No Mr. Romney, Rich People Do Not Create Jobs

reply to post by inverslyproportional


The problem is bigger than that. The reason why the country is not doing well is because people on top are working as destroying it. The USA is the last country that the ELITES must conquer and destroy to create a WORLD GOVERNMENT and start changing policies and getting rid of "useless eaters" as they call them.

They're doing to us the same thing that they did to third world countries during the last century. They were using the US as a launching pad to destroy and conquer other countries. Now that all available countries are under control it is time to control the US and kill whatever that makes those United-States so special by starting with the economy and the Bill of Rights and Constitution.

Watch the following

Romney (and the GOP) have always claimed that giving tax cuts to the rich creates jobs.

If this were true, given the fact that the richest Americans are enjoying the lowest taxes they've had since the 1950's, the USA should be in the middle of the biggest hiring boom in the last 70 years.

Originally posted by 3chainz


Also, without customers or the workers... the rich or small business owners would be nothing. The owners ablity to hire new people is solely based on the consumer. Everyone is just as important in capitalism, you cannot have one without the other. The relationship is interdependent.

this needs to be shouted from the rooftops!

Originally posted by thov420

Originally posted by Char-Lee
reply to post by MystikMushroom

 

My husbands family owns a restaurant in Oregon, at the Ca border.

The California state inspector came in.

Maybe I'm missing something but what the heck is a CA inspector even doing in OR?

Sorry my husbands Family restaurant is in Brookings OR on the CA/OR border, we tried to start a second place in California 25 mins from the one in OR. The inspector was CA.

Originally posted by apushforenlightment
reply to post by MystikMushroom

 

Lol. Bullseye. The economic system is just a pyramid scheme because wealth is allowed to pass from one generation to another even if the people who have the wealth is not creating anything but just managing what they have. I would love people who where successful and created their buisness from scratch and became wealthy based on what they create during their life (if they uphold moral values also) but have no affection at all for the spoiled people supposed to be better wealthy people that are born with a silver spoon. The economic system have become a slave system where you cannot get resonable pay and have to take loan to have a normal life even if you study in collage and is very productive during buisness hours.

This applies only to the Super Wealthy who actually have money to pass to their children or grandchildren, but thanks to greedy liberal socialists, we all get taxed on money we leave to families. It's called the "Death Tax", or if you are the recipient, it's called the "inheritance Tax". So money that is made gets taxed again just to stay in the family instead of going through probate. So, this is likely one reason why wealthy people create trusts.
Again, why do socialists feel they have a right to take more of what people make through their professions and then tax it when it gets passed to family members?

The other thing is, the State has no right to dictate to private businesses whether to add more outlets to their existing businesses, but they sure do make it hard for business to function in the US.

Originally posted by tomten

Originally posted by ProfEmeritus

I started my business with £50.

reply to post by detachedindividual

 

There-in lies the rub. There is no way that you could start a successful business in the US with $80 or so US dollars, unless you are insane. The liability insurance alone, would run into the thousands of dollars every year, and incorporating, taxes, record-keeping alone would double that, as recurring expenses. I did successfully start and run a business, and I did it right, by the book, and all I can say to you is "No way in the US could you do that, and sleep at night".

Let's see...

Business Permit.
Business License
You need this permit to start your business. $49

Home Occupation Permit
You need this permit to start your business.
LLC Starts at $199 ( complete package)
Assumed Business Name Certificate - Starts at $119
Incorporation Starts at $199 ( complete package)
Business License $49
Tax ID Number Starts at $29 ( complete package)
Seller's Permit Starts at $39 ( complete package)
State EIN Starts at $79 ( complete package)
Federal EIN $29 ( complete package)
Business Company Name Search Starts at $9 ( complete package)

So... at least $730 to start a small business with nothing in inventory, and no rent for business location.
Source

edit on 2012-10-18 by tomten because: added more

This might start you an internet company if you find the money for something to sell.

