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This Is Why There Are No Jobs in America

Corwin8

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POSTS: 8468

Report this Jun. 18 2012, 12:16 pm

This Is Why There Are No Jobs in America
By Porter Stansberry

I'd like to make you a business offer.

Seriously. This is a real offer. In fact, you really can't turn me down, as you'll come to understand in a moment…

Here's the deal. You're going to start a business or expand the one you've got now. It doesn't really matter what you do or what you're going to do. I'll partner with you no matter what business you're in – as long as it's legal.

But I can't give you any capital – you have to come up with that on your own. I won't give you any labor – that's definitely up to you. What I will do, however, is demand you follow all sorts of rules about what products and services you can offer, how much (and how often) you pay your employees, and where and when you're allowed to operate your business. That's my role in the affair – to tell you what to do.

Now in return for my rules, I'm going to take roughly half of whatever you make in the business each year. Half seems fair, doesn't it? I think so. Of course, that's half of your profits.

You're also going to have to pay me about 12% of whatever you decide to pay your employees because you've got to cover my expenses for promulgating all of the rules about who you can employ, when, where, and how. Come on, you're my partner. It's only "fair."

Now… after you've put your hard-earned savings at risk to start this business, and after you've worked hard at it for a few decades (paying me my 50% or a bit more along the way each year), you might decide you'd like to cash out – to finally live the good life.

Whether or not this is "fair" – some people never can afford to retire – is a different argument. As your partner, I'm happy for you to sell whenever you'd like… because our agreement says, if you sell, you have to pay me an additional 20% of whatever the capitalized value of the business is at that time.

I know… I know… you put up all the original capital. You took all the risks. You put in all of the labor. That's all true. But I've done my part, too. I've collected 50% of the profits each year. And I've always come up with more rules for you to follow each year. Therefore, I deserve another, final 20% slice of the business.

Oh… and one more thing…

Even after you've sold the business and paid all of my fees… I'd recommend buying lots of life insurance. You see, even after you've been retired for years, when you die, you'll have to pay me 50% of whatever your estate is worth.

After all, I've got lots of partners and not all of them are as successful as you and your family. We don't think it's "fair" for your kids to have such a big advantage. But if you buy enough life insurance, you can finance this expense for your children.

All in all, if you're a very successful entrepreneur… if you're one of the rare, lucky, and hard-working people who can create a new company, employ lots of people, and satisfy the public… you'll end up paying me more than 75% of your income over your life. Thanks so much.

I'm sure you'll think my offer is reasonable and happily partner with me… but it doesn't really matter how you feel about it because if you ever try to stiff me – or cheat me on any of my fees or rules – I'll break down your door in the middle of the night, threaten you and your family with heavy, automatic weapons, and throw you in jail.

That's how civil society is supposed to work, right? This is Amerika, isn't it?

That's the offer Amerika gives its entrepreneurs. And the idiots in Washington wonder why there are no new jobs…

Regards,

Porter Stansberry


Let the bridges I burn light the way. You are special, just like everybody else. Calling an illegal alien an ‘undocumented immigrant’ is like calling a drug dealer an ‘unlicensed pharmacist’

Invader_Wishfire

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Report this Jun. 18 2012, 1:22 pm

You forgot to mention the fact that business tax rates are actually between 13.3% and 26.9%, depending on the type of business (sole proprietor versus S or C corporations). You also forgot the part about large corporations outsourcing half a million jobs since 2000.


But don't let actual facts get in the way of your little rant.

FleetAdmiral_BamBam

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POSTS: 46327

Report this Jun. 18 2012, 1:48 pm

Oh.... and don't forget all the costs of actually following the regulations.


 


The USA now currently has the highest corporate tax rate in the world, but I don't think anyone is surprised due to our last few administrations.


 


A few weeks ago, our company decided that even though we have enough work for a lot of new employees (not just the division that works for me,) due to the additional government-related costs being thrown at us, we will NOT be hiring anyone else in the near future.  Instead we will be having our current staff handle the load as overtime (for the non-salary employees) is a lot less expensive.


DammitJim6200

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POSTS: 6876

Report this Jun. 18 2012, 1:53 pm

It's not that hard,the rich has gotten away with too much in the past, now they must get taxed and pay their share, redistribute the wealth and give taxe incentives for the private sector and small business.

