Letter: Thought better for economy
In reference to the Aug. 6 letter to the editor, John C. Morton informed us that if the Republicans in the House would go along to pass the Senate's version of the tax reform bill, "It will raise taxes only on the top 1 percent of our taxpayers — 99 percent of the taxpayers in Sutter and Yuba counties will not have their taxes raised a single dime ..." Also that this 1 percent has caused job to be created overseas "where the job creators' products are manufactured by dirt cheap workers."
It seems we need to have "dirt cheap workers" here and not overseas, and by taxing the top 1 percent, my taxes will not be "raised a single dime." Has someone been drinking that water from Washington, the water the Senate and House drink?
This is not a question of being right or wrong, but rather of understanding. Just reading "The Wealth of Nations" by Adam Smith and the down side of Keynesian would help.
Margaret Thatcher said, "The trouble with socialism is that you eventually run out of other people's money." We need politicians who understand economics, can balance a budget and are able to stop this economic chaos that is preventing real job growth. We need people who know that printing more money is not a good long-term solution. We must rely on thought and knowledge rather than emotions.