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If the federal government‘s White Paper on tax reform is enacted it could result in a flight of capital investment and job losses for Canadians. LETTERS New tax could cost jobs The government wants to increase the taxes on capital gains, which are the profits acquired through risky investâ€" ments. Such a policy would discourage capital investment which is critical to job creation. creation of wealth in a country with a rich One of Britain‘s largest managers of investment trusts looks upon the proposed capital gains tax increase with alarm. Mr. Alex Hammondâ€"Chambers, of Ivory and Sime PLC, has more than $100 million invested in Canadian companies. He recently wrote that "the taxation of the _Feedback The pear shape â€" the case of the thin man gone to seed or the tall man who has put all his weight in the basement. It may require a good dose of honesty to admit you belong in this category. Your chest, shoulders, arms and legs need building up. You‘ll be pleased to know that the remedy is not as bad as the condition seems to merit. You‘ll also be pleased to know the exercise program which can help you is also used by the astronauts in Houston. ‘"Yes, I‘ve been working out at home. Doing the same set of exercises as the astronauts as a matter of fact." Good conversation opener. Your appearance is rather deceiving. You just seem to be a great deal heavier than you actually are. You have a fat man‘s profile, but not the fat man‘s problems. The job is to redistribute the weight as much as it is to lose it. When the midsection and hips are brought down to proportion with the rest of you, you‘ll suddenly become a siender, wellâ€" muscled fellow. You must vary the speed of the various exercises. The muscle builders should be performed slowly and deliâ€" berately and the waist trimmers should be repeated as quickly as possible. Slow to build muscle and fast to melt pounds. You should rest a day after the muscle builders to give the muscles a chance to rest and build. On a Mondayâ€"throughâ€" Friday schedule, skip the muscle buildâ€" ers on Tuesdays and Thursdays. Do them on Monday, Wednesday and Friâ€" day before your waist trimmers. Warmâ€"up: Five minutes of light jogâ€" ging and limbering. / l i x *Gucal " *~ ,}r # *# 3 g‘w; o 6 s y â€" M Eeaee "*" L* 4 e 'r»_ . a * e e on 111 e e faskks T £ 2 E "~" P o % i o s d ;6 11; e P P o <a . P es $ [ w o ® D $ 4# e ¢ ’t, y F e sl‘ 2.”?»« £ & t t ‘z: k. 4 > * Cal A U T A % d F 4 iss ce % * * € 3 j iik> es > * se e idve meas h / &A ~wPa *.: fese cats who hang out in my backâ€" yard. They run around, cry, fight and generally make a nuisance of resource base but a small population base is economically unsound. We will have to reconsider our commitment to Canada should these proposals become law." The problem with taxing investment income, however, is that it has the effect of discouraging risk taking by entrepreâ€" 3. Shoulder dip: Place the palms of your hands on two chairs slightly more than shoulder width apart. Legs straight and extended behind, lower your body between the two chairs almost to the floor and then push yourself up to arms‘ length. Ten repetitions. 4. Reverse dip: Same as above but extend your legs out in front of your body. Lower your body within a few inches of the floor, push up and repeat 10 times. Waist trimmers: sitâ€"ups (five increased to 25)/ side bends (five increased to 25 each side)/ walking (a minimum of five miles each week). _ _ The proposal which Mr. Hammondâ€" Chambers objects to is an increase of the marginal tax rate on capital gains by 38.2 per cent for Quebeckers and 30 per cent for residents of Ontario. That will result in top marginal tax rates of 39.1 per cent and 34.5 per cent respectively. For other provinces the increased rates are compaâ€" rable. This makes the Canadian rate among the highest in the western world. Ottawa has justified the increased rate by pointing out that it will increase government revenues by about $160 milâ€" lion in 1988 and by $275 million in 1990. than shoulder width, knees slightly bent. Pull the towe! toward your waist slowly, then slowly let your body return to a braced position an arms‘ length away. Repeat five times increasing to 10. (Maintain a steady tug on the towel as your body moves toward and away from the door.) 2. Towel Press: Grasp the opposite ends of a towel in each hand and hold it behind you so your left forearm is across the small of your back and your right arm is extended straight overhead. The palm of your left hand is away from your body. Resisting with your right arm, pull the towel downward until the right forearm is across the back of your neck and the left arm is fully extended. Now resist with the left hand and pull upward to return to starting position. Switch and repeat. Begin with five and increase to 10. 