Are you a businessman, or do you own stock in a business
corporation? Well, your profits are going to be cut down to a
reasonably low level by taxation. Your income will be subject to
higher taxes. Indeed in these days, when every available dollar
should go to the war effort, I do not think that any American
citizen should have a net income in excess of $25,000 per year
after payment of taxes.
Are you a retailer or a wholesaler or a manufacturer or a farmer or
a landlord? Ceilings are being placed on the prices at which you
can sell your goods or rent your property.
Do you work for wages? You will have to forego higher wages for
your particular job for the duration of the war.
All of us are used to spending money for things that we want,
things, however, which are not absolutely essential. We will all
have to forego that kind of spending. Because we must put every
dime and every dollar we can possibly spare out of our earnings
into war bonds and stamps. Because the demands of the war effort
require the rationing of goods of which there is not enough to go
around. Because the stopping of purchases of non-essentials will
release thousands of workers who are needed in the war effort.
As I told the Congress yesterday, "sacrifice" is not exactly the
proper word with which to describe this program of self-denial.
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