Wednesday, December 11, 2013
(Continued from page 1)
Uninsured Americans often get their health problems taken care of in emergency rooms, at great expense to everyone.
2001 staff file/John Ewing
Charles (Dick) Thibodeau
Consider causes of job loss when going to polls in 2012
When listening to election year rhetoric, ponder the following:
• Businesses hire workers when the demand for their products and services exceeds the ability to satisfy customers by any other means. Tax policy is a minor consideration when the need to hire is imminent.
• Income tax increases do not fall on Subchapter S corporations and small businesses.
Owners of these enterprises pay tax on the net personal income derived from these enterprises, just like anyone who draws a salary.
Anyone with a net income of $1 million will pay the same federal tax based on their filing status. There is no special class for small-business owners.
• Not all people of great wealth are "job creators."
• The Bank Modernization Act of 1999 allowed banks to become too big to fail. Congress can pass laws that return them to manageable size.
• The Commodities Modernization Act of 2000 allowed unregulated speculation in oil futures, driving prices higher despite ample global supply to satisfy demand. There have been no oil shortages since 2000.
• Congress passed free trade acts that may be favorable to the growth of future industries, but in the short term have allowed U.S. companies to abandon a segment of working class Americans who will never regain the jobs lost to moving manufacturing offshore.
This will continue to keep blue collar unemployment high and incomes low until attrition reduces the number of low-skilled workers in our population.
• Highly skilled young workers employed in technologically demanding trades and industries will eventually reduce unemployment.
• No single politician has the power under our Constitution to remedy unemployment or should be blamed for it.
• A cooperative effort among all branches of government is necessary to put America back to work.
Your vote will be important in 2012.
Amid the bad times, some groups still do good work
With all the negatives in today's world, isn't it beneficial to have organizations that do good work? These groups include: Common Cause, National Wildlife Federation, The Nature Conservancy, Natural Resources Council of Maine and others.
Hopefully they will inspire other organizations and individuals to work for a better world.