A Great Nation Should Care For Its Poor
To The Reader’s Forum:
Christmas is the time for giving, so this is the perfect time to give a tax cut to the nation. Why, because we deserve it and it’s Christmas. We really need it because our economy is stagnant and we need to increase our spending so that we will create more jobs.
Is our economy really stagnant, though? We have an unemployment rate of 4.1 percent, one of the lowest among industrialized nations. As of November 2017, US GDP Growth was revised up to 3.3 percent in the 3rd quarter, the highest in 3 years. The stock market is at record highs and companies are reporting record profits. Why then, has all this good economic news for the wealthy not translated itself into higher wages for the middle class and poor?
Where is St. Nicholas when you need him? St. Nicholas is the origin of Santa Claus, as we know it today. He came from a wealthy family and was a bishop in Turkey. He gave money to poor families and poor women so they would have dowries to get married. So I ask you, where are the St. Nicholases within our super rich? We have enough of them. There is one family in America whose combined wealth in 2010 was as large as the wealth of the bottom 48.8 million families in the United States, or 41.5 percent of all American families.
If the super rich were all like St. Nicholas, the government would not have to create entitlement programs like Social Security, Medicare, Medicaid, the Affordable Care Act, food stamps and welfare. There is enough wealth in this nation to cover the needs of those who are without. No, we want to give more to the rich under some misguided promise that they will create jobs and increase our wages. They have not done that with previous tax cuts. Why would they do it now?
The measure of our success as a nation should not be measured by the increased wealth of those at the top nor the high numbers in the stock market. The measure of success/greatness for our nation should be measured by how we reduce the percentage of people that are homeless and living in poverty. When we can alleviate the dilemmas that force millions of Americans to choose between rent and food, or rent and medicine to keep them healthy and alive, then we will be on the road to becoming a great nation.
Let us hope we become a great nation, which favors the poor over the rich and taxes its people accordingly.