*Menu
Search
Submit
McCook Gazette
Letter to the Editor

Impose a 'wealth tax'

Thursday, June 13, 2019

Dear Editor,

I would like to see the US Congress pass a new program into law which would replace the former "Aid To Families With Dependent Children" program which was passed under FDR in 1935 and abolished in 1996.

Ever since its abolition, there has been a large increase in the number of people (especially children) living in "extreme poverty" (meaning living on less than two dollars per day) and "deep poverty" (meaning at a level half of the official poverty line).

It could be paid for by adopting a "National Wealth Tax" of 14.25% on all individuals with a net-worth of $10 million and higher which is exactly what Donald Trump proposed in 1999 before he became what I have always believed to be a "FAKE-conservative."

In return for receiving this assistance, all recipients would be responsible for doing some type of volunteer work and/or job-training since one thing that both Republicans and Democrats do agree upon is that no one should ever get "something for nothing."

Sincerely,

Stewart B. Epstein

Rochester, N.Y.

Comments
View 1 comment
Note: The nature of the Internet makes it impractical for our staff to review every comment. Please note that those who post comments on this website may do so using a screen name, which may or may not reflect a website user's actual name. Readers should be careful not to assign comments to real people who may have names similar to screen names. Refrain from obscenity in your comments, and to keep discussions civil, don't say anything in a way your grandmother would be ashamed to read.

  • There's a lot of aid to a lot of different classes of people. Just recently we are hearing of aid to farmers. Because of floods or tariff problems or some other reason. It's still aid. It is also still " something for nothing". They didnt do anything to earn the money. They just get it because they may be facing financial ruin if they dont get it. You saw even larger aid to big banks about 10 years ago. They too got " something for nothing". Why would it bother someone that maybe a mother with kids to support would get " something for nothing" when people who are quite capable of taking care of themselves load up on huge amounts of " something for nothing" ? The perspective that some people have about this issue seems off. I dont think they give it much thought. They echo some sentiment without thinking it through.

    -- Posted by bob s on Thu, Jun 13, 2019, at 12:35 PM
Respond to this story

Posting a comment requires free registration: