Sunday, November 28, 2010

Too many are in the wagon and not enough are pulling

Being a very lucky person, no, let me start again.  Being a person who has worked for many years, sometimes more than two jobs at a time, I have enjoyed doing some traveling with my husband here and abroad. Seeing Washington DC and Chicago was great and the Caribbean is the best. Came across the following letter I had to share.

Dear Editor,

Despite the fact that we are in the worst economic recession we have ever seen, and have the highest unemployment in our history and most small businesses are on the brink of bankruptcy, one would think common sense tells us that tax reduction and not tax increases are needed for private sector job growth to lead us out of this depression.
Tax increases will discourage any investment that businesses of all sizes need now to grow and add jobs. Instead of encouraging investors to take risks on creative new business ideas, tax increases will have the opposite effect. Start by selling off all government-owned companies and reduce the size and waste of government.
Everyone knows that government-owned companies are personal piggy banks for, and only benefit, some politicians and their political cronies.
Under socialism, incentives either play a minimal role or are ignored totally. A centrally planned economy without market prices or profits, where property is owned by the state, is a system without an effective incentive mechanism to direct economic activity. By failing to emphasize incentives, socialism is a theory inconsistent with human nature and is therefore doomed to fail.
Socialism is based on the theory that incentives don't matter! In a one-on-one debate several months ago with a Marxist professor from University of Minnesota, I pointed out the obvious failures of socialism around the world in Cuba, Western Europe, Venezuela and North Korea. At the time of our debate, Haitian refugees were risking their lives trying to get to Florida in homemade boats. Why was it, I asked him, that people were fleeing Haiti and traveling almost 500 miles by ocean to get to the "evil capitalist empire" when they were only 50 miles from the "workers' paradise" of Cuba?
If this government does not halt and reverse this continuing move towards more and more socialism, which will only tax everyone out of their homes and businesses, we may soon see a tea party.
"A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned - this is the sum of good government," stated Thomas Jefferson.

Peter Gunn

     This letter was found not in some newspaper in the states but in the paper of a small Caribbean island.


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