Tax plan will bring many benefits
I am 64 and have been a small-business owner for 23 years. My recent employee count is 75 people. I started the company in the trunk of my 1995 Pontiac. Since then, I have started six companies, four with success and two that were miserable failures.
Op-ed columnist Martin Schram doesn’t know what he is talking about (“Undoing this tax bill’s damage will take years,” Sunday). Simply because he uses a 50-cent word — cognoscenti — does not make him an expert on the economy. As we are seeing and feeling through our retirementaccount growth, the early indicators reflect a very positive impact the tax plan will have for working Americans.
For example, the majority of businesses in America are classified as small business. Small business typically defines its market regionally. When $1 earned enters a regional market, that $1 has a seven-times impact as it flows through the market.
Part of that $1 buys bread, coffee, fuel, electricity, school supplies, eggs and butter. That $1 has a 700 percent factor of economic impact. So, now extrapolate that into the economic impact that will be generated by Spectrum’s massive investment, the AT&T announcement, Fifth Third Bank and others noted throughout the country. Spectrum will spend billions on infrastructure improvement and expansion. This work will be done by independent small businesses across the country.
The only loser in this tax plan is the federal government, which has demonstrated a history of waste and gluttony using our money.
If the media would get out and talk to some real folks, all might be better prepared to represent accuracy in reporting on the tax plan, the flow of business and how jobs are created. Dublin (Dispatch article, last Thursday). It is a well-built and beautiful building on the West Side and could be converted into apartments, a hotel or office space for Amazon, etc.
The West Side does not need another vacant lot. Where are the city managers in this? Perhaps they are too focused on a place for a new soccer stadium. Mapfre Stadium is in the exact place it needs to be.
Someone should try to convince Mount Carmel owners to try to sell the building as is. Why should they have to pay to demolish it when it can be converted as is? City management might be able to help the West Side in this matter.