To the editor:
A new breed of Republicans wants to cut taxes and force down wages. Where will tax revenue come from? Think long-term impact.
It isn’t only union wages that go down. It’s most wages. If all unions get busted, and those millions upon millions are receiving less, that translates into most other workers making less money because workers across America will quit spending money. When workers quit spending money what happens for the long term? People go out of business, thus more job losses.
Carpenters, plumbers and electricians go out of business because workers cannot afford more houses. Property values sink because there is no money and foreclosures continue to rise. New auto sales will slump again. More retirement plans will go up in smoke because Wall Street will take a dive because spending that drives investors is nowhere to be found.
Millions more will not be able to pay for medical insurance. Sales taxes will increase because all other tax sources have gone up in smoke. Infrastructure will go longer without maintenance and/or replacement.
This is but a short list.
By the way, what happened to old-school fiscally responsible Republicans?