We are hearing some pretty lame arguments supporting the initiative to repeal the tax increase on the rich and large corporations. Tax them and they will go somewhere else we are told. Ever wonder who is paying for those ads? Of course the opposite argument is to not tax them at all and let them freeload on working people. This is what Reagan did, and look at the economic mess that has caused!
The major problem with our economy is an inequitable distribution of wealth. For example, a few years back Bill Gates was more than twice as rich as the next richest person on Earth. His wealth was equal to that of forty percent of the U.S. population. Now suppose that we took away half of Gates’ wealth and gave it to the poorest forty percent. Gates would still have been the wealthiest person on the planet, but four tenths of our population would have half again as much to spend. If you are a business owner think what that would mean to you. Forty percent of your customers would have half again as much to spend in your store.
When was the last time Bill Gates bought anything from you?
To be successful a business must have customers. To be a customer people need money. Over the last 30 years we have seen an increasing part of the nation’s wealth being hoarded by a small number of greedy “have mores.” The direct result is fewer customers for the nation’s businesses.
This is the real reason for our faltering economy. The only way to take the nation back to the prosperity we had before Reaganomics is to put the burden of taxation back on those who benefit the most and reduce the tax burden on your customers.
Phillip Hays
Corvallis
The major problem with our economy is an inequitable distribution of wealth. For example, a few years back Bill Gates was more than twice as rich as the next richest person on Earth. His wealth was equal to that of forty percent of the U.S. population. Now suppose that we took away half of Gates’ wealth and gave it to the poorest forty percent. Gates would still have been the wealthiest person on the planet, but four tenths of our population would have half again as much to spend. If you are a business owner think what that would mean to you. Forty percent of your customers would have half again as much to spend in your store.
When was the last time Bill Gates bought anything from you?
To be successful a business must have customers. To be a customer people need money. Over the last 30 years we have seen an increasing part of the nation’s wealth being hoarded by a small number of greedy “have mores.” The direct result is fewer customers for the nation’s businesses.
This is the real reason for our faltering economy. The only way to take the nation back to the prosperity we had before Reaganomics is to put the burden of taxation back on those who benefit the most and reduce the tax burden on your customers.
Phillip Hays
Corvallis
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