To the editor:
The tax-and-spend folks who write letters to this editor in support of governments doing such, remind me of a form of cannibalism. In the end they may realize that they were cannibalizing themselves. It is easy to see why they vote for politicians who allow them to put their hand in other peoples' pockets.
When I attended Michigan Technological University more than 50 years ago, my economics professor wrote on the chalkboard the formula for calculating our country's Gross National Product. He ended the formula with a big G, saying this is government spending. He also said that when more than 50 percent of the voters are dependent on government tax spending, we will have lost our country as we know it. Aren't we there today?
Having been born at the start of World War II, I watched our Greatest Generation win that war, and go on to create through private sector capitalism, the highest standard of living the world had ever seen for everyone, including the poor. I asked my father in 1957 why Mr. King of Calumet was able to own new Cadillac cars and go to Florida every winter. He told me he worked for it. My dad said for me to go to college, get a job, work hard and I will be able to go to Florida. I did so, having observed over the following years that everyone, including floor sweepers, were also going to Florida. Great job, The Greatest Generation.
We are at a critical point in this country, when we can still end this tax-and-spend extravaganza. If we don't, the middle class and the poor are going to end up with nothing, including loss of our freedom.
The Federal Reserve and the large banks are creating and printing money at excessive rates to fund the tax-and-spend programs of the last 10 or so years. If Hillary Clinton becomes President of the World Bank, I will know we lost our country.
The Daily Mining Gazette welcomes letters to the editor from readers.
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