, like most politicians, they believe he must sooner or later exhibit a high level of desire to have a real chance. This problem grades into another which already has been well publicized: the serious measurement of Agnew's fitness for the presidency. Tap almost any GOP state leader or top officeholder and he will tell you that Agnew's big task is to demonstrate forcefully his competence. The irony for him, again something noted before, is that his earlier hatchet work for Mr. Nixon, though widely approved by many party cofiservatlves, is one of the reasons even they want strong proofs of his abilities. His slashing assaults, eombin^ ed with his comic doings in |olf and tennis, his miich<!irltieized friendship with Frank Sintira; and a certain suspicion he doesn't work hard, all add to a large question mark it is agreed he must rub out. One GOP source doubts that the vice president can, even with the most earnest effort, entirely eliminate all of the duster-elements which produced this image. In his view, aside from trying to show general high competence, Agnew's most important need for 1976 is to dispel the notion that he is inherently abrasive and divisive. This man adds: "The American people don't like anybody with barbed edges." Darwin in California . . . .Dr. Max Rafferty I'm sorry if I seem somewhat obsessed with recent developments in California, but the Golden State is where the action is, educationally speaking. Recently I reported the collapse of its reading program as shown in its annual standardized tests, and I threw hi a few cracks about the San Francisco kid who is suing his local and state school superintendents for letting hhn graduate from high school without first teaching him to read. But today I'm switching to a more positive approach, although at first glance you may think I'm pulling your leg. My topic is last December's California state board of education's decision to require science textbooks to deal with Darwinian evolution as a theory rather than as an established fact. The board handed down its edict while I was in Los Angeles picking up scraps of Far Western information, and the California papers were all in a dither. Several of them sneer- ingly compared the decision to that of the orighial Scopes Monkey Trial, but I'd like to beg leave to differ. The old Tennessee case dealt with a state law which forbade teaching evolution at all. Teacher Scopes decided to test it by discussing natural selection in his biology class, and the stage was set for the "trial of the century." Clarence Darrow for the defense tangled with William Jennings Bryan for prosecution, and the ensuing fireworks almost totally obscured the ultbnate verdict, which found Scopes guilty. The California situation is quite different. Nobody is trying to turf old Charies Darwin out of the schoolbooks. The state board vice president, John Ford, who is leading the attack on the "Origm of Species" interpreted as divine certainty, puts it this way: "We want Darwin's theory presented exactly as Einstein's theory has always been presented — namely, as Letters to the Editor State of the GOP Editor, Register-Mail: Perhaps of interest to bcal political observers is the condition of the Republican Party in Knox County. It appears that the Republican organization has been fragmented into four distinct groups, often in opposition to one another. They are: Galesburg, Oneida, Mavericks, and Others. The fragmentation of the GOP should hold particular significance for local Democrats, since several offices will l>e up for grabs in the courthouse very soon. After all, two positions are now occupied by them, and it has been acknowledged that Republican voters helped to place them In office. If the disagreements should cOTtlnue among Elephanteers, It can only be of benefit to the Democratic Party. The other interested aggrega­ tion should be, of course, Republicans; they should be wondering what the hierarchy of their party Is doing about the injurious and potentially destructive conditions. Since the coterie that guides the Republicans locally is quite open, one might address their question to the county chairman, etc. The answer might help to eliminate any doubts about who Is doing what to whom. There is no doubt that Knox County needs two strong political parties; it keeps thmgs more honest. It is to be hoped that the disconnected Republican organization will pull itself together, because it owes it to those who have supported it unflinchingly for so long. True Republicans should expect no less of an effort from their local leadership, should they? — Steven M. Eiker, Galesburg. The Almanac By United Press International Today is Monday, April 16, the 106th day of 1973 with 259 to follow. The