FleetAdmiral_BamBam

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POSTS: 46327

Report this Jun. 18 2012, 2:08 pm

Quote: DammitJim6200 @ Jun. 18 2012, 1:53 pm

>

>It's not that hard,the rich has gotten away with too much in the past, now they must get taxed and pay their share, redistribute the wealth and give taxe incentives for the private sector and small business.

>
aka... STEALING.  Take money from the competent and give it to the incompetent so that the incompetent can compete against the competent using the competent's own money.  That is not what government is for.


 


And you still haven't answered my question about what the "rich's fair share" is....  The top 1% already pay more in income taxes than the bottom 95%.  What's "fair"?


- 96%
- 97%
- 98%
- 99%
- 100%


 


And what's the fair share for everyone else?  Especially for the half of the populace that doesn't pay any income taxes???


 


Tick tock...


Invader_Wishfire

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POSTS: 27518

Report this Jun. 18 2012, 7:20 pm

We may have a higher corporate tax rate, but we also have plenty of deductions and tax credits that the corporations can use to reduce the effective tax rate by a onsiderable amount. Not to mention that the tax code allows employees to get paid first, reducing the amount of taxable income for the corporation.

Corwin8

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POSTS: 8468

Report this Jun. 18 2012, 8:29 pm

Quote: Invader_Wishfire @ Jun. 18 2012, 1:22 pm

>

>You forgot to mention the fact that business tax rates are actually between 13.3% and 26.9%, depending on the type of business (sole proprietor versus S or C corporations). You also forgot the part about large corporations outsourcing half a million jobs since 2000.

>But don't let actual facts get in the way of your little rant.

>


You forgot to pay attention. I didn't write it. Not my rant. While I agree with most of it, you have yet to dispute any of the statements. All you have done is whine about outsourcing and specific tax rates when this is obviously a generalization. 


So check your facts before you accuse me of any rant. I am not Porter Stansberry. 


But don't let the fact that you did not read the whole article, that included the authors name, get in the way of your nitpicking reply. 


Or do you think we, as a country, are not over-regulating our businesses into failure? Or do you want to regulate our way to prosperity? Much like spend our way to austerity? 


Let the bridges I burn light the way. You are special, just like everybody else. Calling an illegal alien an ‘undocumented immigrant’ is like calling a drug dealer an ‘unlicensed pharmacist’

FleetAdmiral_BamBam

GROUP: Members

POSTS: 46327

Report this Jun. 18 2012, 8:41 pm

Quote: Corwin8 @ Jun. 18 2012, 8:29 pm

>Or do you think we, as a country, are not over-regulating our businesses into failure?
One name everyone should know: Cass Sunstein - loves writing regulations to put people out of business and harm consumers.


We've got hundreds of thousands of regulations at just the federal level (and according to regulations.gov, over 6000 new regulations in the last 3 months.)  It is impossible to abide by all the regulations as nobody fully knows them or understands them.  There are also conflicting regulations - you abide by one and are in violation of another.


FleetAdmiral_BamBam

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Report this Jun. 18 2012, 8:50 pm


entropyman

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Report this Jun. 18 2012, 9:14 pm

The American way of doing business is being strangled by over-regulation and an over-burdening of our employers for the sake of government expansion. The socialist dream is becoming a reality in America, thanks to fools like Obama. Socialism doesn't work, can't work and is a failed form of governance- just look at Europe. How can it work when it takes away any incentive to work hard? The Chinese claim to be  communists, but even they see the value in a strong economy driven by capitalism. Obama is trying to turn the U.S. into a socialist society at a time when the rest of the world is learning the hard way that it's unsustainable.

caltrek2

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POSTS: 2654

Report this Jun. 19 2012, 6:18 am

Well, I would like to give this opportunity to somebody who I found who also agrees that there are too many regulations in this society. His name is Bugsy Malone. So, take it away Bugsy.


Bugsy: Yah, in my line of work there are just too many regulations. If my industry dumps toxics into a river or sends crud into the air, what business is it of govinment?


Yeah, people should take personal responsibility. If the air has too many toxins, folks should jus buy air masks to filter the stuff out. Or why not install a water purifier in youse house so ya don't have to worry about pollutants in youse water?


If I want to give a loan and then charge a 50% monthly interest rate, why shouldn't I be able to do that?


And why should the govinment get involved in how I collect on that loan?


We don't need govinment to protect our selves.  My cohorts an I will be more than happy to protect youse for a modest fee.  