Originally posted by ThirdEyeofHorus

Originally posted by apushforenlightment
reply to post by MystikMushroom

 

Lol. Bullseye. The economic system is just a pyramid scheme because wealth is allowed to pass from one generation to another even if the people who have the wealth is not creating anything but just managing what they have. I would love people who where successful and created their buisness from scratch and became wealthy based on what they create during their life (if they uphold moral values also) but have no affection at all for the spoiled people supposed to be better wealthy people that are born with a silver spoon. The economic system have become a slave system where you cannot get resonable pay and have to take loan to have a normal life even if you study in collage and is very productive during buisness hours.

This applies only to the Super Wealthy who actually have money to pass to their children or grandchildren, but thanks to greedy liberal socialists, we all get taxed on money we leave to families. It's called the "Death Tax", or if you are the recipient, it's called the "inheritance Tax". So money that is made gets taxed again just to stay in the family instead of going through probate. So, this is likely one reason why wealthy people create trusts.
Again, why do socialists feel they have a right to take more of what people make through their professions and then tax it when it gets passed to family members?

And far too often that money ends up in the pockets of the "party in power's" wealthy donors, so that it eventually ends up in the the politicians pocket by way of campaign donations or by hiring the politicians relatives. Just take a look at where much of the so called stimulus money went.

Woke up and ran across some interesting tibits to chew on. I thought I'd throw them into the mix for everyone to chime in on:

"As president, I will create 12 million new jobs," - Mitt Romney, October 16.

"The government doesn't create jobs," - Mitt Romney, October 16.

SOURCE

According to a separate article from the Washington Post:

Not to mention the fact that those 12 million jobs are projected to be created by 2016 anyway, regardless of who is president

Originally posted by MystikMushroom
Woke up and ran across some interesting tibits to chew on. I thought I'd throw them into the mix for everyone to chime in on:

"As president, I will create 12 million new jobs," - Mitt Romney, October 16.

"The government doesn't create jobs," - Mitt Romney, October 16.

SOURCE

According to a separate article from the Washington Post:

Not to mention the fact that those 12 million jobs are projected to be created by 2016 anyway, regardless of who is president

I pointed out the same thing in another thread. When government creats jobs it usually spends more than that job is worth. But government can create an environment that is conducive to the private sector creating jobs. Romney should have made this clear. but he failed to do so.

Originally posted by inverslyproportional
Come on people, we just need an entirely new system, one where school is free, one where workers should get, and do deserve to make a much higher percentage olf the profits acquired off the sweat from their backs.

Who is going to pay for your free stuff? Tax from the hard working people?

That system is called socialist and is in the same lines as communist.

Hey if you want that you can have it right now.
Here are your choices of countries to move that adopted that systems decades ago:

Italy
Spain
Greece
France

(Just to name few of them.)

How it goes for those countries lately? The people in those country wanted to have everything free and taken care by the government. The government is in debt and has no more money. So they're either going to cut those nice benefits that you're talking about and drastically raise the tax slowing even more the economy.

Originally posted by chameleonwalker

Originally posted by inverslyproportional
Come on people, we just need an entirely new system, one where school is free, one where workers should get, and do deserve to make a much higher percentage olf the profits acquired off the sweat from their backs.

Who is going to pay for your free stuff? Tax from the hard working people?

That system is called socialist and is in the same lines as communist.

Hey if you want that you can have it right now.
Here are your choices of countries to move that adopted that systems decades ago:

Italy
Spain
Greece
France

(Just to name few of them.)

How it goes for those countries lately? The people in those country wanted to have everything free and taken care by the government. The government is in debt and has no more money. So they're either going to cut those nice benefits that you're talking about and drastically raise the tax slowing even more the economy.

Couldn't have said it better.
Nothing is ever free. Every government hand out has to be taken from some taxpayer.

reply to post by Sparky63


Yes but she is spending her life, and time, neither of which can ever be gotten back, to perform a needed fuction for your business. She deserves an adequate wage for her services, if she is not doing a good job, fire her and hire someone who will.

