- Missing Jackson woman found dead in Bollinger County pond (06/23/16)2
- Village of Zalma must disincorporate, law says (06/23/16)5
- I want an angry president (06/21/16)15
- Missouri House votes to allow concealed weapons without permits (04/28/16)8
- Man allegedly kicks woman, punches man after denied a sexual favor (06/23/16)
- Witness says he saw suspect kill his best friend (06/24/16)
- Jackson man accused of felony assault after attack at Cape bar (06/24/16)3
- Advance graduate will become superintendent of its schools (06/21/16)1
- Odd court hearing ends with judge declaring probable cause in abuse case (06/22/16)4
- Business notebook: Plastics firm moves to area to help laid-off workers (06/20/16)1
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