BUSINESS OWNERS PLEASE READ: The truth about the effect of oppressive taxation on job creators. A true capitalistic environment is the best way to grow the job market. When confiscatory taxes are implemented the ROI on extra efforts by business owners is lowered. This means theres less and less rewards for businesses owner to grow their companies and hire more employees. Read below to learn how one employer is fed up and is telling it like it is to his staff. We challenge business owners across the US, to educate their employees on how progressive taxation and burdensome regulations directly impact the security of their employees job. We must educate the masses on how these onerous taxation and redistribution schemes impact the job market and the future of our once vibrant economy. The Boss Letterhead Reference: A letter from the Boss: 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 doesnt 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. Youve seen my big home at last years Christmas party. Im sure; all these flashy icons of luxury conjure up some idealized thoughts about my life. However, what you dont 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 a company, 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 didnt 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 Nordstroms for the latest hot fashion item, I was trolling through the discount store extracting any clothing item that didnt look like it was birthed in the 70s. 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, someday, 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 dont. 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. 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 Ive made. Now, the economy is falling apart and I, the guy that made all the right decisions and saved his money, have to bailout all the people who didnt. 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 Ive 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 dont 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 youd quit and you wouldnt work here. I mean, why should you? Thats 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 dont understand. To stimulate the economy you need to stimulate what runs the economy. Had suddenly government mandated to me that I didnt 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 with promotions and better salaries. But you can forget it now. When you have a comatose man on the verge of death, you dont 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? Its quite simple. If any new taxes are levied on me, or my company, my reaction will be swift and simple. Ill fire you and your coworkers. You can then plead with the government to pay for your mortgage, your SUV, and your childs future. Frankly, it isnt my problem any more. Then, I will close this company down, move to another country, and retire. You see, Im done. Im 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 wont 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, THE BOSS
Posted on: Tue, 15 Oct 2013 03:01:24 +0000