It is the responsibility of the employer to pay a decent wage to their workers, just as they demand their workers be committed to doing a decent job at work, so they can make more an hour off an employees work than the employee does.

The current system is messed up, and current business owners have some absolutely ridiculous arogance problem, where they think they deserve to make more off someone elses work than the person performing the work. This is insanity.

If the business owner is so talented that they deserve so much money, why do they even need employees in the first place? They would simply do it themselves, and keep all the money.

If they are making enough money to hire another person to perform a share of the work, they are making enough to pay a decent wage to the employee also.

I don't know anyone making minimum wage profits that can afford to hire another person to share the work load. I do know plenty though that get paid thousands a week off each employees labores, but only pays them $400 or $500 a week in wages, without benefits. This is wrong, and the scource of the problems we are currently having.

If you as a business owner can make $5,000 a week for making 10 products, and hire someone to make and additional 10 a week for $10,000 a week profits, yet only pay the worker $300 (minimum wage on 40 hours basically) this is not right. They deserve a fare cut of the profits they generated with their labores, not all or most( as it was your idea, and your business, yet they do deserve a fare cut) but around half, as they are still going to make $2500 a week for you, and you did nothing to earn it, they did all the work, you just had the idea, and so are now making an extra $2500 a week for no more effort. Is that not reasonable?

Originally posted by promenion
I love it how people that complain about lack of jobs, poor unemployment, low wages are the ones that buy Apple products and happily give their mommys and daddys money to Apple and Chinese manufacturers. Than, they all vote for Obama. Love those "stickers" on cars of hippies "Buy American", inside the car an Ipod, Ipad, Iphone and an Apple laptop.

I think often people are not aware they are not buying american. Like do you buy fuel from any of these?
Amoco UK
Arco UK
Boron UK
BP UK
Citgo Venezuela
Shell Netherlands
www.howtobuyamerican.com...

Now days it is often confusing how to buy American.

reply to post by Sparky63

I have a woman who sits on her behind all day answering the phones.

If you are her boss I bet she would love to get up and walk with a boss having that marrow minded attitude.

She sits on her behind all day because you do not value her or it seems intend to train her to do other work.

She answers the phone because people like to talk to people not machines and if she was replaced by a machine then you may find yourself sitting on your behind all day when your business collapses when you customers go elsewhere

reply to post by MystikMushroom

What an idiot.

I am not in the mood to give a crash course in "Investment Economics" but I could and would if I thought it wold do any good.

The reality is those of us with assets must invest them or stand by and watch our capital shrink. Try to imagine you won the lottery (I am sure your one of those who imagines it all the time). Say the cash value was $100M and after IRS took their 40% you had $60M. If you decided to just leave it in banks and collect interest, the value of those dollars would shrink every day, in spite of whatever interest those banks gave you (the interest on which IRS would also tax) your vale of your money would shrink because every time more money is printed, the dollars you have would be worth less and less and less. There are a number of other reasons the vale of your money will shrink, like new tariffs and hidden taxes but I am not going to go into that.

Here is the bottom line, those with real money (beyond living expenses and reserves) must invest that money or lose the value of that money. Unfortunate, investing in America has become a nightmare of regulations and employing Americans has become a big liability so, investors seeking safer havens where they are treated right. Russia for example really knows how to treat foreign investors, while here in America, we are treated like a gift horse or a plump chicken trying to walk through a forest of Lions, Tigers, Red Tape and Stupid Housewives and people like you who make it just not worth the hassles.

I lost almost $30M and12 years of my life trying to build a horse racing, gaming and entertainment complex that would have brought 800 good jobs and put many millions into the local community and city coffers...they tore us apart and now, the land sits with weeds and the community has imploded. F 'em !

You are a bunch of dumbed down closet geniuses and deserve your fates.

Just a little piece of my mind...be flattered I a still a big enough fool to waste my time.

Excuse any typos; if I go back and proof read this, I probably will delete it since there really is no point and I am basically talking to myself. What built and made American Great are dead and gone and their children have become spoiled idiots.

