U.S. Rep. Frederica Wilson’s Jan. 20 Other Views column, To repair the economy, listen to MLK, has some good points. Doing what Martin Luther King said is much better than the government trying to spend us back to a healthy economy. That doesn’t work.
Most bureaucrats in Washington know nothing about starting or running a successful business. Profit is not a dirty word. If the government just gets out of the way, except for necessary watchdog activities, Americans would start businesses, invest more in their current business and hire more people as they succeed and grow.
The government should just do two things: Stop issuing thousands of regulations and lower taxes. The ability to succeed and make a profit grows the economy. Plus, when we get unemployment down to around 4 percent, wages will grow the right way, because of supply and demand. A scarcity of labor in the marketplace will cause employers to pay more for talent — not just because Wilson and others think it’s a nice thing to do.
Buddy Newman, Coral Gables