Backward business cycle

It was interesting to read the May 10 letter from Hal Dixon proposing the same tired platitudes that all businesses need is less regulation and lower taxes and we will have all the jobs we currently lack. I believe he has the dynamics of a business cycle backward.

What businesses need to be successful is a reliable customer base for their products or services. When that customer base has to devote all of its resources to the daily maintenance of life, there is not much left over to buy other products and services.

Businesses at this time have the lowest tax rates in decades, and have excesses of cash, but they will not create new jobs until their markets improve, which will not happen with increasing wealth inequality.

In addition, successful businesses have a vested interest in a healthier environment, creating a healthier customer base, and in seeing that their tax dollars create a better infrastructure to enable them to succeed. Businesses fail because they can’t sell their product, not because they can’t pay their taxes or conform to regulations.

Daniel Schaffer

Spokane