Letter to the editor in the Daily Times:
I’m tired of those who belittle the unemployed and those who need help from entitlement programs. These stalwarts of American individualism claim there are enough jobs for everyone who really wants to work — which means not blacks, immigrants, Hispanics or too lazy to get up off of their butts.
What is it about compassion, understanding and reality these “stalwarts” fail to grasp?
In the same breath, they praise those “rugged individuals” who “pull themselves up by their bootstraps” — those who start with nothing and scratch out a niche in their marketplace, working 18-hour days, six- or seven-day weeks, entrepreneurs of the late ’80s and ’90s, who started the “tech bubble.” Remember that one? These job creators are the backbone of America, and without them we’d have fallen into the great abyss.
Blah, blah, blah.
Call me crazy, but aren’t we deep in the abyss? Millions have lost their jobs, homes, cars, savings and investments. Those “job creators,” dot-com bubble-makers, Wall Street high-yield investment gurus, Bernie Madoff knock-offs,bankers who created the mortgage bubble and made billions when it burst and corporate executivess who sent millions of jobs overseas have sucked the life out of every working family. They point fingers at the unemployed, elderly, disabled, hungry children or mentally ill and say,”It’s their fault. Big government.Entitlement fever caused this.”
Fact: Big government didn’t cause the meltdown. It was greedy, sleight-of-hand financial games; devious, unconscionable rape of workers’ savings and investments — including homes that were manipulated into low or no-interest mortgages; creation of collatoralized debt obligations questionably rated by credit agencies; and Wall Street banks that put billions into mortgage debentures, but then ‘shorted’ them, betting that they would continue to collapse, and in the process, make them billions more without regard for the victim — the middle class.
I’m tired of hacks like Rep. Andy Harris blaming high taxes imposed on the wealthy and corporations — his supporters, the so-called “job creators” — for this economic mess.” Based on mean personal tax rates, there are only seven countries with lower rates than the United States (28 percent): Mexico (18 percent), Korea (16 percent), Australia (27 percent), Iceland (27 percent), Ireland (25 percent), New Zealand (21 percent) and Japan (27 percent). (Organization for Economic Co-operation and Development, 2007) The rest run up to 55 percent.
In 2008, the GAO reported that 55 percent of US businesses paid no federal income taxes during at least one year in the last seven it studied.
Based on these findings — and the widening gap between wealthy and middle-class incomes — is there anyone who really thinks the rich or businesses are worse off now than they were 30 years ago?
Ron Pagano is a semi-retired lawyer, financial adviser and entrepreneur.
I am tired of leftists spewing forth lies. I am tired of being blamed for their failures and the misery they create. The type of thinking above is one big reason America is in the trouble it is now.