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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 18, 1974, Lethbridge, Alberta Monday, February 1t, 1974-THE LETHSRIDQE HERALD-5 Israel tries to pick up pieces (Jonathan Yanai, toe peu name of an Israeli journalist who, for this particularly personal article, wishes to remain anonymous. By JONATHAN YANAI RAMAT GAN, Israel The Yom Kippur war was rough and bitter, smashing not only many Israeli families, and upsetting the economy, but also destroying a dearly held illusion that any war with the Arabs would be a pushover. If the Israelis have lost much of their former complacency a complacency that caused the loss of many lives they are tackling the problems of reconstruction, economy and rehabilitation of their lives with deadly seriousness. Some two-thousand Israelis were killed or reported missing in battle and are believed dead. It's roughly equivalent to three times America's loss of in Vietnam over a period of years. But Israel lost in less than three weeks. Hardly a family has not suffered the loss of a dear one or a close friend. My own experiences are not much different from those of the rest of my countrymen. Take the eldest son of my friend of 20 years. As a small boy his father picked him up, tossed him high and exclaimed "My King, my king." That "king" is dead, killed in battle. Another friend, whose only child was married only months, ago, could have declined front-line duty. But he preferred it. He, too is dead. His father says nothing at all. Not a word. The husband of a first cousin, with two small children and a third on the way, is also dead. But then she has a younger sister to comfort her and to show her how to once again pick up the threads of life. For this younger sister lost her husband, when she was pregnant, during the Six Day War in 1967. It would, perhaps, be best to end fliis.tale of battle losses on an easier note. My son-in-law got hit in several places by sharpnel, but only one piece, in his thigh, was serious enough to require a short hospital stay. He now walks normally again. Israelis are gradually taking a deep breath and trying to fit the broken pieces of their lives together, even if one vital piece a son is gone forever. And they are are asking: How did it happen? A credibility gap which showed itself in questioning the veracity of official army spokesmen flared up. The country's military leadership was questioned. Public pressure has forced the government to set up a Commission of Enquiry. It must answer a crucial question: If Israel knew that the Arabs were massing their forces for war, why didn't Israel take the proper precautions? Perhaps the answer has already been given by President Efraim Kateir who has said: "We were living in a Utopia, in a state of mind which had no grasp of the realities of the situation." Even though it now seems dear that Israel finally not only staggered to its feet, but achieved brilliant battlefield victories, the political pictures about a peace settlement is seen by many. Israelis as dim and distant On the bomefroat, the new soberness has been shown by an extraordinary willingness to jay for the war by buying voluntary war bonds, generally equivalent to a month's salary. This imposes a terrific financial drain on most, for even before the war the average wage earner paid about 60 per cent in income and other direct taxes. In addition he now pays another 7.5 per cent compulsory "war loan." Prices have also been increased on many items snch as frozen meat, rice and gasoline often by SO per cent. (Bat they remain relatively unchanged on basic items such as bread, margarine, fish fillet and eggs though eggs are hard to find.) If the average family has been hard hit, the entire country's economy has been tossed out of kilter. Dttriog the war mobilization of all fighting manpower was complete. But after the war about 20 per cent of the reserves are having to stay on in the army. The remaining W per cert can be mobilized very quickly. 'W.A.C.' BARRETT? Socialist B.C. has money to burn More often than not, the mobilized 20 per cent consist of key men in factories, farms and businesses. A tremendous shortage of trucks has dveloped due to mobilization of civilian vehicles. Thus there is not only a shortage of workers to pick and pack toe citrus fruits, Israel's chief winter crop, but a shortage of trucks to haul it to ports. But many volunteers have arrived in Israel. And although they are mostly city people, they seem to prefer to live in fanning communities, where they often meet Israeli students also volunteering for farm work. And the hard-hit tourist industry is gradually making a slow comeback. The picture here is surely not bright. But the Israelis are throwing themselves into the breach with thev confident hope they can solve existig problems and possibly even prevent future ones from developing. EMK unlikely '76 candidate By R. W. APPLE Jr. New York Times Service WASHINGTON Sen. Edward M. Kennedy is saying privately to his closest political associates that it is extremely unlikely that he will run for president in 1976. Kennedy has said repeatedly over the last six months that he felt reluctant to make the race. But now, with the pressures mounting upon him on run, he is expressing his views in stronger terms. Nevertheless, some visitors to his Capitol Hill office are