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:
Support Canal classrooms with tax-deductible gift
While your April 17 article (“Park Service opens Canal classrooms,” Page 1A) described this exciting program accurately, your readers may be wondering how they can help support this new educational opportunity for school children in Allegany County.
Ivan Hall story brings back memories of a unique man
I enjoyed Mike Sawyers’ Ivan Hall story. It was well written and brought back some wonderful memories of my Cumberland days and especially, an unique man.
It’s a secret
Could someone enlighten us about why not even the names of the two entities bidding on development of the Footer Dye Works building can be divulged?
A Times-News article about the bids included an explanation from a lawyer for the attorney general’s office about the need to keep the names and other information secret at this time. Despite that, the logic of not divulging at least a little more information escapes us.
What do we do about those who weren’t criminals after all?
Now that Maryland has become the 17th state to (finally) decriminalize possession of marijuana, one could say that the legislature and governor should be patted on the back for doing the right thing.
Which approach to the school makes sense?
What exactly is the long-range plan, according to the Allegany County Commissioners?
I’ve read in the Cumberland Times-News that the current County Commissioners intend to spend $9 million to construct a new high school.
H.O.G. Rally coming to Cumberland in June
Let me introduce myself. My name is Francine Kraft and I am the Maryland/Delaware State H.O.G. Rally Coordinator for 2014.
With a team of seven others, we have put together a rally for June 19-22 to be held in Cumberland.
Access to trout ponds hard for those who have trouble walking
I took my 5-year-old grandson Easton, who lives in Cumberland, to the Evitts Creek three ponds on March 31, the day it was stocked with trout.He had the joy and excitement of catching his first trout and two more. I have a Maryland fishing license and trout stamp.
Wait long enough; they will die off without being cared for
The letter to the editor of April 14 (“Military veterans have few friends in Washington, D.C.”), I am afraid, hit the nail on the head — sort of — about this next set of returning veterans.
Translations differ, but the message is eternal
This letter is in response to a recent letter titled “One cannot compromise on God’s word” (April 13 Times-News). I had previously written a letter titled “Why are compromises so difficult to achieve” (April 7).
Closing the loopholes will help clear the regulatory waters
After a decade of uncertainty over Clean Water Act jurisdiction following Supreme Court challenges in 2001 and 2006, the Environmental Protection Agency and Army Corps of Engineers announced a forthcoming administrative rule to close enforcement loopholes, restoring protections to 20 million acres of wetlands, more than half the nation’s streams, and drinking water for 117 million Americans.
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