To the Editor:
Our United States is in the midst of an economic implosion that could make our Great Depression look like child’s play.
We may soon disintegrate enough to reveal our third-worldly rotting core where corporate and billionaire power and greed have replaced “democratic” infrastructure and governance.
Our once-enlightened political and economic systems have been manipulated to ensure the success of only a fraction (1 percent) of our population at the expense of everyone else.
Remember playing Monopoly? Strategy: scoop up Park Place, Boardwalk, NC Avenue, Pacific Avenue, both utilities, all four railroads, and a few other properties. GAME OVER
The other players (once middle-class property owners) will eventually go bankrupt, being forced to pay higher costs for rent, services, utilities, and transportation. Finally, monopolists will have all the money and everyone else is left out in the cold.
Suppose the game doesn’t end there. The (once-upon-a-time but now broke) middle class keeps rolling the dice around the board using credit cards or other lines of credit to stay in the game.
The monopolists will find it collectively difficult to collect enough income from increasingly impoverished Americans who can’t afford to pay rent, mortgages, utilities, etc. The monopolists won’t be able to sustain their opulently arrogant lifestyles.
This is how real-world economics suffers when economies are deprived of their buying-crazy middle class. Today’s global inequalities of wealth are a reflection of Monopoly’s corrupting strategy.
How can we patriotically and morally correct this ecodilemma? Retry progressive taxation. Some of you may remember when FDR hiked the top income tax rate to 90 percent.
While in effect (30 years) the bottom 20 percent saw a 116 percent income growth. The middle 20 percent saw a 117 percent increase and the top 5 percent saw an 85 percent increase.
All income classes shared in the prosperity when the top rate was above 70 percent. Center for American Progress studies show that when the top marginal rate is above 50 percent, economies prosper.
With more revenue coming into our government thanks to progressive taxation, citizens could be adequately protected (from gross corruption(s) by a Christian-like safety net.
Minimum wage doubling would boom this economy as a way to shrink wealth’s inequalities and embrace the moral motive over the profit motive if the correct reforms are financed and the moral choices made we can avert disaster and make our nation whole again by creating millions of infrastructure jobs.
And, raising the minimum wage has not been shown to cost jobs.
And, the Pope said trickle-down is a myth.
To the Editor:
Although many Cumberland streets are in need of repair and improvements, the decision by city and county officials to address Greene Street is a good one.
Where is it?
Once upon a time, the Maryland Chamber of Commerce held its annual conventions at the Bedford Springs resort hotel near Bedford, which is in Pennsylvania.
- Korean War
- Sloppy lawmaking is to blame
If a survey conducted by Thumbtack.com and the Kaufman Foundation is an accurate portrayal, Maryland has a long way to go to become a business-friendly state.
How ironic — and how sad — that the Potomac Highlands Airport Authority plans a closed executive session to discuss the open meetings law.
File this one under the We Thought We’d Heard Everything category: A man who attempted the armed robbery of a pizza shop is now suing the pizzeria and the employees who tackled him and wrestled his gun away during the holdup.
The idea of fracturing for natural gas makes many people anxious about potential harmful effects. For that reason alone, it is incumbent on Maryland government to require full disclosure of chemicals used in the process.
Don’t do it
Temperatures have been moderate recently but are projected to rise to the upper 80s and low 90s later this week, so we want to remind you: Never leave children unattended in a vehicle.
July 20, 1969
When Apollo 11 landed on the moon 45 years ago today, it was until that time the mostwatched television programming in history.
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