going away with the impression that he is already in the race. According to Kennedy staff members, they come to see the senator because they desperately want him to run and, when he says only that he intends to keep his options open until late 1975, they convince themselves that he is encouraging them. Thus, after a two-hour luncheon last Thursday, with Harold Willens, who raised money in 1968 for former senator Eugene R. McCarthy and in 1972 for Senator George McGovern Kennedy felt that he had been even-handed with a man whom he did not know well. But, when Willens returned to California and told his fund- raising colleagues that he hoped and believed that Kennedy was already in the race, the senator and his staff were astonished and somewhat irritated by that interpretation. Mr. Kennedy has said within the last week that the illness No one 'will lose9 money EDMONTON (CP) The Alberta government is developing plans to make sure no property owner loses money because of the new education tax system. Municipal Affairs Minister Dave Russell says. The minister said the government will continue a form of the homeowner reoate system for the several thousand Albertans who could be worse off this year because of the elimination of both the 28-mill education tax on property and the maximum 1216 education tax rebate. Under the old system, property owiiei s who paid less of his 12-year-old son, Teddy, who has had a leg amputated because of cancer, is the strongest factor militating against any candidacy. But his associates suggest that that is only the most recent explanation that Kennedy has supplied to buttress his reluctance to seek the presidency. A News Analytii By MARJORIE NICHOLS Special To The Herald VICTORIA The ghost of W. A. C. Bennett lingers on in Socialist B.C., where the major problem facing Premier David Barrett's government is the dis- position of the burgeoning wealth. The much-ballyhooed "Resource Dividend Budget" brought down this week by Barrett, who doubles as finance minister, was longer on rhetoric than innovation. It calls for no tax changes for individuals or industry, except for adjustments to mining roy- alties. Details of the mining royalty legislation were, leaked several weeks ago. In a flight-of prebudget braggedocio Barrett cast himself as Robin Hood and promised innovations that would leave the entire nation agog. Well, it didn't happen. The provincial treasury is accumulating money at an embarrassing rate, based upon the taxation structures of the previous Social Credit adminis- tration. Barrett obviously arrived at the conclusion that it would be foolhardy to tinker with a good thing. If the premier can be faulted for anything it is his failure to properly distribute the wealth that is accruing under the taxation status quo. Barrett has continued his predecessor's practice of underestimating revenues to accumulate huge cash reserves, which are squirrelled away into bank accounts or funnelled into special funds for which there is no legislative accounting. Last year, for example, the government took in almost million more than it budgeted for. The new budget, which calls for record spending of billion, also underesti- mates revenue. A conservative estimate is that the cash surplus this year will be at least million. Opposition critics charge with justification, that these budgeting measures work hardship on the wage-earners. What the government is doing, in effect, is forcing the payment of extra taxes, not for services, but to enable the treasury to acquire a nest egg for unknown possible future use. Headline catching baubles aside, the Barrett budget has done little to help the wag-earner keep abreast of inflationary increases. The five per cent sales tax has been removed from books and used clothing, but based on anticipated revenues it would have been possible to remove the tax entirely. As usual, it is the lunch- bucket brigade that will contribute the most toward the record revenues, through payment of income taxes, sales taxes, fuel taxes and liquor taxes. A modest estimate is that 60 per cent of the extra million the B.C. treasury will collect will come from the pockets of workers. Roughly 35 per cent or million will be accounted for by increases from resource industry revenue. The vast majority of a new spending will go, not to new programs, but to expand existing ones, to hire more civil servants, to maintain the enlarged bureaucracy and to continue the Social Credit- inspired giveaway programs. The only area in which there will be significant new spending is in the housing total of million has been as- signed to housing. Of this, million will go into a mortgage fund created by the previous government. Precisely how the remainder will be spent won't be known until legislation is introduced, but indications are it will be concentrated on development of government-owned land. It is interesting to note that the percentage of expenditures assigned to education have continued to decline. The operating budgets for the province's universities have been frozen and Barrett says that if the institutions want more money "they will nave to come up with plans for better use of their facilities." The remark is uncomfortable reminiscent of W. A. C. Bennett, whose critics of yesteryear, Barrett among them, ac- cused him so frequently of being anti-education. Now, to the