Where are the Jobs?
The government is spending a lot of money that we don’t have in an attempt to stimulate the economy. The problem is very few people in the government understand what does and does not stimulate. Spending government money on a local or state government only provides more of an opportunity for the local or state government to misspend more money.
Very few legislative bodies operate with a balanced budget; most people who work in a government job don’t understand income and expenses. Hiring three people to do what amounts to a half a job, puts three paycheck out on payday but doesn’t accomplish much except accelerate the day you arrive at insolvency. Very few government employees are busy all day. Most government payrolls could be cut in half and improve efficiency.
Small businesses are the source of most of the jobs in this country today. They always have been. There’s a great deal of uncertainty right now, what will happen to us with the new health care requirements, how will the new finance reform bill effect small businesses? The bill will affect banks, if the legislators don’t expect the impact on banks will not trickle down to the people (small businesses) who are serviced by the banks they’re not only naïve but stupid.
The deficit spending is getting out of hand; the tax burden is going to rise for all of us in many different ways. Each employer right now is trying to understand how the new laws will impact the cost per employee. Those small business that are thriving in this tight economy are not looking to expand or hire, they’re staying with what they have until they understand the costs involved in hiring now employees. The small businesses that are thriving now are run by smart people who are used to success. They understand risk and they understand success. They learned from Kenny Rodgers “Know when to hold them and know when to fold them” Right now smart business people are holding or folding, they’re NOT raising their bets.
The left wing legislative agenda doesn’t come cheap. The money required to pay for all of this has not been collected as tax revenues yet. Most of it hasn’t even been earned as income yet. As the hole gets deeper and deeper and the deficit grows, the elected representatives who were supposed to look out for the best interests of the tax payers will look to raise taxes even more. Increasing regulations and the potential for much higher taxes, is not an environment to take risks in.
Liberal Social policies cost money, other peoples money. Smart business people and smart individuals don’t want to foot the bill to pay for a liberal social agenda. As the government digs deeper into our pockets the smart people put less and less into their pockets. The calculation individuals use to make decisions on their investments is effected by the painfully high tax burden. The burden that already exists and the anticipated burden that will take effect in the near future will cause quite a few investors to choose not to put their wealth at risk. Cash will not be available in the private sector in the form of loans or capital. It will stay as cash in some very low yielding savings and safe. Earning only 3 percent on cash and only having to pay the painfully high taxes on a 3 percent gain is a smarter investment than investing in a small business that could hire 50 people, but stands a more significant chance to fail due to the cost of taxes and other employee expenses. Not to mention trying to succeed in this current tight economy.
Ms. Thatcher was right when she said that the problem with socialism is that eventually you run out of other people’s money. We have reached that point. The social spending is being done with money that is not in the treasury, our debt is piling up, the problem is being compounded every day and we have no idea where the solution is or how it will affect us.
Smart people who understand business know the crisis is building and when it hits it will hit hard. Why but assets at risk now?
If you have assets why put them in a position to put yourself at a disadvantage later. Those in elected office can’t grasp that. They expect everyone to put their assets out there to create new jobs and to allow the government to confiscate their earnings in painful taxes because they need to fund their social agenda. They have a hard time grasping that higher taxes don’t necessarily mean higher revenue. They also have trouble understanding that investing is voluntary and that high taxes cause less money to be invested.
They also have trouble understanding that success is not a dirty word. They don’t see how their agenda is punishing success, and the punishment causes less success to happen. Less success provides less revenue and less to tax. As you discourage success you prevent a lot of income and you stifle growth. The rich are not the bad guy of the economy. The rich are the engine that drives the economy. Encourage them and the engine drives fast. Punish them and the engine runs slow or stops.
Stop punishing success. They government is trying to take care of the takers and it is punishing the makers.
Vote the Bums Out,