Consider how govinment interferes wit competition. If we is compeetin wit another group of folks, and we did decides to put a contract out on somebodies, why should govinment care?


...but, oh no, govinment has gots to get involved wit all them stupid regulations to stop such things. Mitt Romney has got it right. We needs less police and firemen. As for teachers, my cohorts and me will be more than happy to take young folks under our wings and teach them how our business works and how they can earn a buck workin with us.

entropyman

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POSTS: 127

Report this Jun. 19 2012, 10:01 am

That's very funny. You should be a comedian, Bugsy, since your politics are so absurdly cartoonish. As for Caltrek2, do you really think conservatives want dirty air and dirty water? How does that translate? Did I pay fifty percent interest on anything before His Lordship Obama took the throne? You're just making things up to mock anyone with an opposing point of view. If you can't argue it, then just shout it down and laugh.

Invader_Wishfire

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POSTS: 27518

Report this Jun. 19 2012, 4:48 pm

Quote: Corwin8 @ Jun. 18 2012, 8:29 pm

Quote: Invader_Wishfire @ Jun. 18 2012, 1:22 pm

>

>

>You forgot to mention the fact that business tax rates are actually between 13.3% and 26.9%, depending on the type of business (sole proprietor versus S or C corporations). You also forgot the part about large corporations outsourcing half a million jobs since 2000.

>But don't let actual facts get in the way of your little rant.

>

You forgot to pay attention. I didn't write it. Not my rant. While I agree with most of it, you have yet to dispute any of the statements. All you have done is whine about outsourcing and specific tax rates when this is obviously a generalization. 

So check your facts before you accuse me of any rant. I am not Porter Stansberry. 

But don't let the fact that you did not read the whole article, that included the authors name, get in the way of your nitpicking reply. 

Or do you think we, as a country, are not over-regulating our businesses into failure? Or do you want to regulate our way to prosperity? Much like spend our way to austerity? 


You forgot to read what I actually said. If you had, you would have noticed that I didn't say that you wrote it. But you did post it. You also would've noticed that I did actually dispute what the post said.


But don't let your preference to ignore things like that get in the way of insisting that you're right even though you won't or can't actually back up the claims made.


And if our country is over-regulating businesses into failure, why are there more businesses opening and, as a result, more people working now than since the economic crisis started?


 photo spok_zps253ab564.gif

caltrek2

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POSTS: 2654

Report this Jun. 19 2012, 5:22 pm

"That's very funny. You should be a comedian, Bugsy, since your politics are so absurdly cartoonish. As for Caltrek2, do you really think conservatives want dirty air and dirty water? How does that translate? Did I pay fifty percent interest on anything before His Lordship Obama took the throne? You're just making things up to mock anyone with an opposing point of view. If you can't argue it, then just shout it down and laugh."


@entropyman,


Bugsy thanks you for the compliment.


As to your points about air, water, and interest rates, I just get so tired of the same old rant about excessive government regulations without specifics mentioned.  Sure, it sounds great to talk knowingly about a highly generalized concept like "excessive government regulation", but it is meaningless until you start identifying specific regulations that you think are examples of that "problem".


If the U.S is more regulated than other countries, and I doubt that it is the case in comparison to other coutries with advanced economies, it is because of such things as environmental laws and regulation of the finance industry. 


Now I have heard some complaints about affirmative action oriented laws and and I have addressed those complaints in other forums. I have also expressed deep skepticisim about the idea that the market place, left to itself, would produce the same level of worker safety and protection as does OSHA.


With those two exceptions, I simply never hear of exactly what regulations there are that are excessive. So I ask you, give me some specifics.  If you don't, then Bugsy may be back to give some more of his ideas on the subject   


 

Broadstorm

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POSTS: 828

Report this Jun. 19 2012, 7:32 pm

The problem is what happens without the regulations.  Consider the Cuyahoga River, aka "the river that caught fire" as an example. or the Shrek glasses.  Without regulations, companies will use whatever cost cutting tricks they can.  If that means that rivers catch on fire, or children drink out of cadmium painted glasses, well, at least the business owners cna improve their profit margins.  Of course, if some business owner wants to complain about regulations and whip out the Stalin references, then they could always go camping for a month, 1 mile downstream from their own factories, drinking the water & eating the fish.  Don't forget your Shrek glass!

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