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I did mention the JOBS THAT ARE CREATED by Mr. Business man before, right?
If jobs are created by Mr. Businessman, what is keeping him from ending this painful recession simply by hiring a few million people? Do they all hate America enough to be able to enjoy watching so many of her people suffer?
FACT: Mr. Businessman is not the system. He is merely another relay switch within a much larger system, responding to this signal from the system in one way and that signal from the system in another way. Respond to a signal improperly and a short-circuit occurs, potentially causing the business to shut down entirely. In a not surprisingly self-serving manner, the Cult of the Entrepreneur greatly overvalues the role that Mr. Businessman actually plays within the economy.
If jobs are created by Mr. Businessman, what is keeping him from ending this painful recession simply by hiring a few million people? Do they all hate America enough to be able to enjoy watching so many of her people suffer?
FACT: Mr. Businessman is not the system. He is merely another relay switch within a much larger system, responding to this signal from the system in one way and that signal from the system in another way. Respond to a signal improperly and a short-circuit occurs, potentially causing the business to shut down entirely. In a not surprisingly self-serving manner, the Cult of the Entrepreneur greatly overvalues the role that Mr. Businessman actually plays within the economy.
Sure. No one needs jobs. They are all created by the governement. "Mr. Buisnessman" IS THE ECONOMY. In order for buisness to hire, they need demand for thier products and ability to expand. How do you get demand for products? Tax cuts. It is THE ONLY thing that has worked in the past. Keeping money in the hands of the people stimulates the economy. Giving to the government just results in the same thing they always do- blow it irresponsibly.
FACT: Mr. Businessman is not the system. He is merely another relay switch within a much larger system, responding to this signal from the system in one way and that signal from the system in another way. Respond to a signal improperly and a short-circuit occurs, potentially causing the business to shut down entirely. In a not surprisingly self-serving manner, the Cult of the Entrepreneur greatly overvalues the role that Mr. Businessman actually plays within the economy.
Spoken like a true lawyer.
I wonder how much economic growth lawyers kill off in a year?
If the government initiates new rules / penalties regarding health insurance - and initiates a "sur charge" to pay for health insurance, and if the income tax rate goes up some more etc., I (and I know MANY other business people) may say - "the heck with it" and close up shop. Lay off all my employees and simply retire.
Ah, threats. If you all are actually teetering as close to the brink as you report, it would be just a matter of time before something pushed you over the edge anyway. As impacts from health care reform will be spread in varying degrees across the economy as a whole, thereby minimizing the relative impact that you will actually face, why not simply adjust your cost and pricing paradigms and continue to go forward? It isn't like there is some anti-<GreatDay> scheme playing out on Capitol Hill. It sounds to me like you're just admitting that your businesses and those of these many that you know are simply too poorly positioned in their markets to withstand new stress or strain of any sort at all.
Quote:
Originally Posted by Greatday
The fact is - compliance with all the Government guidelines now - and the taxes etc are tough enough - but, heap much more on the small business owners (who make up the majority of businesses in the US - and provide for most of the employment in the US), more and more small businesses are going to go out of business - and really hurt the economy.
Yes, as some love to point out, small businesses create most of the new jobs in the economy. Less frequently noted is the fact that they create most of the new unemployment in the economy as well. Many small businesses are not subject to the full slate of fair labor standards laws and so can fire people more or less at will, and of course they simply fail at spectacular rates and throw everybody in the place out of a job. Between 2004 and 2005 for instance, SBA reports that small business births created more than 3.6 million new jobs. Woohoo! But small business deaths created more than 3.3 million newly unemployed people. The net gain is about 10% of the gain that so many so often claim.
Otherwise, it is not unexpected news to hear that small businesses are adversely impacted by a major recession. Everyone is. If that weren't the case, it wouldn't be a major recession. But the health care system is still a major disgrace and growing economic calamity that is long overdue (thanks lately to typical Republican intransigence) for rebasing, and these special pleadings on behalf of poor small businesses seem to me to be just another crocodile-tears attempt to reap the benefits while externalizing the costs.
Sure, tax the rich so they can't re-invest in their businesses, not pay their employees, maybe force them out of business (GM?) so there's more unemployed, not invest in other businesses which might result in failure and/or generally squelch the initiative of those with money to support any free market investments. Unemployment... well, when unemployment funds runs out there won't be any unemployment there just won't be any jobs.
So why don't we just have a flat tax, everyone paying the same penalty to the federal government. That way the amount you are able to spend is dependent on your initiative to make the cash before spending. Of course, that could result in a massive reduction of the size of the IRS resulting in more unemployment requiring those guys to show some initiative to get a real job.
Between 2004 and 2005 for instance, SBA reports that small business births created more than 3.6 million new jobs. Woohoo! But small business deaths created more than 3.3 million newly unemployed people. The net gain is about 10% of the gain that so many so often claim.
Would that have been 3.3 million unemployed before a small business birth or 3.6 million unemployed. Or did those workers birth at the same time as the company organization, resulting in a .3 million increase in population?
You have economics exactly 180 degrees out of phase wrong.
1. If you give consumers, who do not employ anyone, $1,000 to spend, that money provides a minor short term bump in spending and is gone. If you give employers (or the wealthy who employ people), they invest that money in expanding thier buisness, which creates jobs. Those same people who have been hired by the buisnessman have money thousands of times over (a paycheck) with which to stimulate the economy. A tax cut to the poor is dead money. A tax cut to buisnesses and investors stimulates the economy.
2. If you tax $1000 at essentially 100%, the government gets $1,000. If you cut taxes to individuals dramatically (say 20%), there is alot more money in the private sector which can be used to buy things. So when that thousand dollars is spent on a washer and drier, that encourages more production and sales on the part of that vendor, who in turn hires more people. That thousand dollars circulates through the economy thousands of times, resulting in stimulation of the economy and jobs growth, while increasing governenment tax revenues. That samd $1,000 is taxed thousands of times at 20%, resulting in large upticks in tax revenue.
Giving money to the poor in "stimulus" and increasing taxes on the people who actually create jobs is a recipe for disaster. We are seeing that policy unfold as we speak. Sadly, it will only get worse, as history has shown us only tax cuts stimulate economies.
You're assuming that employers who could be considered "rich" pay their employees out of their household taxable incomes, which aint true.
Obama started with the $250,000.00 figure as the measure of what constitutes "the rich." But consider where the people are who are earning $250,000.00 per year. By and large you'll find them in large metropolitan areas. The significance of that is that in such areas $250,000.00 is not all that plush.
Uh, yes it is. You make more than virtually everybody. According to the Rich-O-Meter, at $250K, you are in the top one-thousandth of one percent of people in the world. Or you can check with the NY Times and see what class you end up in nationally based on income, wealth, education, and professional variables.
Quote:
Originally Posted by JimMe
To begin with federal, state and local taxes eat about 50% of that amount, or more. Then there is the cost of living. Have you priced houses in metro areas? Not to mention child care and any number of other living expenses that are outrageously expensive. And if they save for retirement and for the kids' college education they're not living lavishly. Obama used that figure knowing he could generate class envy with it. But the reality is much different.
Try getting by on $50K. The people who do get by on $50K pay most taxes at the same rates you do and confront the very same cost-of-living patterns and life-cycle demands as you. They just have a much, much harder time dealing with them than you do.
Obama chose that number because the pool of income shared by those making $250K and more is large enough to provide the needed levels of new federal funding without causing any of the pool-sharing people to suffer any actual hardship at all.
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