An American explains. If you are English you get to pay about 80% of your gross income in tax. A large lump disappears before you ever know about it far less see it. If Brown cuts taxes by 20% you would get to keep 40% and double your standard of living. Could this be worthwhile? But read what our American has to tell.
This was on KOA Radio in Denver today; Very good read….Please take the 3 minutes or so to read this. It will really drive home the point regarding WHY our President Elect and all his cronies that he will hire will destroy this economy…….and in time, this Nation………
To All My Valued Employees,
There have been some rumblings around the office about the future of this company, and more specifically, your job. As you know, the economy has changed for the worse and this change presents many challenges. However, the good news is this: The economy does not pose a threat to your job. What does threaten your job however, is the changing political landscape in this country.
Of course, as your employer, I am forbidden to tell you whom to vote for it is against the law to discriminate based on political affiliation, race, creed, religion, etc. Please vote who you think will serve your interests the best. However, let me tell you some little tidbits of fact, which might help you decide what is in your best interests.
First, while it is easy to spew rhetoric that casts employers against employees, you have to understand that for every business owner there is a back-story. This back-story is often neglected and overshadowed by what you see and hear. Sure, you see me park my Mercedes outside of the office. You have seen my big home at last year’s Christmas party. I am sure; all these flashy icons of luxury conjure up some idealized thoughts about my life.
However, what you do not see is the back-story. I started this company 12 years ago. At that time, I lived in a 300 square foot studio apartment for 3 years. I converted my entire living apartment into an office so I could put forth 100% effort into building a company, which by the way, would eventually employ you. My diet consisted of Ramen Pride noodles because every dollar I spent went back into this company. I drove a rusty Toyota Corolla with a defective transmission. I did not have time to date. Often times, I stayed home on weekends, while my friends went out drinking and partying. In fact, I was married to my business -- hard work, discipline, and sacrifice. Meanwhile, my friends got jobs. They worked 40 hours a week, made a modest $50K a year, and spent every dime they earned. They drove flashy cars, lived in expensive homes, and wore fancy designer clothes. Instead of hitting the Nordstrom's for the latest hot fashion item, I was trolling through the Goodwill store extracting any clothing item that did not look like it was birthed in the 70's. My friends refinanced their mortgages and lived a life of luxury. I, however, did not. I put my time, my money, and my life into a business with a vision that eventually, some day, I too, will be able to afford these luxuries my friends supposedly had.
Therefore, while you physically arrive at the office at 9am, mentally check in at about noon, and then leave at 5pm, I do not. There is no "off" button for me. When you leave the office, you are done and you have a weekend all to yourself. I unfortunately do not have the freedom. I eat and breathe this company every minute of the day. There is no rest. There is no weekend. There is no happy hour. Every day this business is attached to my hip like a 1-year-old special-needs child. You, of course, only see the fruits of that garden -- the nice house, the Mercedes, the vacations... you never realize the back-story and the sacrifices I have made.
Now, the economy is falling apart and I, the person that made all the right decisions and saved his money, have to bailout all the people who did not. The people that overspent their paychecks suddenly feel entitled to the same luxuries that I earned and sacrificed for over a decade of my life.
Yes, business ownership has is benefits but the price I have paid is steep and was not without wounds.
Unfortunately, the cost of running this business, and employing you, is starting to eclipse the threshold of marginal benefit and let me tell you why: I am being taxed to death and the government thinks I do not pay enough. I have state taxes, Federal taxes, Property taxes, Sales and Use taxes, Payroll taxes, Workers Compensation taxes, Unemployment taxes, Taxes on taxes. I have to hire a taxman to manage all these taxes and then guess what? I have to pay taxes for employing him. Government mandates and regulations, and all the accounting that goes with it, now occupy most of my time. On Oct 15, I wrote a check to the US Treasury for $288,000 for quarterly taxes. You know what my "stimulus" check was? Zero. Nada. Zilch.
The question I have is this: Who is stimulating the economy? Me, the person who has provided 14 people good paying jobs and serves over 2,200,000 people per year with a flourishing business or the single mother, sitting at home pregnant with her fourth child, waiting for her next welfare check? Obviously, government feels the latter is the economic stimulus of this country.
The fact is, if I deducted (Read: Stole) 50% of your paycheck, you would quit and you would not work here. I mean, why should you? That's nuts. Who wants to get rewarded only 50% of their hard work? Well, I agree which is why your job is in jeopardy. Here is what many of you do not understand ... to stimulate the economy you need to stimulate what runs the economy. Had suddenly government mandated to me that I did not need to pay taxes, guess what? Instead of depositing that $288,000 into the Washington black hole, I would have spent it, hired more employees, and generated substantial economic growth. My employees would have enjoyed the wealth of that tax cut in the form of promotions and better salaries. However, you can forget it now.
When you have a comatose man on the verge of death, you don't defibrillate and shock his thumb thinking that will bring him back to life, do you? You defibrillate his heart. Business is at the heart of America and always has been. To restart it, you must stimulate it, not kill it. Suddenly, the power brokers in Washington believe the takers of America are the essential drivers of the American economic engine. Nothing could be further from the truth. If this is change, you can keep it.
So where am I going with all this? It is quite simple……..If any new taxes are levied on me, or my company, my reaction will be swift and simple. I fire you. I fire your co-workers. You can then plead with the government to pay for your mortgage, your SUV, and your child's future. Frankly, it is not my problem anymore.
Then, I will close this company down, move to another country, and retire. You see, I am done. I am done with a country that penalizes the productive and gives to the unproductive. My motivation to work and to provide decent jobs for decent people will be destroyed; and with it, will be my citizenship.
While tax cuts to 95% of America sounds great on paper, do not forget the back-story: If there is no job, there is no income to tax. A tax cut on zero dollars is zero. So, when you make decision to vote, ask yourself, who understands the economics of business ownership and who does not? Whose policies will endanger your job?
Only when you answer those questions and consider the truthfulness therein, you should know who might be the one capable of saving your job.
While the media wants to tell you "It's the economy, stupid," I am Telling you it is not. If you lose your job, it will not be at the hands of the economy; it will be at the hands of a political hurricane that swept through this country, steamrolled the constitution, and will have changed its landscape forever.
If that happens, you can find me in the South Caribbean sitting on a beach, retired, and with no employees to worry about.
Signed, the Boss
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Updated on 25/11/2012 19:08