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Rich and poor should be treated equally
Thanks to Chris Jacobsen for his recent letter that supports economic opportunity for all Americans (“Government is the problem, not the solution,” page A4, Dec. 27 Herald).
It was also good to see our governor embrace some of his views by supporting Boeing in regards to lessening excessive regulations and taxation to operate profitably.Boeing having record profits often promotes big government supporters to use anothers success as a means of promoting envy and division. Our state is better with Boeing in it.
However, all businesses need to be treated fairly and given the ability to expand and hire. When corporations rise to economic power, they can afford to lobby our legislators in D.C. and Olympia as Boeing did. However, the average small-business owner, the average American, who in the past was allowed to be treated fairly to obtain the American Dream, is forgotten. They do not have lobbyists helping write laws that benefit them.
When regulations are written and taxes are raised, the larger corporations can afford to raise prices. Walmart can charge a little more for a wrench set in order to make up for an increase in regulatory costs or taxes. The small-business person already trying to compete with the corporations can not raise prices and remain competitive. They can not hire more people to provide better service; in fact, often they have to close shop.
Regulation and taxation helps the corporation only. The results of higher taxation and regulation eventually causes less competition for the larger corporations because of small-business failures, or those that never are started.
Wall Street is booming today, the Dow is at record highs, the policies of collectivism today make sure the gap between the haves and have nots stays wide. No one can expand in today’s regulated nightmare but the large corporations. Collectivism has always attempted to control the people and work with corporations to do so.
My belief in America is the rich and poor should be treated equally. It’s about time we live up to our Declaration of Independence and do so.