Is it really true that tax cuts for corporations and the super-rich create jobs? Mitt Romney is a poster child for what the wealthy do with most of their money — create low-wage jobs in other countries and stash the rest in the Cayman Islands and Switzerland.
The tax cuts the Republicans see as the cure for virtually every national problem have resulted in a massive redistribution of wealth from the poor and middle class to the top 1 percent at the rate of $1.1 trillion every year the past 30 years. To be sure, a few tax-cut crumbs get to “the little people,” but the lion’s share of the cuts go to corporations and the wealthy, leaving the rest of us to pick up the tab for financing the country.
An article by Paul Bucheit published by Common Dreams is titled “Add It Up: Taxes Avoided by the Rich Could Pay Off the Deficit.” Corporations are part of “the rich.”
In 1955 U.S. corporations provided 27.3 percent of federal revenue, compared with just 8.9 percent in 2010. Some of the wealthiest companies pay no taxes at all. Twenty-nine corporations from 2008 to 2010 paid zero (yep, that’s a goose egg) in taxes and were even refunded $10.6 billion. Under President Eisenhower in the 1950s, the top tax rate for individuals was 90 percent, and we had unparalleled prosperity.
If U.S. workers had reaped the gains of their productivity the past few decades, the median household income would now be $92,000 instead of $52,000. Who are the real job creators? The middle class and the working class — if they have enough money to buy products and services.
The ordinary U.S. taxpayer ends up subsidizing corporations and the super-rich by funding the infrastructure everyone needs and uses. So who are the real moochers?
— Joann Smith
Goshen
Letters to the Editor
The super-rich are real moochers
- Letters to the Editor
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Why do immigrants come to the U.S. illegally?
With the current increased interest in fixing our broken immigration system both political parties are putting forth legislation.
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Safety along C.R. 35 is a concern
This letter is meant to bring awareness and hopefully corrections in regard to C.R. 35 in Elkhart County. Something needs to be done immediately to enforce the laws pertaining to the use of C.R. 35.
- Emphasis on gun control makes you wonder
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Goshen should stick with ‘Redskins’
I must respond to the letter to the editor from Mr. Ron Chupp (The Goshen News, May 9). What’s in a name, Mr. Chupp? I too have a Native American heritage, and for some reason, I am not offended by the term Redskins, or brown skins or any other color of skins.
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More important issues than a nickname
I would like to, in the most respectful way possible, respond to Mr. Chupp’s letter (The Goshen News, May 9) regarding the ongoing debate over the term “Redskins” being used as the nickname and mascot for the Goshen school system.
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There is hope through God
May I share what happened to me after praying about the issue of whether to have guns carried by school authorities at Goshen High School. While calling out to God, my question was: Why have we as a nation come to trusting in government agencies, such as Homeland Security, rather than obeying the Constitution in what you have declared through our forefathers?
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Sheriff has this reader's support
This letter is in defense of the Constitution and Bill of Rights, and in response to Shari Mellin’s letter (The Goshen News, May 8) about Sheriff Brad Rogers not obeying the laws related to anti-gun legislation
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‘Redskins’ nickname is offensive
The question posed (in the May 5 edition) was, “What’s in a Name?” In the case of the GHS (Redskins) mascot, it is insult, degradation, racism, and an ongoing slap-in-the face reminder of the disgusting manner in which my Native American ancestors were treated by Europeans.
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Millrace projects threaten a Goshen gem
The city of Goshen is in the 11th hour for the five Redevelopment Commission members to hear the voices of its residents concerning the millrace redevelopment proposals at its next meeting at 4 p.m. on May 14.
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We don’t need a community center
We want to keep this short and to the point. We keep reading articles and letters in the papers about the proposed community center in Goshen. Our question is why?
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