moon is approaching its full phase. The morning stars are Mercury, Mars and Jupiter. The evening stars are Venus and Saturn. Those born on this date are under the sign of Aries. Wilbur Wright, American Inventor of the airplane, was born April 16, 1867. On this day In history: In 1862, Congress abolished slavery hi the District of Columbia. In 1947, more than 500 persons were killed when a French frigate carrying nitrates exploded at a dock in Texas City, Tex. In 1968, novelist Edna Ferber died in New York City at the age of 82. In 1972, Apollo 16 blasted off for the moon with three American astronauts aboard. Also on that day, U.S. planes raided the North Vietnam capital of Hanoi. ® If 7) WEA, a theory, a major milestone of scientific thought. What we don't want is to have either one of them taught to children as permanent, unchanghig truths." Ford, a San Diegan, in addition to being vice president of the most important state educational body in the country, is a distinguished physician and, incidentally, a black. I throw this in so that we can put to rest the usual tiresome tommyrot which calls any doubter of Darwin an uneducated, unscientific redneck, and so that we can argue the matter on its merits. The scientific community is, of course, up in arms, claiming r?ther stridently that the principle of natural selection is "accepted by all scletnlsts and by all knowledgeable pe<^Ie everywhere." This, I'm afraid, somewhat overstates the case. Darwin, for example, knew little or nothuig about genes and chromosomes, about the Mende- Ijan laws or about the effects of cosmic radiation in causing mutations, for that matter. In the 91 years which have elapsed since his death, his original "survival of the fittest" hypothesis has been modified importantly in a dozen different areas. In fact, let's face it: If old Charies were suddenly 'to return to life, he would hardly recognize his own evolutionary concept, so greatly has it been changed by the fhidings of 20th- century science. Let's face somethUig else, too, which is ahnost certaUily a dead cinch: If today 's biologists were to return to earth 91 years from now, in the year 2064, they would be even more hard put to recognize evolution as Interpreted by the savants of the 21st Century. Now when any idea is capable of such profound and far- reaching changes, as this one obviously is, should it be presented to children as a scientific law, hnmutable as the laws of the ancient Medes and Persians, which "altered not"? Or should it be presented histead as a major scientific theory which has altered a great deal in the last century and which bids fair to be transformed even more profoundly during the next? If you answer "no" to the first question and "yes" to the second, then you're at one with the California state board. And don't let the scientists bully you. After all, some of their most prestigious members now openly believe in the "conthiuous creation" of hydogren atoms in outer space, a concept which I find a lot harder to swallow than Adam and Eve and the whole Garden of Eden. • (Copyright 1973, Los Angeles Times) (galesburg ^gfsfer-Mail Office 140 South Prairie Street Galeiburs, Illtnoli, 61401 TBLEPHONB NUMBBR Regliter-Mall Exchange 343-7181 Entered as Second Clua Matter at Uie Post Office at OaJesburs, D- Hhots, under Act of Consress of March 3, 1879. Dally except Sundays and Holidays other than Waiihlne- ton's Birthday, Columbus Day and Veterans Day. Ethel Custer Pritehard. publisher: Charles Morrow, editor and leneral manager; Robert Harrison, managing editor: Michael Johnson, assistant to the editor: James O Connor, assistant managing editor. National Advertising Representatives: Ward GrUmb Co.. Inc., New York, Chicago, Detroit, Los Angeles, San Francisco, Auanta, Minneapolis, Pittsburgh. Boston, Charlotte MEMBER AUDIT BUREAU OF CIRCULATION SUBSCRIPTION RATES By Carrier in City of Galesburg SOc a Week By RFD mall In our retail trading zone: 1 Year 818.00 3 Monthf USB 8 MonUis I 8.00 1 Month W.OU No maU subscriptions aeeepted In towns where there is established newspaper boy delivery service. By Carrier in retail trading zone outside City of Galesburg 800 a week By mall outside retaU trading tone in Illinois, Iowa and Mluouri and by motor route In retail tradliif lYear •82.0o""*^3 Monma 8 MonUis 113.00 By mail outiide IlUneto. Iowa 1 Year 128^0*****s"»Jonth» |7.90 6 Months 114.50 1 IfOaUl i3.M Crossword Puzzle fn 0 Lifetime 3Fu]lofM|» ' 4BiblleafwMdte SMMCuliM SBeeUa . 7DiminutlT»ot Xidaar asteanuhte aSpaniih cheen lOSleeveleu 'WHY TALK SHOW I GfT HAS JACqUiUNf SUSANN PHOMOTINQ Hik NSW lOOXr AXMOU lYeuvlivtc! 4Adol«8ctat yaar •Ador* U Males UQuaMed 14Isl «iid8(nr.) 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