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Letter to the Editor: Educating yourself important
Newspaper 2

From LaVern F. Isely

Monroe

To the editor:

What it takes for any person to be a better citizen is first to know your subject well enough that you can write about it. That’s why the two most important things I learned in life from the person who made out my yearly income taxes was that you should be in the top ten percent of your profession and if you are, even if that profession is going bankrupt, you’ll still make money. The second most important is that you should like to pay federal income tax because all it means is you have a job and you’re making money. 

That means the farm, house or car you will get it paid for. That is — unless you have a lot of bad habits such as drinking, smoking and gambling. So, you better clean up your bad habits if you want to be a good citizen for your family and your own good health.

Since most people start out at the bottom and work their way up the income ladder, they have to realize the importance of a good commercial banking system in your town. You’re going to have to learn which one you’re going to work with if you ever need to borrow money. A good example is first start a bank savings account to show your banker you at least know how to start, as well as checking on the banking system itself to see if it’s safe.

That’s why you must have elected officials voted into office by yourself to make sure that they are watching the system so it doesn’t go bankrupt like it did in 2008 under the Republican Bush-Cheney Administration. Rich billionaires, in most cases, invest in the stock market which I have no interest in because I consider myself a working person, working my way up the ladder.

I read good books and the one that got me to be a Democrat was “ROOSEVELT: Soldier of Freedom” by James MacGregor Burns where Democrat President Franklin Roosevelt explained just exactly how we were going to win World War II. That is by starting a fair federal income tax system based on ability to pay, starting out at the bottom with a 10 percent bracket and working your way up the ladder at 10 percent increments to a top income tax bracket of 90 percent.