Tale of two cities a scary one
Oct 09, 2013 | 1293 views | 0 0 comments | 79 79 recommendations | email to a friend | print
Dear Editor:

The “tale of two cities" is in essence government confiscation of wealth, via taxation from the “haves” to the “have not's” growing out of control as advocated by mayoral candidate Bill de Blasio.

Sooner or later, the producers of wealth will be outnumbered by the takers, and we are perilously close to that point. Those who create wealth and income will eventually go on strike, demanding that they be able to keep more of what they earned.

To end this out-of-control spiral, government must destroy all its credit cards and be put on a fiscal diet today. A multi-year freeze on spending, balanced budgets and real down payments to reduce long term deficits are the cure.

If not, our economy will continue to decline. The result will be a standard of living turning from one of affluence to a Third World city with most everyone living in poverty.

Sincerely,

Larry Penner

Great Neck

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