Years of cutting taxes have hobbled California
California is a microcosm of what 30 years of relentless tax-cutting brings. Thirty years ago it had the nation’s No. 1 public school system. Now, it is near No. 48.
Its public college system was top-tier. Thousands of innovative, high-paying jobs in aerospace, computers and engineering were created there because they knew how to invest in their people. Now they’re cutting classes and staff and raising tuition for in-state students.
How many potential engineers, scientists and innovators will not be educated because of the short-sightedness of those who don’t understand that the “free market” isn’t free? Human capital is not just a wasted expense.
We blame “government interference” for our plight. But regulations and programs to help the poor and working classes better their lot are not the problem.
Government has become the handmaiden of the business lobbies. Look at business practices of the last 30 years of deregulation and profit optimization — jobs off-shored, hidden fees and costs with every transaction.
Not only is the customer no longer “always right,” now he is a picked-over carcass to be stripped bare. How’s the interest rate on your credit card these days?
Sandi Campbell
Siler City
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