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America’s Great Income Inequality Debate Rages

Editor, News-Register:

“I can do something often accomplishes more than something must be done,” as the Trump administration announces that the Supplemental Nutrition Assistance Program (SNAP) will not be rolled out on Nov. 1, disrupting food access nationwide.

On the other side of town, the major stock indexes closed at record highs. 401K plans soar in value as workers think out loud “what is wrong with this.” If you deposit $50 a week into a growth fund — which can be done by workers with a 5% contribution and 4% corporate match then sharing 1% or more with the 401K Plan the annual merit raise will leave them nest egg of over $1 million dollars. A 10% return on growth fund will take a wage worker 7.2 years to double his or her money, a .5% bank account will take 144 years. If you live that long.

The Trump Administration is advocating for the government to build wealth by providing additional tax breaks to the elite 1% of the wealthiest Americans, reducing spending on programs that provide a safety net to the most vulnerable of this country’s citizens. Income inequality is out of control.

The French Revolution was not about liberty but began from French leaders hurling endless insults, much like what was seen at the Trump Address to Congress. The rising costs of bread on the streets of Paris, all societies that have gutted the middle class in history, have failed. Democracy is the worst form of government except for all the others.

Going to work every day is the key to having wealth.

Michael Traubert

Wellsburg

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