To the editor:
There is no doubt that wealth inequality exists in our economy. We may all have equal opportunity but for a multitude of reasons, we are not all created equal. Some will succeed and some will not. Some will live in mansions and others will be homeless. Who will succeed and who will not is hard to determine. Some born into poverty succeed beyond imagination while some born into wealth fail.
As I see it, wealth is created in two basic ways: by the money movers who invest with little thought of working America, and corporate America where jobs are created. Taxing money movers a little more doesn’t bother me too much. Taxing corporations, on the other hand, creates problems.
The more corporations pay extra for anything, the more the price of their products and/ or services increases. Many who are in favor of taxing corporations more are also complaining about inflation without realizing that some of the things they want add to inflation. Labor unions are one example.
The extra pay and benefits that unions generate for the working class are good for our workers and economy. The more you make, the more you spend. We want higher wages, better benefits and lower taxes, but these things come at a cost.
Higher manufacturing costs make it harder for our manufacturers to compete with cheaper foreign imports. But some people don’t seem to care. One answer is to allow immigrants into our country and exploit them for cheap labor, and some people see nothing wrong with that.
Another more practical solution would be to tax imports to make our products competitive and raise some revenue at the same time. I think taxing imports is a great idea and I can’t understand all the resistance it creates in our country. Almost every country in the world taxes imports to protect their economies. Yet there are those in our country who resist protecting our own economy with tariffs. Make sense of that if you can.
Walter Crean
Madawaska