Originally posted by inverslyproportional
reply to post by Sparky63

 

Yes but she is spending her life, and time, neither of which can ever be gotten back, to perform a needed fuction for your business. She deserves an adequate wage for her services, if she is not doing a good job, fire her and hire someone who will.

It is the responsibility of the employer to pay a decent wage to their workers, just as they demand their workers be committed to doing a decent job at work, so they can make more an hour off an employees work than the employee does.

The current system is messed up, and current business owners have some absolutely ridiculous arogance problem, where they think they deserve to make more off someone elses work than the person performing the work. This is insanity.

If the business owner is so talented that they deserve so much money, why do they even need employees in the first place? They would simply do it themselves, and keep all the money.

If they are making enough money to hire another person to perform a share of the work, they are making enough to pay a decent wage to the employee also.

I don't know anyone making minimum wage profits that can afford to hire another person to share the work load. I do know plenty though that get paid thousands a week off each employees labores, but only pays them $400 or $500 a week in wages, without benefits. This is wrong, and the scource of the problems we are currently having.

If you as a business owner can make $5,000 a week for making 10 products, and hire someone to make and additional 10 a week for $10,000 a week profits, yet only pay the worker $300 (minimum wage on 40 hours basically) this is not right. They deserve a fare cut of the profits they generated with their labores, not all or most( as it was your idea, and your business, yet they do deserve a fare cut) but around half, as they are still going to make $2500 a week for you, and you did nothing to earn it, they did all the work, you just had the idea, and so are now making an extra $2500 a week for no more effort. Is that not reasonable?

It is up to an individual business to determine what kind of wages it can pay their workers and maintain a healthy profit. Unfortunately, the greedy socialists want govt to dictate these things, and still expect the business to pay higher capital gains tax and not go into Chapter 11 bankruptcy, and then complain when the business goes overseas to stay profitable.

There is a point where the socialist ideology does not match actual best business practices.

Originally posted by inverslyproportional
reply to post by Sparky63

 

Yes but she is spending her life, and time, neither of which can ever be gotten back, to perform a needed fuction for your business. She deserves an adequate wage for her services, if she is not doing a good job, fire her and hire someone who will.

It is the responsibility of the employer to pay a decent wage to their workers, just as they demand their workers be committed to doing a decent job at work, so they can make more an hour off an employees work than the employee does.

They deserve a fare cut of the profits they generated with their labores, not all or most( as it was your idea, and your business, yet they do deserve a fare cut) but around half, as they are still going to make $2500 a week for you, and you did nothing to earn it, they did all the work, you just had the idea, and so are now making an extra $2500 a week for no more effort. Is that not reasonable?

YES THIS IS COMMUNISM. I'm sorry but this is a very ignorant answer!!!!!

"as they are still going to make $2500 a week for you, and you did nothing to earn it, they did all the work,"

I think that you really don't understand how business works. If you think that people on top of small business do nothing well I've some homework for you buddy. Here a small list with explanation of what those business owners have to do while the other under produce the goods:

Planning and Strategy

First, a small business owner must be the principal strategist and planner. To understand the new business, as well as the necessary resources and strategies, it makes sense to start with a business plan and a marketing plan. You’ll need to do research, planning and writing to develop a plan, and expect to revisit and change it as needed.

Finance and Accounting

Most small businesses need start-up capital to get established and grow their products and services. Depending on the business, some owners can bootstrap and start with a smaller budget. Other ventures require a small business loan to fund expenses for retail space, office equipment and hiring employees. You’ll also need to set up and maintain business bank accounts, payment processing, accounts payable and accounts receivable, and taxes.

Legal

Small business owners must comply with federal and state business licensing laws. From forming a limited liability company to creating legal contracts, they must know basics of the law and have access to an attorney if legal problems with customers or employees arise. You might need to write, review and sign legal contracts and sales agreements. When legal issues occur, you’ll need to consult a lawyer.

Marketing and Sales

No matter how good your product or service is, you need marketing and sales to drive business. Marketing and sales strategies and implementations vary widely, depending on the business, and could include tactics such as print advertising, public relations, online marketing, networking, cold calling and commissioned salespeople.

