Letters to the Editor

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ECONOMY: Tax structure must be more equitable

Letter by Robert Jacklin, Lakewood on Nov. 10, 2011 at 11:34 am | 23 Comments »
November 10, 2011 12:42 pm

With all the productivity gains going to the top 1 percent since 1980, the middle class is starved of the money to serve as stimulus for the economy.

Since 1980, all growth stimulus was created by credit card borrowing, borrowing against inflated home prices, decline of savings rates, more two-earner families and deficit spending exacerbated by tax cuts primarily benefiting the well off.

None of these mechanisms are available now to reignite the economy. What is left is revision of the tax structure to more equitably spread the productivity gains to those who actually made them and will spend them.

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