Trickle or trickery?
I read Rob Leach’s letter (Aug. 22) with interest and could only detect one error. None of it is true. It is all a figment of Rob’s overactive imagination with perhaps a heaping dose of Fox News.
His major assertion, that lowering taxes increases tax revenue, is provably false. If it were true, would not reducing taxes to zero result in the greatest tax revenue? Reductio ad absurdum.
None other than David Stockman, Reagan’s director of the Office of Management and Budget, one of the original advocates of the “trickle-down theory,” wrote a New York Times op-ed, “How my GOP destroyed the U.S. economy.”
Apparently, Republican policies result in a reverse of gravity as Stockman noted that the top 1 percent of Americans received 66 percent of the wealth while the bottom 90 percent got only 12 percent. Trickle up, Rob?
People earning minimum wage are not going to be buying houses or luxury cars or many goods and services, and the unemployed even less. The greatest threat to America is not terrorists, but the huge gap in the dispersal of its wealth. The present distribution is not sustainable.
Donald N. Fitzgerald
Spokane Valley