Customer Service

In the beginning, many small business owners are responsible for providing all or most of the customer service duties. These include phone calls, email messages and follow-ups concerning product delivery and quality issues. As the business grows, it makes sense to automate and hire customer service people when possible to scale operations and growth.

Human Resources

As a small business grows, so do its hiring needs to accommodate more orders and faster growth. The owner needs to identify human resources needs, write job descriptions, screen and interview candidates, train, manage and pay employees. For some businesses, it makes sense to hire a dedicated HR manager to handle screening, hiring, training and employee-related processes.

Well folks...like I said earlier. The rich don't create jobs, customers and consumers do. When there is disposable income, people buy things...people buying things create demand and demand creates jobs. That is that and the rich lovers and the rich haters can p!ss and moan all they want...this IS what creates jobs...now we move on to...why don't we have disposable income anymore? Well, I think anyone with a functioning brain can draw a fairly close explanation.

But here is the problem.

Many many people have become fat dumb and lazy. They just don't try anymore. Maybe they have given up...maybe they were crushed by no fault of their own...doesn't matter, the results are the same.

Now how is it that half of the middle class defends the super wealthy and the other half wants to take from them? Well, there are reasons for that and both are wrong. The half that want to take from them are wanting re-disribution of wealth. That doesn't work any better than trickle down economics does. The other half that defends the wealthy, well...here is a great illustration...



they have this silly idea that they will one day be invited into their "club"...yeah...keep hoping in one hand and crapping in the other and see which hand fills up first.

The best thing any of us can do is get clever...I mean downright mad scientist clever...the trick to all of this is getting the "wealthy" to give you their money willingly...for products and/or services...make them think their life will be sooo much more evolved if they just buy this shiny turd from you. That is how you play this game...if the wealthy don't want to pay a fair wager...figure out a way to get them to pay you another way.

In an odd twisty way, it reminds me of a line from the movie "Trading Places"...the best way to get even with Rich people...is to turn them into poor people....but the twist is...I don't want to turn them into poor people...I just want to get them to give me their money....

reply to post by inverslyproportional


The job requires answering a phone and pushing a button to redirect the call. The job is just not that important. It requires little or no skill and she is getting paid what the job is worth. If she learned new skills that were more valuable to the company I would move her to a higher paying position, but as it stands she is the low man on the totem pole and at the bottom on the pay scale.
There are always going to be people who have low skills and low potential. I don't believe that it is the job of any employer or even the state to ensure that they have a comfortable living. I guess I am just ideologically opposed to the idea that anyone deserves a comfortably living based solely on the merits that they are breathing and show up for work.

Skills, and the hard work required to develop those skills will always be rewarded.

reply to post by chameleonwalker


Good question, glad you asked it, as I have an answer.

It isn't communist or socialist, it is logical. Education shouldn't be for profit, it should be for knowledge, as it was intended.

The government should own them, and pay a reasonable salary to the faculty. Charging nothing, as taxes already in place to pay for education would be used, and actually cost much less than they are paying now, as it wouldn't be for the sake of profits, but for the sake of teaching much needed skills and knowledge. Reducing verall the tax burden to pay for it, when compared to the modern for profit system, where most of the money goes to a bank account of some fithy rich guy, not for educating our young people.

Which would in turn save money over today, and reinvest back into our countries future, actually costing nothing in the long run, as the entire country would benefit much more than the taxes paid in would cost, not mentioning the fact much less taxes would be necessary for this system to operate.

The next line of questions would be about content I am sure.

I would not allow the government to decide or control content, as it is counter productive to society for the gonerment to decide what it taught to children. When they do propoganda always insues, it is unavoidable.

I would have it be more along the lines of the faculty, and directly influenced by the experts in the field of study, as they would be the most likely candidates as to the direction, the education should take in their particular fields.

This is of course not perfect, but a huge imporvement over the current for profit not knowledge system we have now.