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Forum, Dec. 1: How About a ‘Trickle Up’ Plan?


Thursday, November 30, 2017
How About a ‘Trickle Up’ Plan?

Full disclosure: I am not an economist, but I am old enough to have lived through prior “trickle down” economic tax plans. These seem to culminate in huge budget deficits.

It makes me wonder why no one has ever proposed the opposite, a “trickle up” tax plan, wherein the tax breaks go to the working class. It could be argued that more money in the pockets of the public would lead to more spending. This could very well lead to even larger corporate earnings than we’ve been seeing.

Ed Eastridge

Thetford Center

A Fateful Anniversary

Saturday is the 75th anniversary of the first man-made, controlled, nuclear chain reaction. It was an early step in the Manhattan Project, designed to beat the Nazis to an atomic bomb. The experiment was performed in a former squash court, located under the grandstands of the University of Chicago football field.

President Roosevelt and most scientists had no doubt that Hitler would use the bomb, if he got it. Remember the Holocaust! Post-war investigations proved that there were German and Japanese nuclear bomb programs in process that didn’t reach completion. Intermediate range missiles were developed in Germany and thousands were rained down on England, from France and Poland.

The scientists on the Manhattan Project knew that if it succeeded, they would enable great harm through weapons, and great good through energy release without burning fossil fuels. They foresaw nuclear power for ships and the electric power system.

All involved also knew they would be releasing more energy and generating vastly more radiation than they had to deal with before. The reactor had a system for automatic instantaneous shutdown, and a backup.

After the war, the government labs built for the Manhattan Project began work on peaceful uses of nuclear energy, as well as advanced weapons development. Several types of reactors were designed and pilot projects built and operated. One type has the fuel in liquid form, so it can’t melt down, and is being developed by former Dartmouth and MIT professors.

Howard Shaffer

Enfield

Mascoma Toy and Food Drive

Volunteer firefighters and Fast Squad members in Enfield, Canaan and Grafton are holding their 6th annual Holiday Toy and Food drive at Huse Park in Enfield on Sunday starting at 9 a.m.  Over 300 families in the Mascoma Valley School District are helped each year through this endeavor. 

About 10 or so years ago, Enfield Fire Department and Fast Squad members learned of some families in town that didn't have much of a Christmas due to their financial situation, so they started a holiday toy and food drive. Not only was it hugely appreciated by the recipients, it's also proved to be a blessing to the volunteers.

Later, Canaan Fire Department and Fast Squad members and Grafton Fire Department members joined in to cover a wider area. The goal is that no child or family in the district will go without during the holidays.

Anyone knowing of a family in need this Christmas can make a referral to Beth Felix (project coordinator/leader) at 603-306-6058.

Cindy Kudlik

Grafton

Advice From the High Moral Ground

In response to Jeff Lehmann’s letter, “Time to Leave, Sen. Franken” in the Nov. 28 Valley News.

I applaud Mr. Lehmann’s taking the high moral ground in recommending that Sen. Franken resign. I have a question for Mr. Lehmann: Do you stand on the same high moral ground and offer the same advice to Donald Trump for his sexual misconduct?

Dana Seguin

Lebanon

About Corporate Profits

The arguments that I have been reading from the GOP for restructuring the tax code are to allow corporations to compete in the global market, and create more revenue to create more jobs. They tell us that a reduction in the corporate tax will ensure a thriving economy for the future, and that we shouldn’t worry about the fact that it will increase the U.S. government’s debt. These corporations really need to be bailed out from such a stifling tax burden.

So I did a simple fact check and discovered the following about 2015 profits: Apple, $53.4 billion; JP Morgan Chase & Co, $24.4 billion; Berkshire Hathaway, $24.1 billion; Wells Fargo, $22.9 billion; Gilead Sciences, $18.1 billion; Verizon Communications, $17.9 billion; Citigroup, $17.2 billion; Alphabet (Google), $16.3 billion; Exxon Mobil, $16.2 billion; Bank of America, $15.9 billion.

So, please explain to me again why they need a tax break? I’m just not getting it.

 David Wilson

Orange