much- publicized baubles of the new budget. First, there will be a new "resource grant" to homeowners of up to the first step in a long-term plan to remove education costs from the property tax base. The amount of this grant, which this year will cost million, will be increased annually until the total is somewhere between and per homeowner per year. (The million, incidentally, was taken from the cash surplus accumulated last year through revenue under- estimating. Though it bears a different name, the new grant is simply an extension of the Social Credit homeowner grant, which has been retained by the NDP. Under this scheme homeowners receive a grant of a year to offset property taxes. The grant is paid to municipalities on behalf of the homeowner, who pays the difference between the maximum grant and his total tax bill. Bauble number two is a new grant to all provincial renters, which will also be increased annually. This is a continuation and extension of a Soared scheme. W. A. C. Bennett in his last budget in 1972 introduced a grant to renters over age 65. The elderly will now receive a year and everyone else The concept of providing some type of direct cash benefit to renters did not, of course, originate with the NDP in B.C. It was introduced in Ontario a number of years ago by the government of former Premier John Robarts in the name of a tax rebate. Rebate or grant, such payments to individuals always look suspiciously like attempts to provide voters with festive feelings towards the government of the day. A footnote to all of this socalled redistribution of the resource wealth of B.C. is natural gas, which is also a resource that the NDP presumably believes the people should have their proper benefit from. Start using the Government's own rules to save a bundle on income tax. Deadline March 1st. Here's a perfectly legal way to use the Government's own rules to save on your income tax. The Government has a law that says, in effect; "If you save now for your retirement, you can deposit as much as into a registered retirement savings plan every year, and we'll let you knock it off your income." Once again this year, you can deposit up to 20Vc of your earned income into a Canada Trust Registered Retirement Savings Plan, and then deduct that amount from your taxable income. If you already participate in a pension plan where you work, the maximum amount deductible using both plans is Registered Retirement Savings Plans can be especially advantageous for families where husband and wife are both wage earners. Check how you can tee off on taxes, while saving retirement dollars. Savings These we on mcwne tax iwofota cinrainc >be fall lw Too off on taxes win a swinging than a year in education tax received a 1100 rebate. With UK new system, the education tax won't be collected and therefore no refund will be paid. Bat that leaves the low-income person who for example, paid only in education tax and received refund, worse off. A person will be aWe to apply to the municipal affairs department for any difference between his education tax saving and what would have been received last year as a refund. Mr. Russell said. To top it all off, the money you save can make more money. Essentially there are four ways. You can have us invest it in stocks, in bonds and mort- gages, or at a guaranteed rate of interest. Or divide your money up using any combination of these three alternatives. The beauty of it is... you can actually control the combination as your needs change over the years. And you're under no obligation to make future deposits of any size. You decide how much and how often you want to make your deposits. Some other plans require >ou to sign a contract that specifies a minimum annual contribution. You can even get your money out without paying a penalty. When you eventually choose to withdraw it, you have to pay taxes on it at that time, of course. But this is what's most important. You pay tax on your money when you decide to pay it. This means later, when you're likely in a lower ta% bracket. Moreover, we don't have' a lot of salesmen out making calls, so you don't pay sales commissions. This means, however, that you have to call us. Don't put it off. You.can't deduct any deposits from your 1973 income after Friday, March 1st No Red Tape There's no red tape to start a Canada Trust Regis- tered Retirement Savings Plan just a simple application. A Little Short of Cash? Even if you're short of cash, you can still take advantage of this tax saving. Talk To us about a low-cost loan. The interest is tax deductible. Win 'Swinging' Holiday forTwo in Sunny Acapulco Tecine off on taxes is reason enough to start a Reeistercd Retirement Savings Plan, but this year Canada Trust is offering an extra bonus an op- portunity !o win a swinging 10-day holiday for two in beautiful Acapulco. You get one opportunity to win this fabulous prize every S400 >ou deposit to a new or existing Canada Trust Registered Retirement Savings Plan by March 1st ..1974.' Cash Boons Even better, if you make your deposit by February 15th, and you win the Acapuico holiday, you get SI. 000 cash as well. Saving for retirement can be a very rewarding ex- perience. Make the tax rules work for you. Call or come in today. Remember the deadline. t entSifcrf 1o mm ten tmvrttmitm. Tbt wJeoed ecnOaana, Mnmoto. n Ontmrw Crt n WE'RE OPEN THIS SATURDAY ;