Re Aug. 29 letter by John Tuohy, “Government should take no credit for business success”
Thank you, Mr. Tuohy, for your letter. It clearly defines corporate and business goals, which do not “exist merely to pay taxes and provide jobs and benefits.” Your very logical and simple argument simply underlines why there is no such thing as “trickle down economics.”
You undoubtedly hail Reagan Economics as the savior of our economy. Your honest appraisal of what you believe is exactly what Republicans think it means to be a businessman in the U.S.: Take all and leave nothing, if possible, and thank you for all the tax cuts and individual deductions you get.
Your astute comments underline Republican economic philosophy, which asserts that our entire U.S. economy should be kneeling at the feet of business. South Carolina, of all states, should remember how well the rice economy did without slave labor.
The writer lives in Myrtle Beach.