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. Page 4 LIVONIA GAZETTE· HONEOYE LAKE COURIER. LIMA RECORDER· HONEOYE FALLS TIMES ARE WE SAVING? People who only a few years ago were lamenting a miscreated front called Reagonomics are nowadays looking about to find, retroactively, flaws in the grand design. An instructive example of this took place on the pavid Brinkley hour on Sunday. Rep. Jack Kemp, identified beyond any other man with the retreat from high marginal tax rates, and associated therefore with thP. idea of supply-side economics, was being given a hard time by Sam Donaldson and George Will. G. W. began by WORMS ON THE RIGHT By William F. Buckley, Jr. probing two points. Supply-side economics had promised that it would encourage the propensity to save; in fact, the American people are saving less now than they ever saved before. Second, how is it that our deficit is so large when it was promised that for every dollar in reduced taxes, there would arise a corresponding dollar in government revenues from energized industrial activity? Mr. Kemp. did not hal)dle the challenge with precision, which is a pity since he is vastly' instructed in the general subject Concerning the rate of savings, it is true that the United States' 3 percent savings rate is . miserable in comparison with, for instance, that of West Germany (12 percent) and Japan (16 percent). In the years beginning with the first tax reduction law of 1981, savings worms are the ones genera II y secn digging for some grist with which to make its daily bread. I am speaking of any of a number of reporters, broadcasters, or media pcoplc, who burrow into pcoplc's private lives with little or no regard for the truth, U1C representations they might make or U1C damage they might do to people's lives. I am happy to report that none of thesc types work for me, and if I have my way, never will. An example is the current NFL stirke and the overuse of Ule word \scab\ by the media. Granted that \scabs\ arc people who cross picket lincs, but the inference is clear, that these types are less than perfect, less than good, somchow subhuman. Ed. Note: This article . Here come all the worms was concieved and wrillen /0 burrowing around, making their prove a point to a couple of living.s off these \scabs\, eople who didn't think I could eS'pecI~lIy .gru~by of these P. ,r, sitthenng, creepmg gnomes are pull it off. As far as whether oJr . the fat ones who sit in the not I accomplish what I set out·/o do, only you, the reader, can be announcer booths at football the judge. games during the strike, saying' Worms come in all things like, \this is a disgrace,\ sizes, shapes and varieties. Indeed, and,\'this isn't real football.\ All the New Century Dictionary the time they are there earning (cirea. 1934) describes worms thier living off these \scabs\ thusly: any of numerous small playing not \real\ football, and creeping animals, with more. or having crossed the picket lines less slender, elongated bodies, and themselves to' make their without limbs, or very short unconscionable bucks. ones, including individuals of I have to adniit that I widely differing kinds... have never liked the media, still Probably the fIrst that don't, and will continue to' point comes to mind and most common out the abuses of the Fourth of all are the night crawlers, or Estate. The business is . full of c.vthworms that many of us have these types of worms and they used as bait for fishing. They're s.hould be st~pped o.n and squashed nice, but I come today to speak of lIke the sl.'my thmgs that thel a worm of (please excuse the pun) are,. crawlm~ around . on therr a different color. belites, searchmg for a bite. . The type of worm I am What these creatures try speaking of (and no, this is not to ~o t~ you ~nd ~e and to an attack against the articles presldenual candidates IS ~n abuse recently written in the Gannett. of a. p~wer Wante,ct under the papers about the demise of consUtuUon. It IS a disgrace. Downtown Magazine, though it . . Well, I hope I got my should be to some degree) can pomt across, and to that o~e ordinarily be found burrowing person out there ~hose nan:te. IS around the remains of a fresh the sar,ne as the title o~ a fifties news story, or in the mourge of rock hil, ~eve~ ~nder~slimate the any number of newspapers, power of a poslUve mmd. --FR magazines, or even in the editorial offices of a television or To Place Ads, radio station, or network. These Call 346-3191 have dropped from 6.7 percent to the present rate. The reasons for this are obvious, and less obvious. People tend to save in order to finance the major contingencies' in life. The first of these is medical health, and here the governments, state and local, and the insurance companies. have, with Medicare, Medicaid, Blue Cross and the like substantially removed the public fear of running out of money to pay the doctor. The cost of living in retirement is greatly reduced by Social Security, indexed for inflation. It is unfair to point out that the stability of Social Security is in doubt: The public correctly assumes that there will be no default in it The one major item to worry about is the education of one's children. The costs of non- public colleges are huge. But in the last few years, grants from state and federal sources, and help from the colleges themselves, have eased the problem, even though the young doctor, lawyer or professor can f}nd himself SIOO,OOO in debt. Now at the other end you have first tile spectacular rise in the stock market. It is a minority that bencfits directly from that rise (47 million buy and sell shares in their own name); but many more millions have interests in pension plans that have benefited from the rise in the stock market. During the past ) 0 years, stocks have increased in value by 217 percent. And then there is the rise in the value of housing. In 1977, the median value of a single family house was $36,000. In 1983, it was $59,000. It's probably more than 575,000 now. One can see that the father of a family who