Posts Tagged ‘Tax The Rich’

A Letter From The Boss…

January 21, 2009

Whether it’s real or not doesn’t matter, the message is still dead on-

A Boss Who Tells it Like it Is …

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 presents many challenges. However, the good news is this: The economy doesn’t pose a threat to your job. What does threaten your job however, is the changing political landscape in this country. 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. You’ve seen my big home at last years Christmas party. I’m sure; all these flashy icons of luxury conjure up some idealized thoughts about my life.

However, what you don’t see is the back story.

I started this company 28 years ago. At that time, I lived in a 300 square foot studio apartment for 3 years. My entire living apartment was converted into an office so I could put forth 100% effort into building acompany, 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 didn’t 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 and made a modest $50K a year and spent every dime they earned. They drove flashy cars and 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 discount store extracting any clothing item that didn’t 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.

So, while you physically arrive at the office at 9am, mentally check in at about noon, and then leave at 5pm, I don’t. 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’ve made.

Now, the economy is falling apart and I, the guy that made all the right decisions and saved his money, have to bail-out all the people who didn’t. The people that overspent their paychecks suddenly feel entitled to the same luxuries that I earned and sacrificed a decade of my life for.

Yes, business ownership has is benefits but the price I’ve paid is steep and 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 don’t 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 tax man 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 15th, 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 guy 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’d quit and you wouldn’t 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 don’t understand .. to stimulate the economy you need to stimulate what runs the economy. Had suddenly government mandated to me that I didn’t 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. But 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? Or, do 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 poor of America are the essential drivers of the American economic engine. Nothing could be further from the truth and this is the type of change you can keep.

So where am I going with all this? It’s 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 isn’t my problem any more.

Then, I will close this company down, move to another country, and retire. You see, I’m done. I’m done with a country that penalizes the productive and gives to the unproductive. My motivation to work and to provide jobs will be destroyed, and with it, will be my citizenship.

So, if you lose your job, it won’t 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 sitting on a beach, retired, and with no employees to worry about …

Signed,
Your boss

Advertisements

The Myth Of Taxing The Rich.

October 16, 2008

Demoncrats LOVE to “Tax the Rich” which is odd because the Demoncrats in power usually ARE “the rich”. I have never heard of the Clintons, Pelosi, Reid, Rangel or any of them giving up tax exemptions and shelters so the the poor can have more but they LOVE TO TAX THE RICH!

The scam is that tax increases do not really affect the rich as much as they affect the middle-class. The reason- ‘the rich’ have more disposable income and can afford to ‘hide’ that money in deductions and tax shelters whereas the middle-class usually don’t have enough disposable money and ends up with only one tax-shelter, his/her house.

If you compare theoretical tax rates & actual tax rates vs ‘money coming in’, you’ll see that the middle-class bears the brunt (rate-wise) of this “tax the rich” system. See below-

So, when you hear Obama (or any other politician) saying that they are ‘only going to tax the rich’, they are lying to your face and you’re gonna get the shaft (while they max out their tax-deductions and shelters).

Warren Buffett even agrees- ” Warren Buffett, the third-richest man in the world, has criticized the US tax system for allowing him to pay a lower rate than his secretary and his cleaner.”

“Vote For Me And All of Your Wildest Dreams Will Come True”

October 16, 2008

I watched the final debate last night and people are calling Obama the winner because he read from the teleprompter more smoothly than McRINO. If you actually listened to what he said, he lost…

Obama’s 2008 platform is “Vote for me and all of your wildest dreams will come true”. He’s promising to spend more money everywhere in government, send out welfare tax-rebate checks to the people who don’t pay taxes, provide a nationalized health-care system while allowing you to keep your own, spend more on subsidizing prescriptions, spend more on schools, spend more on the environment, cut middle-class taxes, spend more on new energy research and etcetera. His platform is “I’m going to buy you everything” all the while reducing middle-classes taxes.

Where is all of this money going to come from? The rich of course (you know, Obama and his friends are going to tax themselves more to provide for you). Obama’s actual plan is to increase taxes on the rich “and large corporations”…

The problem with this imbecile’s plan is that the rich and large corporations will not stand for this. They will do what they have always done- move their money out of the US.

The HUGE US business tax is one of the reasons companies are sending jobs overseas! When Obama rasies the tax, do you think they will open more US operations (and provide more jobs) or move the work to China where it’s much cheaper and the taxes are less???

Same with taxing “the rich”– I predict the Cayman Islands are going to have a VERY GOOD 4 years.

Obama, is going on a spending spree (that will equal or exceed the $700 Billion bail-out that he and his friends pushed through Congress) without a workable way to pay for it. As always, we, the middle-class, who can’t afford tax-shelters or overseas accounts are going to be the ones that are going to suffer.

Get ready for another 4 ‘Jimmy Carter’ Years of stagnation, inflation and un-employment.