Letters to the Editor

Letter: Economics

To the Editor:

Let's look at past history and see if it cannot give a clue to today's problems. Europe, North America and a lot of Russia were developed hundreds of years ago by the white man, with a little help from white woman. They developed private property and the ability to lend and borrow. This allowed for the industrial revelution and our advance state of prosperity.

President Trump is right by saying the best thing the foreigner could do is to learn our methods and return to their country and help them develop. They don't have to tell us what to do and create problems here.

Remember, you can only tax once. What are you going to do next year? We must build a factory so we can export to the rest of the world and earn money. The money we spend on added parts and domestic consumption is just money transferred away from productive assets.

Sales tax and gas tax are hard to avoid. What I have left after income tax, instead of buying stock and growin the economy, I can buy works of art, etc. They probably will increase in dollar value because of the government printing money inflation.

Mandatory reading should be the book "Janesville" on Janesville, Wisconsin. It tells of about 15 people trying to make do after GM, Parker Pen and Lear Seating left in 2008. Our future as jobs are exported.

Walter J. Steffens

Johnsburg

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