Three points

The letter The Times published from Charles Blick is ignorant and bigoted [“Prosperity for the rich?” Northwest Voices, Aug. 20]. He is errant on three very important points.

One, he bases job creation entirely on people buying things, yet he totally discounts what the “wealthy” buy because they spend a smaller percentage of their earnings than poor-and-middle-income folk. Yet in absolute dollars, the wealthy spend a lot of money — and they directly employ people in many ways.

Two, who does he think risks the money and creates the businesses where people buy their goods and services? Doesn’t that create jobs in advance of people purchasing anything? Sure, purchases sustain businesses, but it takes money and people up front to start them.

And three, he seems to believe that investments and savings in no way contribute to the economy. Where does he think financial institutions get the money to lend to buy houses, build malls and skyscrapers? It comes from savings and investments.

And how is it that the rich are getting “ever-increasing welfare” when in actual dollars, they pay the majority of federal income taxes, and the bottom 46 percent pay no federal income taxes?

Let’s cut the B.S.

— Mark S. Ursino, Sammamish