Goshen News, Goshen, IN

Letters to the Editor

October 27, 2012

The super-rich are real moochers

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

1
Text Only
Letters to the Editor
  • LETTERS FOR JULY 31, 2014: Van Gilst’s letter was misleading Van Gilst’s letterwas misleadingCarl Van Gilst’s letter in the July 26 Goshen News (“It now takes three to do one man’s job”) has inaccurate information and misleads readers.He correctly states that for many years Goshen had one employee handling ord

    July 31, 2014

  • No Headline Provided Churches shouldn’t compromise God’s wordThanks be to God that another church has enough backbone to face an evil opposition. God’s word hasn’t changed, only people have changed. The Bible clearly teaches this truth in the coming years. We are so disa

    July 30, 2014

  • LETTERS FOR JULY 26, 2014: It now takes three to do one man’s job It now takes three to do one man’s jobFor many years Goshen ordinance violations were handled by a single person answering directly to the mayor. It was a very efficient and effective system. Many violations were corrected by a phone call or visit wi

    July 26, 2014

  • LETTERS FOR JULY 25, 2014: Jesus, not gay marriage is the path to prosperity Jesus, not gay marriage is the path to prosperityI am writing in response to Mr. (Dave) Stephens’ letter (The Goshen News, July 10) titled, “Supporting gay marriage a boost for states.” I do not agree with gay marriage, but everyone has free choice.

    July 25, 2014

  • OPN GN140613 Coats_Dan_Senator POINT OF VIEW: U.S. and the world needs to act on this watershed moment in history The tragic death of 298 people on board Malaysian Airlines flight 17 in a wheat field in eastern Ukraine marks a moment when words of disapproval and expressions of grief are not enough. This is a moment when action must follow the outrage and rhetor

    July 25, 2014 1 Photo

  • GN140723 David Kolbe mug READER POINT OF VIEW: A bridge to the common good I am a candidate for the Indiana House of Representatives, District 22. I take this opportunity to offer a vision for a better political course in our state, and our nation.Polarization and partisanship have overtaken politics. It is not only evident

    July 23, 2014 1 Photo

  • Pence not supporting Ritz We don’t envy the box Gov. Mike Pence has put himself in. Less than a year ago, he personally voiced a “willingness” to work with Superintendent of Public Instruction Glenda Ritz, acknowledging again the desire of a majority of Hoosier voters to see

    July 20, 2014

  • Time for a change in soccer Time for a change in soccerIn 1978, as an attempt was being made to establish professional soccer in the United States, I had a letter in Sports Illustrated saying soccer’s biggest downside was its lack of scoring.In that letter I also said there was

    July 19, 2014

  • Chaos defines the State Board of Education It has been my pleasure for the past year to serve as the newest member of the Indiana State Board of Education. I bring a fresh perspective to the board as an attorney and business executive who served as director of economic development under forme

    July 18, 2014

  • LETTERS FOR JULY 12, 2014: There’s only one aspect of marriage There’s only one aspect of marriageIt saddens me when many so-called Christians interpret the word of God incorrectly by using their own reasoning without seeking the Holy Spirit’s true word given to us according to John 14:16,17 and 26. And it bothe

    July 12, 2014

Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
AP Video
Fighting Blocks Access to Ukraine Crash Site Dangerous Bacteria Kills One in Florida Workers Dig for Survivors After India Landslide Texas Scientists Study Ebola Virus Smartphone Powered Paper Plane Debuts at Airshow Southern Accent Reduction Class Cancelled in TN Raw: Deadly Landslide Hits Indian Village Obama Chides House GOP for Pursuing Lawsuit New Bill Aims to Curb Sexual Assault on Campus Russia Counts Cost of New US, EU Sanctions 3Doodler Bring 3-D Printing to Your Hand Six PA Cops Indicted for Robbing Drug Dealers Britain Testing Driverless Cars on Roadways Raw: Thousands Flocking to German Crop Circle At Least 20 Chikungunya Cases in New Jersey Raw: Obama Eats Ribs in Kansas City In Virginia, the Rise of a New Space Coast Raw: Otters Enjoy Water Slides at Japan Zoo NCAA Settles Head-injury Suit, Will Change Rules Raw: Amphibious Landing Practice in Hawaii
Poll

With military action and tensions escalating between Russia and Ukraine, as well as Israel and Palestine, are you worried that the U.S. and other nations may get drawn into these conflicts?

Yes, it is a great concern of mine
I’m a little worried, but not too much
No, I’m not worried at all
     View Results