Letters to the editor
Readers write in about Wall Street, the need for an informed citizenry, the US economy, and peace.
Restore sanity to Wall Street
Regarding the David Francis column, 鈥�Four ways to tax Wall Street鈥檚 rich鈥�: The US government shouldn鈥檛 stop with a capital gains tax, it should start with it. We need to restore sanity to Wall Street, eliminate speculation, and encourage investment. Today, stocks, and especially derivatives (think oil futures), are valued on emotion, the whim of one stock broker thinking the price has peaked versus another who thinks it鈥檒l continue to go up.
We need to tax capital gains heavily on longer timelines for yields and discourage speculation. To stabilize commodity prices, their derivatives should be restricted to market participants. We need to eliminate margin loans. We need Wall Street to work for us, to provide the seed money for innovation. We don鈥檛 need Wall Street getting fat and rich off our hard work while it destabilizes our economy and nation.
MICHAEL WOLF
Colfax, Wash.
America: still No. 1?
"A New Year鈥檚 resolution: Don鈥檛 accept US decline," was an excellent editorial. The major reason for negative thinking about the future of the United States is simple: TV network news delivers bad news and controversial stories 24/7. Americans must turn off the TV news channels and read quality newspapers for impartial news. With an informed citizenry, the US will once again become a nation of problem solvers and a beacon of hope for the human race.
ROY WETHERINGTON
Tifton, Ga
This editorial states, 鈥淭he World Economic Forum ranks the US as No. 2 in global competitiveness....鈥� It should be noted that the US score is 5.59, just shy of first-ranked Switzerland鈥檚 5.60. With over 20 percent of the world鈥檚 gross domestic product, the US economy is 10 times the aggregate size of Switzerland and the next four ranked on the list: Singapore, Sweden, Denmark, and Finland. Rather than signaling weakness for the US, the forum鈥檚 report actually highlights the strength of all the top-tier economies.
DAVID K. MCCLURKIN
Beachwood, Ohio
Dialogue will bring peace
John Hughes鈥檚 鈥渢ongue in cheek鈥� resolutions (鈥�From Cheney to Dobbs, resolutions to swear by鈥� ), demonstrates his lack of understanding of the process of dialogue when he says, 鈥淚 would not be comfortable with a group that has just given the [Nobel Peace] prize to a president who talks the talk, but has not yet walked the walk.鈥�
Dialogue doesn鈥檛 make an instant impact like dropping a bomb or invading a country, but it has far-reaching effects that raise consciousness, restore relationships, and create lasting peace. Let鈥檚 give Obama two terms before we judge just how much his talk will result in a more pleasant walk for all of us.
SUSAN M. ANDRUS
Norfolk, Va.
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