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To further improve our fiscal outlook, we should make some changes in our tax system which will reduce present inequities, stimulate business activity, and yield a moderate amount of additional revenue. I expect to transmit specific recommendations to the Congress on this subject at a very early date.
Clearly, the Information Highway is crossing all sovereign borders and penetrating even the most closed societies. The inequities and benefits in all societies are becoming known to the masses as well as the power brokers.
I am prepared to use Presidential authority to limit imports, as necessary, to guarantee success. I want you to know that before deciding on my energy conservation program, I considered rationing and higher gasoline taxes as alternatives. In my judgment, neither would achieve the desired results and both would produce unacceptable inequities.
On the Continent, with the exception of a few places like Finland, the movement for equal suffrage, while earnestly pressed by a few, is not yet concentrated. Women have won their rights to higher education and are admitted to the universities. They can usually enter business and most of the professions. Inequities of civil rights are gradually being swept away.
The United States Government should pursue initiatives begun by my Administration and the Congress to stimulate insular economic development; enhance treatment under Federal programs eliminating current inequities; provide vitally needed special assistance and coordinate and rationalize policies. These measures will result in greater self-sufficiency and balanced growth.
There must be abolition or sharp limitation of unearned incomes i.e., incomes for which a return to society in service has not been made by the getter. This is the step that is clearest of all theoretically, but the worst sticking point in practice. If we could persuade men that they should not reap where they have not sown, the gravest inequities of our present order would disappear.
But, in any case, it is urgent that the long promised reform of income tax should be set in hand at once, so that it may be purged of its present inequities and anomalies and set to work in peace to redeem debt on a new and more scientific basis. THE CURRENCY REPORT December, 1918
We must develop a system of taxation which will impose the least possible obstacle to the dynamic growth of the country. This includes particularly real opportunity for the growth of small businesses. Many readjustments in existing taxes will be necessary to serve these objectives and also to remove existing inequities.
In the perspective of Bahá’u’lláh’s teachings, the greatest danger of both the moral crisis and the inequities associated with globalization in its current form is an entrenched philosophical attitude that seeks to justify and excuse these failures. The overthrow of the twentieth century’s totalitarian systems has not meant the end of ideology. On the contrary.
The actions taken by the Congress at my request helped stabilize the system. That legislation was later complemented by the Disability Insurance Amendments of 1980 which further bolstered the disability insurance program, and reduced certain inequities among beneficiaries.
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