This letter respectfully responds to a Dec. 4 letter writer's remarks concerning billionaires. He states that billionaires are the top recipients of entitlements, but they leave their profits in offshore accounts. Furthermore, the writer appears to condemn Republicans by saying they believe the middle class is not deserving of privileges like Social Security and Medicare.
Republicans have never tried to take Social Security and Medicare from anyone. They have only attempted to keep these programs sustainable. With a deficit that now exceeds $18 trillion, the programs are unsustainable.
Furthermore, Democrats never appear willing to address the subject. Thus, in the long run, Social Security and Medicare will fail.
The writer claims that billionaires want all the protections and services of police, firefighters, government contracts, and the military, but they do not put their profits back into the U.S. He also seems to incorrectly imply that only Republicans are billionaires.
To ultimately be successful, billionaires must carefully invest their money legally in order to make a profit. When they make a profit, they pass it along in salaries, heath care benefits, raises, pensions, and other benefits to their employees.
Likewise, billionaires look for legal ways to make the best use of their profits, so they can improve and expand their businesses. This, in turn, benefits the communities they serve, as well as our nation.
Crushing taxes, the overreach of the EPA, and big government regulations have placed major stumbling blocks in the way of small and large businesses. This keeps them from making profits and prevents them from helping our economy to prosper.
The EPA and government should let "capitalism" work without so many stumbling blocks. This often drives billionaires to take their profits and businesses off shore.