sees 13 percent of his income going into Social Security, 10 percent into a pension fund, 2 percent into medical insurance and 25 percent into a house mortgage payment, on top of which he saves an additional 3 percent -- that man thinks himself to be prudently managing his money. Now, this concededly is not as in days gone by. But our concern for savings has traditionally becn less because we . worry about the indigent elderly than because we worry about the shortage of capital. But there is no shortage of capital at the moment. This, granted, is significantly owing to the flow of capital from abroad, The Spectator by Dick Mayberry I TOWERS Some Towns in the area have been thrashing around for years trying to stunt the growth of towers on every hilltop. Towers seem to grow like day lilies, but are much less lovely. That the battle was coming was obvious with every technological innovation that gave need to a new microwave tower. Unfortunately, towers must go, to be effective, on the most prominent hilltop in the most visible location. They can't be hidden,. and the nearby residents see them as spoili.ng their views of the horizon during every waking hour. They can be seen during the daytime, and if they reach certain heights they must have warning lights at night. Towers also don't necessarily follow population. In some instances a tower is designed and erected to provide some sort of service to the people in the area. Need a residence or transience as in the case of cellular telephone towers. Just ItS often they serve a cross country . interconnect purpose serving the people in Syracuse or Buffalo or Rochester or New York City, but not necessarily the people in the towns where they are erected. That does not make them any the less necessary, but does make the arguments in. their favor less palatable to the people who must decide local issues of location, height, color and buffering. A few of the issues relating to. towers are, once 'lxplained, not real. When someone· speaks of microwaves in our 1980's society, we think . most often of the microwaye oven in the kitchen. There is absolutely no evidence that the microwave towers posed any threat that nearby rcsicicnb will be cooked. Similarly, there appears to be no threat that they cause sterility. All evidence is actually to the contrary. There certainly are enough of those things up UlCre so that we should have seen the problem by now if it existcd. Wc'rc probably going to sce more towcrs rathcr than fewer of them. The cellular telchonc phenomenon was the subject of a recent cover article in Business Weck. Indulging in an all too common abuse of statistics, ule article gave the customer potcntial for the top ten existing cellular phone com panics, and the total for all ten was 199.5 million. Given a population of 250 or so million people, I'm not sure many more than that 199.5 million total has access to a standard telehone at its low cost Cellular phones are expenses. Whatever the market penetration, the number of cellular phones is rising rapidly. In order to service those phones, towers must be strategically placed every few miles, each with a range overlapping the next, to allow for continuous communication as the mobile user drives down the highway. It really doesn't maller a whole lot whether anyone lives in the area; what matter~ is that people drive there. Also, there will probably be at least two cellular phone companies in each geographic are who certainly would not dane to use each other's towers if in fact that can mechanically be done. Therefore, we are stuck with towers. We really ought to be looking around at finding methods to make them look better to make them look more palatable to the people that have October 15, 1987 II as one woutd expect, gtven the trade inbalance. The strategic impact of foreign capital invested in the United States isn't obvious to most economists. It is obvious that our unemployment rate continues to decrease -- and all of this notwithstanding the shibbolcth about America's failure to ·S,1VC. There are other reasons than merely economic in favor of saving. Husbandry of a kind helps the character, though it is thought vaguely un-American not to consume. We consumc greatly on credit, as we know, but that credit is based in most cases on realistic estimates of earning power. The call for increased savings, in the light of the experience of ule past few years, is rather the call of the ethics professor Ulan the economics professor. Supply side has done pretty well. Those who predicted that additional revenues would exactly equal taxes diminished were not scientists .- they were the voodoo men. And they should not be quoted back at . such a~ Jack Kemp, who never made the dollar-to·dollar prediction. All that Kemp said was that we should go in a particular direction. We have; and ule republic is bener off for it. l \ to live ncar Ulcm. So far I've heard many great arguments for allowing towers to be placed within a municipality. None of them make any sense. Thcy arc not there primarily to service U1C people in the municipality, although there is some argumcnt that we have an obligation to our neighbors who do need U1C service. They are not even necessarily there to scrvicc people who are visiting the municipality. If they were merely visiting, they would probably stop and use the much cheaper stationary telephone at the place they're visiting, atlenst inthe ease of cellular phone towers. I . even heard the argument some time ago that the cellular phone tower would be a boon to hunters, since they could carry telephones and be in constant communication with their wives and families. That suggestion at a public meeting in a rural town almost brought about a tar-and-feathering, leading me to believe that most hunters did not necessarily want to be in constant touch with the home front. Any suggestions? Whether or not you do, each municipality had best prepare itself with appropriate regulations to control existing towers and those which will be proposed in the near future.
