Cash Craft Company
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November 21, 2017
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Rory's wrong idea
Nov 20, 2017 | 229 views | 0 0 comments | 5 5 recommendations | email to a friend | print
Dear Editor, As one of Councilman Rory Lancman's constituents and a career journalist, I oppose his plan to improve New York City's news coverage through taxpayer-funded media. These new outlets will become “De Blasio's Daily Bulletin” or “Bill's Broadcast News.” We'll get puff pieces on our mayor's achievements, which he claims many New Yorkers don't appreciate, and a total avoidance of anything he regards as "off topic," just like his contentious press conferences. Lancman blames poor coverage of the Mayor's office and City Council for a record low election turnout on November 7. But maybe the media's reporting of poor performance by both the mayor and City Council caused nearly 80 percent of eligible voters to stay home. City Council members voted themselves a 32 percent raise last year. What have they done to earn it? Lancman failed to restore P.S 164's polling site that's been closed for five years. Lefrak City voters got their polling place back in November after it was closed for less than two months. What's his excuse? Local weekly newspapers like the Queens Ledger/Brooklyn Star do a great job of covering news in their readership areas. Lancman compared his idea to public funding of PBS and NPR, called for "a tote bag in every pot." This is one pot taxpayers should avoid at all costs. Sincerely, Richard Reif Kew Gardens Hills
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Bottom up
Nov 20, 2017 | 109 views | 0 0 comments | 4 4 recommendations | email to a friend | print
Dear Editor, The proposed purpose of the Republican tax reform is to spur corporations to invest in expanding productivity, resulting in an alleged economic expansion that will raise the national gross domestic product. According to their claims the average American will receive a $4,000 annual income increase. Often cited by tax reform proponents is that the U.S. has the highest cooperate tax rate in the western world at 35 percent. Yet all economists note that the nominal rate, the rate actually paid in taxes by corporations, is just over 18 percent. President Ronald Reagan passed tax reform claiming “trickle down” benefits to the average and poor Americans. No financial benefit resulted to the average American, rather the wealthiest became richer. David Stockman was the author of the trickle-down theory, and in later years disavowed the concept as a failure. Ross Perot called it “voodoo economics.” The Republicans state the tax refund is to benefit the middle class. With the top 10 percent growing richer daily, the middle class has decades of stagnant wages and harder times to make ends meet. There are hundreds of thousands of Americans fighting daily to pay the bills hoping for a better life for their children. Many work 40-hour weeks earning minimum wage while hoping for a second job to help. Rather than trickle down, it is time to raise the economy from the bottom up. Anyone working a 40-hour week should be paid a living wage of $15 an hour. The more money the poor and middle class families have the more they will spend. Their increased economic wealth will demand higher productivity, increasing employment, increasing taxes to the government, and will make the wealthier richer. Sincerely, Ed Horn Baldwin
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New bus over BQX
Nov 20, 2017 | 111 views | 0 0 comments | 4 4 recommendations | email to a friend | print
Dear Editor, Financing for the Brooklyn-Queens Connector (BQX) continues to be the unresolved issue for this project. Supporters originally claimed it could be built for $1.7 billion, but Mayor Bill de Blasio said $2.5 billion. Imagine how many more billions it might cost when completed? Claims that construction would start in 2019 and service begin by 2024 are wishful thinking. The completion date could be several more years. There are many narrow streets along the proposed corridor that will have to compete with vehicles, bicycles and pedestrians. No neighborhoods have come forward to accept the two multi-acre operations, maintenance and storage facilities necessary to accommodate 52 or more street cars. The mayor promised riders would pay the same $2.75 fare as those using the subway and bus, including free transfers. But he fails to identify how the city will provide the MTA with operating subsidies to cover the cost of lost revenues. The journey for a project of this scope can easily take 10-20 years before becoming a reality. Given the uncertainties of project financing and growing costs for utility, sewer lines and water main relocation, a new limited stop bus route along this corridor would make more sense. Sincerely, Larry Penner
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