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Readers react to paper mill sales

5:45 PM, Jan. 15, 2013  |  Comments
Xai Kha/Wausau Daily Herald Trees off from Maple Ridge Road nears Wausau Paper in Kronenwetter, have been taken down by construction workers. Photo is shot Friday, August 19, 2011.
Xai Kha/Wausau Daily Herald Trees off from Maple Ridge Road nears Wausau Paper in Kronenwetter, have been taken down by construction workers. Photo is shot Friday, August 19, 2011.
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Editor's note: Online readers discussed the news that, under pressure from the Manhattan-based hedge fund Starboard Value LLC, Wausau Paper would sell its Mosinee and Rhinelander plants. The following are excerpts from comments left on our website. To join the conversation on our Facebook page, visit www.facebook.com/wausaudailyherald.

Keep all of this in mind the next time you hear politicians beating the drum for tax cuts and regulatory vacuums while using the term "job creators" as if that is synonymous with "moneyed interests."

- Jim Rosenberg

Area elected officials need to roll up their sleeves immediately to ensure the continued operation of the paper mill, be it under the ownership of Wausau Papers, another company, or perhaps even as an employee-owned operation. The paper industry was once a mainstay of the economy in Wisconsin with steady work at union-scale wages for its employees.

There has been a domino effect with one Wisconsin River Valley mill after another closing in recent years. Once local control of this industry was ceded to outside money interests looking to make a fast buck and with no ties to Wisconsin, I am afraid the writing was on the wall. It has been devastating to workers who have lost their jobs, their families and reduced tax bases that fund Marthon County's and Wisconsin's outstanding schools and universities.

- Deano Cat

It is just like what is happening to all of America these days, a small minority has determined that short-term profits for the few should determine the future of entire communities.

- Russ Schleicher

Reminds me of Gordon Gekko in the movie Wall Street. It's all about the almighty dollar, not the companies, workers and towns.

- Thomas Bloch

Here we go again. Job destroyers. While I think we all understand the need for corporations to be profitable, we can see the problems with these corporations that look no further than a fast buck. Let's see if Gov. Scott Walker and his cronies have anything to say about this. Before long, there will be no businesses here other than Walmarts and other low-value operations.

- Ed Hammer

Our tax code plays favorites where it should not. The job creators are the ones with vision to see a need, build a firm, run a firm, expand a firm to meet that need. The job creators often need help with the financial management aspects of their business, as vision alone doesn't cause cash flow. Companies that buy and sell other companies are not job creators (or job destroyers) in and of themselves. If done correctly, they help the job creators by providing financing, financial advice, etc. But where there are tax incentives to do less helpful things, that's where the money will go. Both parties tolerate the tax code, with its rewards and punishments, because each party has some of its own friends in the rewards category and some of its enemies in the punishment category. But it is a flawed game, and the American public pays the price.

- William Meyer

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