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Letter: Corporations should have to pay fair share
Mike Wyrick
Apr. 11, 2016 1:00 am
William Murchison's April 4 column 'Sanders is getting away with murder” may have ran on the wrong day. April Fools' Day would have been a more appropriate day for it to show up in the paper.
Murchison contends that it is wrong that Bernie Sanders wants to redistribute wealth, but if you look at the income tax rates from when America was booming (post World War II through the 1950s) it is easy to see that having the wealthy pay their fair share is good for business.
The problem is that the wealthy have systematically found ways to have their own tax rates lowered over time, through political influence on those rates and the lower/middle class has been asked to pick up the burden of this upward 'redistribution of wealth.”
The real problem came when the situation got so dire that the middle and lower classes could no longer afford to buy more than just the most basic things - the economy collapsed.
While some corporations act in positive ways for society, too many of them act like spoiled children with 'profit at any cost” as their only goal.
Murchison wants us to believe that corporations create wealth. It is people buying things that create wealth and if they can't afford to buy things then everyone loses.
All that Sanders and his supporters want is for corporations and the wealthy to pay their fair share. Clearly, corporations are the ones that are 'getting away with murder.”
Mike Wyrick
Cedar Rapids
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