- Tue Sep 22, 2015 6:11 pm
So how does pops reconcile with farm subsidies, and giant tax breaks for Exxon,etc.??
That said, I'm starting to understand now where your rationale comes from...however just cuz he sent it to you makes it no more true than folks espousing trickle down as working as well....it's a continuous debate as Cuban so hilariously eludes to.
Case in point: Look at the business tax cuts in Kansas....big promises made by the nutter, and growth has been a paltry .2% while the nation has been at 1.2%....promises of 2k jobs a month have amounted in reality to.....260 jobs a month. Yet another example of "getting out of the way"not = economic benefits for the state....just for the few who own those businesses...and I bet they're huge agricorps,etc.
I would assert the the "labor of love" schpiel you laid out is not "neither here nor there..." You do things and come up with things with the skillsets you've either learned thru some degree of edumacation; or,in some instances one is truly gifted (i.e. athlete, artist, statistical savant,etc).
Education in the US ranking wise is going down the gurgler, or is too pricey for college grads to get ahead before they've already used up their most productive years (folks having loans still at 45 for example).
I'm well aware of small business owners; VT is no corporate bastion; quite the opposite actually. And folks tick along, and regardless of what your perosnal tax threshholds are, folks enjoy working and living there. Like Cuban eludes to and perhaps you and pops aren't considering (since there's no fancy graph/way to quantify....an economists nightmare)....is folks care about the big picture of quality of life, that labor of love you dismissed so callously, and living in a good community and if that costs a bit more so be it. If it means no billboards allowed in VT to hock your wares, tough shit...a law made by an R gov. in the late 60's by the by...if your bidness needs to survive off billboards....go to exit 213 in Jersey...I hear there's an opening in the town where HP laid off 5k workers...
Ben and Jerry could have moved to Jersey...they didn't
Magic Hat Brewery is now national, Allen Newman started it in VT....he could've gone next door to NY and gotten a massive tax break for 10 yrs to relocate...but it's still in VT.
That now famous Alchemist Beer aka "Heady Topper"? Yea, well, another VT small bidness, and despite the national acclaim and $$$ staring at the owner....he decided to expand....again in comparatively high tax VT....just up the road in Stowe.
I'm sorry but I just know and have met too many small business owners who do it for the labor of love which almost always coincides with some education in the field of endeavor, and they have no interest in a venture cap dude coming in and destroying their "baby" for ruthless profit mongering...
In your hypothetical, the Alchemist wants to expand, he's got narrow margins (according to you, but does he really?), is taxed high in VT, and hey your dad drops on by and offers a classic venture schpiel...and you move the Alchemist to S. Carolina...where labor is dirt cheap,little tax (but the beer trucks maint. is high cuz nobody is paying for infrastructure) larger population sale base, some half ass demographic study that says, "well, yea, pricey craft beer should work nicely down there....Chucktown is a big foody city,etc."
Except, it turns out, the market down there can only handle so many pricey craft beers....market saturation occurs...and the bidness fails...the demographics of the region don't allow for the growth he had in VT. Ironic though....the venture caps usually never get burned.
But hey, I'm always open ears if you have an economic model that delves deeper than "get out of the way..." That sounds like bidness as usual R style to me....and clearly, by any measure of standard, is not working...
Lol...did you hear in the news this week about the big pharma who got a patent for a 60 yr old drug that costs less than $1 to make and raised the consumer cost by over 5000%???? Greed much? Or should we just get out of the way....and bend over?
Ask your dad about the concept that if guys keep growing bigger and merging to the point where 5-10 corps. run EVERYTHING (and think about wallyworld, telco., media, airlines, energy, banks and food...we're now down to 2-3 of each, can't have 1 cuz monopolies are bad mmmk, and colluding, like the airlines are being currently investigated for is so much more American!)....and the Feds,instead of "getting out of the way", are actually giving them subsidies and tax breaks to ALL of them....
....have you not turned the capitalism into state subsidized socialism? Let alone their oligarchs cornering the access to our elected officials to even lobby for those small businesses you espouse?
I'd be interested in his end game perspective....cuz look around, it's happening.
Final thought: Outside of Vent. Caps and the like going offshore for bigger profits at the expense of the local US manufacturer,one of the largest burdens for small bidness has been healthcare....whereas in other developed countries, they tell private healthco to "get out of the way", and you have healthcare paid for thru your taxes...not your employer. Lol...your dad forgot that in his story...he didn't mention the heathcare costs to US style policy, but rather simply railed on high taxes and emotions to belittle different ideaology/economic policy; simply put, he benefits from the status quo, so the prepackaged offer (I've heard from other guys in similar bidness...it's an old story that suits their worldview imho) is not based on any true compare/contrast...like I said to Bob,using emotional stuff and scary #'s is sop these days.
I gotta go put out the trash and recycling...for as opposed to the Faux low taxes of unfettered Capitalism of the US (nickle and dimed outside of your income tax rates;so in fact yanks % ain't much different than europe, but no healthcare)...my NZ taxes pay for my trash and recycling to be picked up....that saves me a couple hundy/year when compared to the states, for example.
People are assholes because half the people around are of below average intelligence - Shunned
I hope I didn't infer that I was antifingerbanging. Its an art I hold dear. - RT