posted on Jul, 19 2012 @ 07:09 AM
The reaon many rich may be moving to Canada is consitancy and stability.
It may not be better in Canada, but you know what to expect.
That one point is why businesses are not hiring. That one point is why businesses are not expanding. That one point is why people like me are pulling
their money out of investments.
Business owners do not know what to expecct from Obama.
Remember, the Obamacare package... is has passed and validated by the Supreme Court... and it is still being written today. Do we know a finalization
of what is really in there...NO.
How about punitive taxes? Obama is still beating up on the businesses and tax rates for the $250,000 income level are going up.
The problem is that small businesses and what they make push the small business owner into that bracket... it doesn't leave room to point out the
actual net income vs gross income...
Heck, my wife and I are not rich, but we do Ok and although things have been tight as of late, we have always lived tight... so the difference is
negligable. But even we have been doing research of moving to a few South American and Central American countries where there are large ex-patriot
communities and a proven stable political and economic enviroment.
One key element a business owner needs is stability... knowing what to expect next year and the year after that. because so much of what a business
does is based on projections and growth... to a giant business $10,000 is a drop in the bucket... to a small busines, it is the difference between
opening next month or closing.
If I have, as a small business owner, $40,000 to spend and invest in my business for next year...Jan 2013... do I want to buy a couple of used pick up
service trucks... some new equipment... promote two of the best workers I have and hire new crews under them and expand my business? This could double
or even triple my service area, business area, get me into a few new service areas. Orders from me go up for new equipment, new fixtures and
accessories to service my customers and expanded customer base... plus all those new crews will be eating out at lunch time... and the maintainnce on
my trucks will add new business to the garage down the street.
Or... because i don't know if I will be taxed more and have to pay penalties for Obamacare... and then to add on to my shop I have to deal with EPA
because there is a stream behind me in the ravine... plus all those oils from servicing my customer... and then will i have to pay for all those new
crews healthcare or will the government cover them... as a small business i only offer minimal coverage at high rates...and if my sales and profits go
up... it will push me for sure into the $250,000 dolar bracket... even though i only made $40,000 last year... the bulk went back into the
So... I decide to wait and see what will happen... give the 2 crews I already have overtime... do not hire anyone else... make the 1992 ford service
trucks run one more year... lease a used storage container unit and park it beside my present shop for any extra needs... run a drop cord out to it...
hidden of course... no permits and it works fine... The garage down the street does not get any extra business... the auto dealership does not sell me
two of the six service trucks he has in his inventory... the crews I do not hire do not eat out at lunch...infact the 6 men I would have hired are
still unemployed and instead of making money, spending money, and paying taxes... they stay on unemployment...getting food stamps, and the system is
drained even further instead of money going into the system.
That is why people are moving out of California... and NY... and into Canada and Texas and Costa Rico and Brazil.