1. V Builder: Loop a towel across the edge of a door and over a‘ :d under each doorknob. Grasp the ends of the towels in both hands like a baseball bat, and stand with feet spread slightly more ‘‘Absolutely. Uncontrolied cats ‘*Yes. I have a cat and I know are a nuisance. They urinate on there are a lot of people who let the grass and kill it. Wandering their destructive pets wander." cats upset dogs. Cats should be licensed and dogs shouldn‘t." ‘_ Mark Matthews Should cat owners be required to Investment capital is fluid and entreâ€" preneurs can easily invest their funds in places which promise a better return. Some countries such as Germany, Italy and Japan, have no capital gains taxes at all. These countries want to attract investment capital. The Canadian government on the other hand seems determined to drive out investment. This will have the effect of slowing economic growth, which means fewer jobs, lower productivity and a neurs. Consider an investor who makes a 10 year investment that gives a return of 15 per cent in a climate of 5 per cent annual inflation. If he then pays the maximum capital gains tax rate his real gain is only 5.7 per cent and not 15 per cent. This is certainly not an attractive reward for an investor who is risking his capital. thenâ€"known worid, and founded the will learn of subjects which, as Emerson said, ‘"are still written and debated among men of thought. Plato is philosoâ€" phy, and philosophy Plato â€" at once the glory and the shame of mankind, since neither Saxon nor Roman have availed to add idea to his categories. As they say of Helen of Argos that she had that universal beauty that everybody felt related to her, so Plato seems to a reader in a modern city here, to be a contemporary genius. His broad humanâ€" ity transcends all sectional lines." Plato‘s real name was Aristocles, and he lived in parts of the fifth and fourth centuries B.C. He was called Plato because of his broad shoulders. He was a student of Socrates and the teacher of Aristotle. He travelled throughout the Though sometimes horribly imitated, the classic English Tudor will never go out of style; nor will the French Provincial, the American Colonial or the architecture of ancient Greece or Rome. We hit on something that is right and honesl t in its simplicity and it has lasting value. It may be in a piece of furniture, a fabric, a book, a sculpure, or in a human beautiful as the first day they were deâ€" Some things never grow old. Their beauty, truth and inherent wisdom that can detected in them stay young forevâ€" You can find this everywhere. In architecture, for example, we see it in Doric columns that have lasted for For instance, if you study Plato, you license their pets? WATERLOO CHRONICLE, WEDNESDAY SEPTEMBER 30, 1987 â€" PAGE 7 Mark Matthews Waterioo Geoffrey Fellows (Mr. Fellows operates the Human Reâ€" source Development Institute, P.O. Boxr 642, Cambridge, NIR 5SW1, providing effectiveness training to business and industry.) world‘s first university â€" his school of philosophy, known as the Academy. ignorance, that he who is neither good nor wise is nevertheless satisfied with himself; he has no desire for that of which he feels no want.‘" Many of us were exposed to Plato and his Republic, the works of Shakespeare and other great classics at an age when we had no desire for that which we felt no want. Because we were forceâ€"fed before we were ready to feed ourselves, perhaps we got turned off and missed out on the treasures that were intended for the mature mind. If this happened to you â€" and you now have a few lines on your face and something more in your eyes than a vacant stare â€" try again. Put Plato on the stand beside your bed and return to that which is forever young. Regardless of your calling, you will find great ideas that you can use â€" ideas as eternally modern as tomorrow‘s sunrise. You will become a more thoughtful, more loving, more gracious and more successful human being. It wouid make more sense for the government to cut the deficit by reducing spending and not by raising taxes. Further, instead of increasing capital gains taxes, Ottawa shoulid introduce some real tax reform and reduce or even eliminate them. This | would have the effect of encouraging risk taking which would create wealth and jobs. It is not in Canada‘s interest to penalize those individuals who save, take risks and are successful at accumulating capital. It is their entrepreneurial activity, after all, which is the real engine of economic ‘‘Neither do the Entering into his discourse, you‘ll be going back to the world‘s oldest univerâ€" sity and learning from some of our greatest teachers to enjoy and benefit from this ancient tower of truth. reduced competitive position in world commerce. Increasing taxes on the riskâ€" takers is counterâ€"productive and will lead to a lower standard of living for all. ‘‘*No. I don‘t think that dogs should be licensed either. It‘s the owner‘s, not the city‘s, responsiâ€" bility to look after their pets." David Somerville National Citizens Coalition of