A big gamble
“I analyze this very differently than most. Many argue that you can’t cut taxes because it will drive up the deficit. But we have to do two things. We have to generate economic growth which generates revenue, while reducing spending. That will mean instituting structural changes to Social Security and Medicare for the future ...” What do the Republicans and Florida Sen. Marco Rubio mean when they speak of “structural changes?” You guessed it.
Tax cuts, and the debt that results, simply provides rationale by conservatives for gutting retirement and medical care for the elderly, eventually leading to the necessary privatization of both Social Security and Medicare, something conservatives and Republicans have longed to do since their inception.
Imagine, if you will, what happens to your Wall Street-broker-invested retirement funds, payroll benefits that previously were stashed away for you in a safe and sound trust fund, when the bottom falls out of the market, like it did in 2008, and millions lost savings from their 401K accounts.
But why worry about the retirement and care of our most vulnerable citizens, when Wall Street fat cats can gamble with our money and make billions of dollars in profits for themselves?
Michael D. Newman
This letter is in reference to a recent Letter to the Editor (The Daily News, Dec. 2) by Alan Howard.
Al, your criticism is well-known. Now, please explain how businesses are created or grow. If a business grows or succeeds who gets the profit? How is a business create from the bottom up?
Do not believe Trump when he brags about his tax cuts that just passed the House. That tax bill is filled with poison pills that Paul Ryan and his pals tucked in. It is a tax cut for the top percent, saving the rich billions of dollars at our expense. They plan on paying for the wealthy tax cuts by making deep cuts to veteran’s benefits, Medicare, Medicaid and Social Security. The middle class and working poor will be taxed higher and higher over the next five years. College students are talking about dropping out because they will be charged even more. People are already in a panic asking how will they be able to afford to eat or pay their rent? The tax cuts alone saves the Trump family a billion dollars a year. Very self serving with no thought, or care, as to how it will effect our country. Also, 13 million will be kicked off of health care. If we have no money we won’t buy anything — no cars, homes, groceries, etc. Our economy will crash and people will suffer. All while Trump milks taxpayers with his constant vacations and uses the White House to push his Trump merchandise. That is against the constitution. Vote out anyone that voted for this nightmare tax bill. Register to vote. The life you save may very well be your own.