To the Editor:
A bit of advice to the 99 percent of people who believe the 1 percent is taking over America. Yes, they will if you keep your eyes on Facebook and video games.
No. 1: Study economics – it’s interesting and more profitable than video games.
No. 2: Live within your means. Don’t spend $900 for a ticket to a ballgame when you can see it better on TV.
No. 3: Realize that after World War II we were the only store in town to produce cars and other consumer and industrial goods. According to the daughter of the union treasurer of the General Motors plant in Janesville, Wisconsin, in 2008, the wage and fringe benefit of a worker was more than $80 an hour.
Today, 20 years later, the auto worker in Mexico earns a $7.50 an hour wage and fringe, and the China worker gets a $3 wage and fringe. Once the factory is in China, it won’t come back.
No. 4: Money can move anywhere in the world in the blink of an eye. Don’t buy bitcoin; however, block chain tech will be adapted.
No. 5: Let us have the old politicians who know nothing but tax and spending pushed aside.
No. 6: Let us help the people who can earn more than the minimum wage. They have to pay taxes. The minimum wage people should have to put in 40 hours a week working for the city, township or county cleaning, picking up papers, etc.
Working together on economics, we will be better off than following the latest trend of the news media (should we destroy a George Washington statue because he was a slave owner?). We can’t expect countries such as Mexico to accept $71 billion in IOUs or dollar bills every year without it upsetting our economy.
Remember, inflation was the thing that brought Adolf Hitler to power.
Walter J. Steffens