Carter Nails It - - All Bush's Fault

[Plane]

<<When you raise the expense with taxes you eliminate the marginal player who was getting along with a narrow margin , unless of course he is willing to raise his prices.>>

EXACTLY.  If the guy can't make enough to pay himself and his employees a fair living wage, and can't convince a bank or private lender or family to back him till he picks up speed, then this is the guy who SHOULD fall by the wayside.

Ever hear of a fella called Darwin?

Why does the government want ssmall businesses to go out of business this way ?
That is not just one less taxpayer , it is one less employer too.

[BT]

EXACTLY.  If the guy can't make enough to pay himself and his employees a fair living wage, and can't convince a bank or private lender or family to back him till he picks up speed, then this is the guy who SHOULD fall by the wayside.

Ever hear of a fella called Darwin?

What a wonderful argument against welfare, as well as progressive taxation.

[richpo64]

>>Why does the government want small businesses to go out of business this way ? That is not just one less taxpayer , it is one less employer too.<<

It seems like a simple argument doesn't it? Why on Earth do democrats want to put small business, the largest employer in America, out of business? Do they have a clue? Do they think the only companies that employ people in America are Boeing, Exxon, Johnson & Johnson, or Haliburton? Their vilification of American business can be directly linked to the continuing stock market plunge. What is wrong with these people? I can only assume that democrats, for the most part, are wage slaves who hate the boss, any boss. Hate anybody who does better than them and they don't care what happens as long as their hatred has a direction and a face, "business".

Go through the Yellow pages democrats. You see all those businesses? Those are the people making 250K a year. Those are the people who own Mail Order Companies, Travel Agencies, Machine shops, and Neighborhood Restaurants. Aren't they just the picture of evil!? That bakery owned by your neighbor, he's a real rich bastard ain't he? Marsella's Pizza, rich bastard.

And of course the pied pipers of hate, the leaders of the democrat party throw gas on the fire so they can stay in Washington and soak Fanny Mae.

[Michael Tee]

<<Go through the Yellow pages democrats. You see all those businesses? Those are the people making 250K a year. Those are the people who own Mail Order Companies, Travel Agencies, Machine shops, and Neighborhood Restaurants. Aren't they just the picture of evil!? That bakery owned by your neighbor, he's a real rich bastard ain't he? Marsella's Pizza, rich bastard.>>

Whether he's a bastard or not, a guy making $250K can afford another 10% of his income go to Uncle Sam and still have a nice chunk for himself, take a vacation in the Caribbean and drive a nice car.  How much money does this guy need anyway?  A lot of the Yellow Page businesses you see, the guy is NOT making $250K and Obama's not looking to increase his taxes by one cent.

If any one of those businessmen who ARE making $250K before-tax income or more would come to me and tell me, "You know, with this tax increase, my net after-tax income will fall to only $112K, so I'm just shutting down shop," I'd want to know who his customers are.  In many cases, they'd just take their business to other Yellow Page small businesses in the area - - the other businesses would have to add on extra staff to cope with the overflow, but there wouldn't be any great loss of jobs, net.  If there were some net job loss it would only mean that the same volume of customers is being serviced by fewer providers and a fewer employees, i.e., more efficiently.

Suppose the customers are left stranded high and dry.  Well, if there's a need, some enterprising new businessman will set out to fill it.  Maybe he can cut overhead to less than what the last guy had, maybe he can increase sales or maybe he's content to run the business and take home less net after-tax income than the old guy, but who gives a shit?  If the old guy was earning a pre-tax $250K from his business, he had it pretty good.  Maybe he shoulda just shut up and absorbed the tax hike himself.

[Xavier_Onassis]

Aaah. The magic of the marketplace. Somehow it's always the government's fault if the business fails.

Taxes are just another cost of doing business, like rent. The business needs the police protection, the streets and roads, the services of government lots more than the average citizen.

Capitalism is inherently unfair. Taxing those who manage to harness this unfairness should pay for the added benefits they enjoy.

[Amianthus]

If the old guy was earning a pre-tax $250K from his business, he had it pretty good.  Maybe he shoulda just shut up and absorbed the tax hike himself.

Of course, what happens in the real world is that the business raises it's prices to cover the increase in taxes. So, the little guy ends up paying it anyway.

[Xavier_Onassis]

It's not always possible to pass tax hikes on to customers, and many businesses hike prices with no justification whatever.

Observe that any day when the price of crude oil goes up, the corner gas station raises prices. No way that the oil gets refined that fast.

When the price drops, it takes many days for the station to drop them.

[richpo64]

>>Of course, what happens in the real world is that the business raises it's prices to cover the increase in taxes. So, the little guy ends up paying it anyway.<<

It's a simple concept really. One that seems to allude millions of Americans.

[Xavier_Onassis]

They are alluded in their millions.


Allude?

Actually, it is not always true. Often added costs cannot be passed on. In the case of the inept businessman who decided to pay himself a $250L + salary in lieu of using some of this money for growth, improvement or expansion, he would not be competitive with a second businessman who either could not or did not pay himself $250K+.

If you are in charge of the business, you can pay yourself any bloody thing you wish.

To create jobs, almost always, some investment of capital is required, and that is deductible from your IRS form as a business expense.


Naturally, with your extensive business experience and your $250K income, you may have failed to inquire with your accountant as to how tax laws actually work, much as you forgot to look up the word "allude"

You mean 'elude' by the way.
You have it within your power to be a tiny bit smarter today.
Will you seize the moment?

[richpo64]

>>You mean 'elude' by the way. You have it within your power to be a tiny bit smarter today. Will you seize the moment?<<

Creative? Insightful?

[Michael Tee]

<<Of course, what happens in the real world is that the business raises it's prices to cover the increase in taxes. So, the little guy ends up paying it anyway.>>

Oh yeah, right, the businessman passes the tax increase on to his customers.  That's OK for a little increase.  How long before another small businessman comes along who figures he DOESN'T have to earn $250K from his business, $90K will do him quite nicely, thank you, and he goes into business to provide the greedy fuck a little price-based competition?

You talk free enterprise but you somehow fetishized the small businessman and his right to earn $250K per annum as if it were one of the fundamental rights of the American Constitution right up there with freedom of speech and religion.  And the government is under some kind of sacred duty to keep the rich rich.

[Amianthus]

How long before another small businessman comes along who figures he DOESN'T have to earn $250K from his business, $90K will do him quite nicely, thank you, and he goes into business to provide the greedy fuck a little price-based competition?

No problem if that happens. That's the whole point of free enterprise.

[Michael Tee]

Iggzackly.  And that's why there's no huge problem if Mr. $250K folds up his tent, someone else will come along to do the job cheaper, quicker and better.

[Amianthus]

Iggzackly.  And that's why there's no huge problem if Mr. $250K folds up his tent, someone else will come along to do the job cheaper, quicker and better.

That's assuming that it can be done. There are many areas were a tax will just eliminate the service / product.

[Xavier_Onassis]

That's assuming that it can be done. There are many areas were a tax will just eliminate the service / product.
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There are?

For example?