- Business notebook: Cape native goes from farm to mobile-food operation (3/20/17)1
- Three out, including city administrator, at Scott City; two resigned, one fired (3/16/17)1
- Several tournaments already booked at Sportsplex (3/16/17)6
- Legal discrimination complaint, ethics complaint filed in Scott City government (3/22/17)10
- Former Scott City administrator: 'I was forced to resign' (3/21/17)6
- Cairo man pleads guilty to bank murders (3/17/17)1
- Two people found dead in Advance house fire (3/21/17)
- Triplett manslaughter case set for July 2018 (3/21/17)2
- Two local lawmakers back charter school bill; Perryville lawmaker objects to measure (3/19/17)21
- Two Cape men charged with second-degree murder of Grandi (3/21/17)2
Oil companies provide jobs, income
To the editor:
Note the headline: "Ford to halt production at 10 plants." Ford also is cutting production by 20 percent, laying off people and closing subsidiaries. General Motors also has discharged numerous employees and closed plants, and their suppliers are in bankruptcy. The reason both major companies are in such a perilous state is that they are losing money like a hemophiliac loses blood.
Locally, as well as nationally, many are calling for the big oil companies to be burdened with windfall profit taxes. Why? They are making money, providing jobs and supporting many other companies and organizations. This is the way the free-enterprise system works under capitalism. Don't try to penalize them. The last generation in our country has rapidly become socialistically oriented because so many have become dependent on the state for everything.
I own no stock nor have any investment in the oil companies, but I am all for their making money. If they are making money, they will continue to provide jobs for those who aren't rich, which includes me as a retiree, and many small companies and stations will provide a livelihood for many families and investors, which is the way free-enterprise capitalism works.
WILL E. WADE, Jackson