Loading ...The investment TAX CREDIT used by President Kennedy created the BOOM years of the Sixties ..I bought 50,000 worth of machinery from an American Company that made excellent machines. Thats in 1960 dollars ! OUR BUSINESS WAS BOOMING everybody had jobs ,in fact help was hard to find…We were allowed to EXPENCE some investments which means if you invested ,it came right off of your taxes…I made more money in those years than I make today …I put 30% cash down on a house I bought for 17,5000…I didnt need Health insurance I pAID CASH FOR MY CHILDRENS BIRTH ..THE WHOLE HOSPITAL BILL WAS $250 ..DR INCLUDED that represented about 2.5 weeks wages for the average worker in those days ..try doing that today ! The only thing Health Insurance did was create a MIDDLE MAN …that added nothing to the service but an addition 30 % to the COST….Bring back the investment TAX CREDIT and manufacturing …the economy will boom….
Immigration was mostly Cubans whom I gladly hired and they turned out very well ,black employment was high I had 15 % of my staff was black and very productive …We had some union problems but our employees rejected them whenever they tried to union ize us .The problems were Government corruption with the unions ,but our 150 employees rejected both of them.. This was in NJ (not a right to work State ) .OUR own Government finally did us in and exported our entire industry …just like they did to Shoe,Garment ,Furniture,business… cloth weaving etc…
GOVERNMENT IS THE PROBLEM