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As if it is not hard enough today to run a business, let alone a publishing business (and ours has been very successful), my CPA called to discuss the disastrous ramifications of the new state and federal tax laws and regulations, and those that are also being proposed. Meanwhile they are dancing and partying in Washington (no, I am not kidding.)
For those of you who have never risked everything you own to run a business, maxed out credit cards to make payroll, or borrowed against your house to purchase equipment (all of which I have done in the very early days of my business career), take note of how these centralized Marxist regulations affect our economy:
The extra full time marketing person we are looking to hire? Gone.
The extra early developmental manuscript editing we were planning to do to get a jump on the process? Gone.
The two new computer systems we were looking forward to purchasing? Gone.
The new laptop I was going to purchase for my travel this year? Gone.
The seven trips I was planning to make this year, including two or three overseas? Cut down to four, and maybe soon to be reduced to three.
That is tens of thousands of dollars I would have poured into the economy.
Read this, carefully:
"You cannot legislate the poor into freedom by legislating the rich out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything the government does not first take from somebody else. When half the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend is about the end of any nation. You cannot multiply the wealth by dividing it."
-- Dr. Adrian Rogers
I am so disgusted with what the Columbia-Harvard-Yale-Princeton brains are doing to my country I could vomit. (And when I do, a moocher from the State will be there to tax it as a pollutant.)
I know you do not come here to read this, but I thought you should see what the direct effect is of the policies being piled up those who . . . produce.
--tps
7 comments:
that is strange how my friend in Boston sent me that Dr. Adrian Rogersquote... Times are tuff and I think it's going to get worst.
I am so glad that I am no longer running a business. I am retired, and can not imagine trying to work under the restrictions being placed upon people today who risk so much to be successful. I would wager you, Mr. Savas, also have not seen a forty hour work week for years, am I correct?
I began reading your books with the Bradley Bentonville study lo these many years ago (1994?) and have purchased most of your books since that time. Your recent Once a Marine (I am a former Navy man) pulled tears from these old eyes, as well as cheers. I would love to meet that young man one day and thank him for the depth of his character. Outside military/history, Paradigm is one of my wife's favorites; she has read it twice and her book club read it and like it a lot. I have not read it yet.
Looking forward to your Bull Run atlas book, especially.
--Retired in Boca
The rub is that, however you rail against the government's strategy in dealing with this economic mess, too much of it came about because the Feds turned a blind eye and deaf ear to the banking and financial class making money by selling and reselling loans and mortgages that should never have existed in the first place.
And got bonuses for failing.
The rub is that Government did NOT turn a blind eye, but rather encouraged lending to riskier borrowers. In the mid to late 90's, HUD (at the behest of the administration) pressured Fannie and Freddie to lend to individuals who normally would not qualify for prime loans. Fannie and Freddie complied, their mortgage backed securities became significantly riskier (though they weren't rated as such), they took big losses, then their administrators took big bonuses and left for places like the 9/11 Commission. When the pooh hit the fan, Congress said "All is well - we must contiunue promoting home-ownership for risky borrowers".
Don't for a minute think that the housing collapse was the result of not enough government involvement. It's exactly the opposite. And now these guys are in charge of the solution, and they're doing whatever they can to deflect the responsibility for bringing it all about.
"The rub is that, however you rail against the government's strategy in dealing with this economic mess, too much of it came about because the Feds turned a blind eye and deaf ear to the banking and financial class making money by selling and reselling loans and mortgages that should never have existed in the first place.
And got bonuses for failing."
Bullshit. And it's this type of uninformed hooey that is getting us deeper into this mess. As the second "Anonymous" commented (correctly so) it was the very government meddling that created this crisis. Indeed, the morons that built this house of cards are the ones in charge of "fixing" it.
I'll tell you this - and I don't care one iota if it sounds overly dramatic - Obama and his ilk in the cabinet and Congress are running this county on the fast track to oblivion. Don't believe me? Wake up. Think it can't happen? Look around. We are turning into a Socialist nation fast and furious. And take some wisdom from the quote Ted posted. Unless and until Obama is either made to see the errors of his ways and philosophy, does a 180-degree turn, and/or gets the hell out of office, we're in deep, deep trouble.
I know, I know - to the leftist crazies I sound like just another drinker of the Limbaugh fountain. Well, let's see how crazy I seem in a year or two if this doesn't stop soon. Let's just see. Come back and tell me I didn't warn you and us.
Wake up! America's been living high over its head not for four or eight years, but for an entire generation.
To echo Oscar Wilde: "We knew the price of everything and the value of nothing."
And now the debts are due. The price will be high, but hopefully, the nation will never again mortgage its values.
I feel your frustration. I, too, run 2 businesses and it was already bad enough. However, I will not give up - like you, I don't have that luxury.
But I agree, the North-Eastern elites are turning everything upside down.
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