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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 half of your profits.
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”.