“The tale of two cities” is in essence government confiscation of wealth, via taxation from the haves to the have nots, growing out of control as advocated by mayoral candidate Bill de Blasio.
Sooner or later, the producers of wealth will be outnumbered by the takers. We are becoming perilously close to that point. Those who create wealth and income will eventually go on strike, demanding that they be able to keep more of what they earned. To end this out-of -control spiral, government must destroy all its credit cards and be put on a fiscal diet. A multi- year freeze on spending, balanced budgets and pay-as-you-go spending is the cure.
If not, our economy will continue into decline. The result will be a standard of living turning from one of affluence to a third world city with most everyone living in poverty.
Larry Penner
