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Old 10-16-2008, 07:55 AM
 
Location: wrong planet
5,161 posts, read 11,398,703 times
Reputation: 4336

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Oh, but let's not forget socialism for corporations is GREAT.
Socialism for people is BAD.

The previous poster is most likely correct...he is plumber, not a economist.
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Old 10-16-2008, 07:56 AM
 
Location: Western, Colorado
1,599 posts, read 3,105,366 times
Reputation: 958
Quote:
Originally Posted by domino View Post
I guess Joe the Plumber also has a degree in economics. I doubt that Joe knows the definition of socialism.
I don't recall the term "spreading the wealth" in either micro or macro economics, or any of the other economic courses I took.
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Old 10-16-2008, 07:58 AM
 
2,488 posts, read 2,910,458 times
Reputation: 830
When needing financial advise, I will ask the guy fixing my toilet.
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Old 10-16-2008, 07:58 AM
 
5,715 posts, read 15,006,486 times
Reputation: 2949
Quote:
Originally Posted by motoracer51 View Post
I don't recall the term "spreading the wealth" in either micro or macro economics, or any of the other economic courses I took.
You didn't study Robin Hood in college?
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Old 10-16-2008, 07:59 AM
 
Location: T or C New Mexico
2,600 posts, read 2,310,913 times
Reputation: 607
Insuring employees: small businesses do not have to insure, or offer insurance to their employees, they are however required by law to carry workman's compensation insurance, which will partially cover an employee, should they get injured or disabled on the job. Employers are also required by law to pay into other government funds for social programs.
This is why, so many Americans have no health care coverage, it's simply NOT AFFORDABLE for them, with the present minimum wage standard.
Employers who offer health care coverage make the employee pay for it, and, most times, the coverage isn't all that great, it's kind of like receiving a 20% off coupon for health care, depending on wheather the company offers different levels of health care insurance.
I had a relative who worked for the US Government, and people naturally assumed that this relative received all health care and death benefits free, because he was working for the gov., and this was simply not true, my relative had to pay into a group insurance plan, and, even then, the coverage wasn't that great.
Employers who pay taxes, are actually paying for many different things the government does. such as social programs like unemployment compensation funds, social security, and so forth.
When a person starts a small business, they're required by the IRS to initially fill out an estimated earnings and tax form, so, when a person buys or starts a new company, they are advised upfront of what their estimated taxes might be. if a person thinks they can't afford the taxes of the business, it's best they do not try it. this is when schooling, small business admin., and accounting procedures is beneficial to anyone wanting to begin a new business, or buy one.
with the present economic climate, I don't know why anyone would want to start a new business, at least not until things become a bit more stable.
Quote:
Originally Posted by cap1717 View Post
Joe, the plumber, was told, by Barack Obama, that if his company makes more than 250,000 per year, he will be taxed an additonal 3 % ( I think it is 3, maybe 4%) on any earnings OVER 250,000! Hmmm, if someone told me that I would be incur an "additional, minimal tax" on earnings over 250,000 per year, I would be delighted at the prospect! Joe, will, of course, get "tax breaks" for every job he creates, under Obama's plan, as well as assistance in paying for the health care coverage for his workers. . . poor Joe. . . !
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Old 10-16-2008, 08:01 AM
 
1,474 posts, read 2,292,319 times
Reputation: 463
Guess that means one more vote for McCain doesnt it.
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Old 10-16-2008, 08:02 AM
 
Location: Idaho Falls
5,041 posts, read 6,192,636 times
Reputation: 1483
It's great to see that many of the Obama-bashers around here have about the grasp of political theory as Joe the Plumber.
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Old 10-16-2008, 08:02 AM
 
Location: Western, Colorado
1,599 posts, read 3,105,366 times
Reputation: 958
Quote:
Originally Posted by World Citizen View Post
You didn't study Robin Hood in college?
No, but I did in grade school.
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Old 10-16-2008, 08:05 AM
 
Location: Western, Colorado
1,599 posts, read 3,105,366 times
Reputation: 958
Quote:
Originally Posted by idahogie View Post
It's great to see that many of the Obama-bashers around here have about the grasp of political theory as Joe the Plumber.
And it's great to see people that want gov't handouts for which they did not earn nor deserve.

Some people are just pathetic; lacking integrity and as a last hope, lean on the gov'ts teat for "help" at the expense of other, hard working Americans.
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Old 10-16-2008, 08:06 AM
 
Location: London UK & Florida USA
7,923 posts, read 8,813,756 times
Reputation: 2059
Default "Joe Wurzelbacher"..Related to Keating.

It is now coming to light that "Plumber" Joe Wurzelbacher is a distant relation to Charles Keating. Wurzelbacher is said to be related to Charles Keating's Brother-in-Law. There is also doubt as to whether "Joe" is registered to vote. He may already own a small business. Many people have already felt that"Joe" was a "plant" to try to bolster McCains Tax strategy and throw doubt on Obama's Tax policy. It will be interesting to see what facts now come to light about "Joe the Plumber". He seemed awfully convenient to pop up just before the last debate.To be honest, any plumber working for a company and earning over $ 250,000 per year would have no problems raising capital to invest in his own company. Why is joe talking as if he has to decide between feeding his family or starting a company? How does a man who works for a company, not manage on over $20,000 a month. Even after tax and even after a tax increase, Joe is earning an extremely good salary. That is if Joe isn't an "agent provocateur".
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