How dare the plumber that has come to be known as "Joe the Plumber" dare to ask Obama a question about his taxes. Especially when Obama does not have access to a teleprompter to guide him through the answer. Now that is un-American. So now the liberal media and Obama & Biden's campaigns are searching through Joe's history including tax records to find out anything they can use against him to discredit him. Ridiculous! After Obama is President will Joe just disappear never to be seen by friends and family again? It is not un-American to ask questions of our politicians no matter what party we belong to. As Americans, we should always question anyone and everyone's motives for doing something that will affect us--especially if it involves our money.
Who cares who Joe is? Does it matter whether he is Republican, Democrat or Communist? No. The only thing that really matters is Obama's answer of "spread the wealth around". That's it. That is the basis of his plan--socialism! What incentive is there for anyone to work hard if they are going to be taxed so their hard-earned money can be given to someone who does not want to work at all. Under his system, I think I'll just quit working and let someone else do a job to pay me.
Another thing the press has been misleading everyone about is the $250,000 cut off. Obama says that the $250,000 is from sales receipts. That is, gross income--not net income, but GROSS. You may gross $300,000 but only net $6000 after payroll, overhead, supplies, etc. Can you afford to pay an extra tax out of that $6000--I don't think so and still be in business.
So, what is going to happen is this. Small businesses will fail thus laying off more people. Large businesses will remain but will have to cut staff (more unemployment) and raise prices (higher inflation). Some people will not work at all because they will getting paid for doing nothing any way (remember that Obama has 95% of Americans will receive a tax cut, but 42% don't pay any taxes at all. so they will be getting somebody else's money). This will be worse than the Great Depression and leads to a socialist society, and we all know how well that worked for people of the Soviet Union.
John McCain says, "Why would you want to raise taxes on anybody right now?" Why would you? When the economy is in crisis and you are trying to stimulate growth, you don't raise taxes, you lower them so people have more money in their pockets to spend.
I am not an economist, but all of this is common sense, and unfortunately America has lost its common sense. Like P.T. Barnum said, "There's a sucker born every minute." Well America, the country has become the sucker and we are about to get shafted. May we should start learning Russian, or better yet, the Koran because our freedom is doomed and Obama is leading the way.
Friday, October 17, 2008
Tuesday, October 14, 2008
In Defense Of Small Business
I am sick and tired of hearing the Obama campaign talk about how if you do not make more than $250,ooo you will not see 1 penny of tax increase. This includes small businesses. Joe Biden during the vice-presidential debate said, "95% of small businesses make less than $250,000 per year." Hogwash!!!
Think about that. That means a business that is open 5 days a week, 50 weeks out of the year (let's say they are closed on holidays) can make no more than $1000/day. Can a business survive on that? Ain't no way! If they have any payroll, any overhead, and still pay their normal taxes, they would have to make much more than that to exist.
I own a very small business (I have been in business for 12 years now) with 3 paid employees and I make over that $250,000 benchmark and am still squeaking by. Lets raise my taxes from 34% (which is what they are now) to 62% as proposed by Obama and I am out of business. I would have to double all my prices and fees and still maintain the same amount of clients just to exist at the level I am today. Everyone knows when you raise prices you lose at least some customers who cannot afford it. Doubling prices would lose more than "some". This year alone I have already paid over $70,000 in taxes alone (and I still have 1 more quarter to pay). If that is increased to over $127,000, I am out of business.
And it is not just me, it every small business everywhere. Look at where you shop and eat and think about them if their taxes go up. Are they still going to be there next year at this time? What happens to their employees when they lose their jobs? Sure the huge corporations will survive, but they will have to downsize their workforce as well as increase prices. That's more unemployment with higher cost of living. Combine that with the current economic situation and you do have the makings for another Great Depression or government takeover of all aspects of the economy--socialism at best, communism at worst. Will we all be better off then?
For me, if nothing else, I will vote against Obama to keep my business going and to help keep other small businesses as well as this country alive.
Think about that. That means a business that is open 5 days a week, 50 weeks out of the year (let's say they are closed on holidays) can make no more than $1000/day. Can a business survive on that? Ain't no way! If they have any payroll, any overhead, and still pay their normal taxes, they would have to make much more than that to exist.
I own a very small business (I have been in business for 12 years now) with 3 paid employees and I make over that $250,000 benchmark and am still squeaking by. Lets raise my taxes from 34% (which is what they are now) to 62% as proposed by Obama and I am out of business. I would have to double all my prices and fees and still maintain the same amount of clients just to exist at the level I am today. Everyone knows when you raise prices you lose at least some customers who cannot afford it. Doubling prices would lose more than "some". This year alone I have already paid over $70,000 in taxes alone (and I still have 1 more quarter to pay). If that is increased to over $127,000, I am out of business.
And it is not just me, it every small business everywhere. Look at where you shop and eat and think about them if their taxes go up. Are they still going to be there next year at this time? What happens to their employees when they lose their jobs? Sure the huge corporations will survive, but they will have to downsize their workforce as well as increase prices. That's more unemployment with higher cost of living. Combine that with the current economic situation and you do have the makings for another Great Depression or government takeover of all aspects of the economy--socialism at best, communism at worst. Will we all be better off then?
For me, if nothing else, I will vote against Obama to keep my business going and to help keep other small businesses as well as this country alive.
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