Bicentennial will be exciting eventColumnist Edward Gunts...

LETTERS

August 22, 1996

Bicentennial will be exciting event

Columnist Edward Gunts (Urban Landscape, Aug. 15) has an exciting idea for developing a celebratory town square for the city's bicentennial.

Fortunately, Baltimore will have ''a tangible way to commemorate its bicentennial.'' Through the cooperation of Baltimore Bicentennial Celebration Inc., the Baltimore Harbor Endowment and the Baltimore Development Corp., Bicentennial Plaza will open in 1997 as part of Baltimore's year-long celebration.

Located at the intersection of Light and Conway streets at the Inner Harbor, Bicentennial Plaza will serve as a permanent legacy to the 200th anniversary of Baltimore's incorporation. Its location along the Inner Harbor will pay tribute to our city's traditional connection to the water.

On Dec. 31, 1997, a time capsule filled with mementos of Baltimore will be buried in the plaza for opening during Baltimore's tricentennial celebration in 2097.

Even more exciting, every member of the Baltimore community can become a lasting part of Bicentennial Plaza by purchasing personally engraved bricks or pavers, suggesting items for the time capsule, or becoming a volunteer for any of the bicentennial festivities planned for 1997.

Joshua L. Waldorf

Baltimore

The writer is executive director of Baltimore 200.

Pros and cons of teen motherhood

Linda Seebach (Opinion Commentary, Aug. 11) clearly is not well informed on her subject. Her statement, "When a woman who began single motherhood in her teens ventures into the job market for the first time, after her children are older, she will be years behind where she would have been had she chosen to wait," is true but beside the point. What really matters is how the woman does, relative to her peers who delay child bearing, in the long run.

A recent study by professor Joseph Hotz at the University of Chicago compares the economic and educational achievements of two groups of women similar in all respects except one -- teen motherhood.

The girls in both groups had become pregnant as teens. However, those in the first group had delivered their child, while those in the second had miscarried and then delayed child bearing until they were at least 20. The study showed that those who delayed child bearing were less successful when in their twenties. They earned about $5,000 a year less than the teen mothers -- twice the earnings deficit suffered by the teen mothers while bearing and rearing their children.

The Hotz study clearly indicates that it is economically advantageous in the long run to delay entry into the job market while bearing and rearing children rather than to interrupt a career to bear and rear children. Sadly, teen motherhood is actually the more efficacious strategy for poor teen women.

Those who want to tear down the welfare system and choose teen-aged motherhood as the central problem with welfare need to do more research and better understand the dynamics of the situation instead of making sweeping but seriously flawed pronouncements.

J. Wayne Ruddock

Baldwin

All would gain from Dole idea

The repeal of the 1993 tax law and the 15 percent reduction in income taxes, as suggested by Bob Dole, will not take money away from the poor and give it to the rich.

In addition to giving people more money to spend, it will leave the money with people who invest their capital in productive enterprises which create jobs, instead of giving the money to the government that will spend it on non-productive jobs such as bureaucracies, foolish subsidies or just plain waste.

When jobs are created and there is more demand for labor, the law of supply and demand kicks in and people can demand more money for their services. Thus all levels of society gain in the process. Don't knock the rich. As Sen. Everett Dirksen used to say: "A poor man has never given me a job."

S. Shpak

Neavitt

Dole tax-cut plan too expensive

As a businessman, I am appalled at Bob Dole's plan to cut taxes by 15 percent without specifying how these cuts will be ZTC paid for. This plan will destroy current efforts to bring the federal budget into balance, leading inevitably to higher interest rates, inflation and greater unemployment.

In business, when you need to bring a budget into balance, you can either increase sales, or you can cut expenses, but you never do so by reducing revenues. It just doesn't work.

In addition, the Dole tax-cut plan will worsen the nation's already imbalanced distribution of wealth, with 5 percent of families accounting for 80 percent of wealth.

According to the Wall Street Journal, the tax cut will amount to a more than $11,000 benefit for families making $300,000 to $500,000 but less than $600 for families making $25,000 to $50,000.

Jack Kinstlinger

Hunt Valley

The joy of living in older communities

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