People with money aren’t investing in American jobs | Letter

People with money aren’t investing in American jobs | Letter

In her Sept. 1 letter, Ms. Parkins stated, “We need people with money to invest, in order to create business and thus make money for themselves and their share-holders.” It’s this kind of thinking that lead to the Great Depression as well as the Great Recession.

The truth is that the wealth of the world is concentrated into about 400 people who already have the money to create jobs; they just don’t spend it.

Yes, we do have higher corporate taxes than most of the world because we also have the lowest personal income taxes of any of the developed nations. We also enjoy higher infant mortality, outdated and failing infrastructure, and lower education outcomes as well.

Why? In almost every case it’s because Congressional Republicans prioritize companies and the rich over regular Americans. They block federal funding necessary to uphold safety standards and consumer protections. They overturn rules that benefit hard-working Americans.

The reality is when people with small or no discretionary income get more money (you know, the little guys), they don’t save it in an off-shore account, they spend it. They create demand. They boost the economy. And they make jobs for America.

Harold Gross

Issaquah




In consideration of how we voice our opinions in the modern world, we’ve closed comments on our websites. We value the opinions of our readers and we encourage you to keep the conversation going.

Please feel free to share your story tips by emailing editor@valleyrecord.com.

To share your opinion for publication, submit a letter through our website https://www.valleyrecord.com/submit-letter/. Include your name, address and daytime phone number. (We’ll only publish your name and hometown.) We reserve the right to edit letters, but if you keep yours to 300 words or less, we won’t ask you to shorten it.

More in Letters to the Editor

Letter to the editor
Thoughts on North Bend Mayor Rob McFarland | Letter to the Editor

It’s truly incredible that North Bend’s Mayor Rob McFarland has taken a… Continue reading

Email editor@valleyrecord.com
Thoughts on Sallal and North Bend water | Letter to the editor

In response to the Snoqualmie Valley Record’s story about Sallal and North… Continue reading

Why I support Eric Hollis for Fall City Fire District 27 Commissioner | Letter
Why I support Eric Hollis for Fall City Fire District 27 Commissioner | Letter

This year, incumbent Fall City Fire District 27 Commissioner Eric Hollis is… Continue reading

Letters to the Editor, Aug. 30, 2019
Letters to the Editor, Aug. 30, 2019

Snoqualmie public records policy changes; aquatics center

Letters to the Editor, Aug. 9, 2019
Letters to the Editor, Aug. 9, 2019

Purple Heart; thank you; gun control