Letter: It’s time to take ‘taxation’ into our own hands (Nov. 21, 2008)
Editor:
I first moved to Maine in 1958, a time when the public did not have to take taxation into their own hands, like we do now.
We have not seen the end of tax reforms here in Maine at all. But who is responsible for the train wreck we are in now?
But why oh why are we considering financial aid to General Motors? GM has labor costs at $40 per hour and Toyota and Nissan are half that right now.
GM must put aside $1,500 per car to cover the cost of pensions at this time.
Toyota and Nissan puts $150 aside per car sold. GM’s Unions now negotiated to put $35 billion (that’s billions aside for the unions for retirement) and now they want an additional $9 billion more by 2010.
Toyota and Nissan does not have a union.
What Americans need is a GM that files Chapter 11 and go into bankruptcy, not what Obama, Reed and Pelosi want.
When is the press going to write this story up?
If we give GM money, how about DHL, Federal Express, Chrysler and Ford. There is no end of giveaways.
Let capitalism work. It is the best in the world, up until government gets its fingers into the pie.
Don Curry
South Portland


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