Historical Newspapers of South Carolina

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THURSDAY, DECEMBER 17, 192X — THE BARNWELL PEOPLE-SENTINEL, BARNWELL, SOUTH CAROLINA J t r : SOUTH CAROLINA ■r > '\ V » ’ V At The 1^r* ■ c'***'' This is the Sign Post that has been set up at the State Line by South Carolina’s failure so far v ■ ' • t ,\r ■ f -S*r- to stabilize the State’s Tax System on an econo- . '':V' • • ' ' " , • ' ;%'•/ ‘ ' • * ■ mically sound and equitable basis. Industry is warned against a constantly changing tax basis, a warning which industry always heeds. SOUTH CAROLINA IS RICH FN UNDEVELOPED INDUSTRIAL RESOURCES. NO STATE HAS MORE TO OFFER IN THIS RESPECT. MAGNIFICENT AND UNEXCELLED OPPORTUNITIES EXIST HERE FOR THE INVESTOR. ASIDE FROM MANUFACTURING OPPORTUNITIES. TO WHICH THAT STATE MAKES NO CLAIM, FLORIDA HAS -bFFFfcE-TO^ OFFER WHICH SOLmTCAROLINA CANNOT LIKEWISE OFFER, AND SOUTH CAROLINA OFFERS MUCH THAT FLORIDAGANNOT HOLD OUT AS INDUCEMENT TO THE HOME-SEEKER. GREAT AND UNBOUND ED INDUSTRIAL AND COMMERCIAL OPPORTUNITIES HERE AWAIT DEVELOPMENT BY THE MAGIC HAND OF CAPITAL. 1 ' * But Investing Capital is Timid * * • - ' - - ■ 1 ' '■*"* I • ' I ■ ■ ■ ' - - - ' n 11 * I _ * J ‘ <m. ..»! . ^ ■ oT—- —— — —— — - a. T * ■" ' *” , • %. V ,, , ■ I ■ 1 — ' ‘ " * • • V . IT IS GOING NOWHERE THAT IT IS NOT ACCORDED A FAVORABLE RECEPTION. THAT IS ONE REASON IT IS GOING TO FLORIDA TODAY BY THE HUNDREDS. OF MILLIONS. FLORIDA'S FAVORABLE AND STABLE TAX LAWS ATTRACT IT, MAKE IT FEEL WELCOME, ENCOURAGE ITS COMING. '' The Capital South Carolina So Urgently Needs —t - TO DEVELOP THE STATE’S INDUSTRIAL POSSIBILITIES AND RESOURCES, TO REHABILITATE HER SUFFER ING AGRICULTURE- t UPON WHICH THE BURDEN OF TAXATION. NOW FALS IN THE ABSENCE OF MORE IN DUSTRIES TO .SHARE THE LEGITIMATE BURDEN OF TAXATION, THUS RELIEVING AGRICULTURE-KJSlOWS . AS DOES ALL THE WORLD, OF THE GREAT’OPPORTUNITIES HERE AWAITING IT. BUTTf WILL NOT COME AND RUN THE RISK OF UNFAVORABLE TAXATION. IT WILL NOT COME UNTIL IT CAN BE GUARANTEED A FIXED RATE OF TAXATION ON A SOUND ECONOMIC BASIS FOR A PERIOD OF YEARS. FIRST ONE AND THEN AN OTHER INDUSTRY MUST KNOW CONDITIONS, ESPECIALLY REGARDING TAXATION. , • *. , V— S' Investing capital and industry are not attracted to a State which resorts year after year to tax expediencies. Special Taxes and Nuisance Taxes are' sign boards set up at the State line warning capital and industry to Keep Out • . • Cooperative Tax Association of South ^Carolina \ %