taxpayers-only about $6 billion a year-cannot be regarded as an effective anti-inflation measure. Balance From a budget-balancing point of view, the tax increase makes more sense, but it is questionable whether the added burden is either necessary or desirable. Over the past ten years, the Federal Government tax revenues, in- cluding Social Security input, have almost doubled to an estimated $156 billion in 1967-8; over the past- five years they have gone up almost 50% despite the tax rate reduction in 1964-5. If present tax rates were left alone, without the new surcharge, and if the economy were left alone, total tax reve- nues would probably continue to rise at a $10-15 billion a year rate, particularly since Social Security taxes are scheduled to rise from 8.8% to a burden- some 9.6% next January. Given any sensible con- trol on the spending side of the budget, the income side could easily catch up to a balance some time in 1970 or 1971, without an increase in rates. A Shocking However, you can't fight City Hall, Statement as they used to say, and we might as well resign ourselves to continu- ing erosion of the old-fashioned idea of individual economic salvation. Just how far we've come along the path of the new "social justice" is perhaps best illustrated by the recent remarks of Mr. Andrew Heiskell, Chairman of the Board of Time Magazine, to a predominantly Negro graduating class in Raleigh, N C. You black graduates who leave here-you black students who will follow face a society whose institutions go hand in hand with a history of debasement, discrimination, deceit, hypoc- risy, and bigotry." We think that's a hell of a way for a leading pub- lisher to characterize this country's history. Despite the injustices to all minority groups that have char- acterized all world history, and despite the necessity to correct injustice wherever it exists, we think it is ridiculous for the vast majority of decent Americans to hang their heads in shame and grovel in guilt over the sins of their ancestors in an earlier, more barbaric world. In our opinion, American history, relatively, is a record of glory and of charity at home and generosity abroad, a record of opportunity for every individual and every minority group that ever came here, in freedom or in slavery, and if the gates were open on both sides, half the world 4