To the editor:
In 2009, the stock market had dropped to a level not seen in the previous 12 years. The stock market had taken a beating that bad only two other times in the last 100 years.
Newly elected President Obama signed an economic stimulus package into law February, 2009. Three weeks later, the stock market began climbing. The market climb that began in 2009 continues today.
Romney speaks of billionaires as if the American dream would be impossible to achieve without them. Why?
Finland has a high school graduation rate of 95 percent. The U.S. rate is 75 percent. Finland has no billionaires.
Australians live an average of three years longer than Americans. Australia has 1 percent of the world's billionaires.
Japan's per capita prison population is less than one-tenth that of the U.S. Japan has 2 percent of the world's billionaires.
America has 34 percent of the world's billionaires. Do more American kids graduate high school? Do Americans live longer? Do Americans have less crime?
Suppose billionaires get a Romney tax cut - 20 percent, 50 percent, whatever you like. Guess what? Finland will still have a 95 percent graduation rate, Australians will still live three years longer and Japan will still have only one-tenth per capita prison population.
A billionaire tax cut, no matter how you do the math, doesn't add up.