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Old 10-21-2008, 08:06 AM   #46
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Quote:
Originally Posted by duneripperxx View Post
it's just pathetic how people are loosing their jobs and homes because business owners dont wanna cancel their hunting trips to montana.
So get off your ass and start a business. Quit depending on others, with more drive, for your income.
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I'm taking care of my procrastination issues, just you wait and see.
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Old 10-21-2008, 08:34 AM   #47
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I can,t BEGIN to say how silly that statement is!

economics 101

employees are HIRED/EMPLOYED to provide a labor or knowledge source to a company, and provide an positive income stream


they provide a source of INCOME in most cases , to the BUSINESS ,that they work for,simply because their cost is more than compensated for by what the BUSINESS charges customers for those employees performing THEIR FUNCTION, as a PROFIT is added into the CHARGES a CUSTOMER pays the COMPANY for the work they do, for that customer!
charges are generally based on the company expenses plus a profit, for the company.

businesses generally want to EXPAND and INCREASE the number of employees
as each additional employee INCREASE the total PROFITS.
businesses generally DON,T HIRE EMPLOYEES unless their current number of employees can,t support customer demand for services or products

businesses LAY OFF employees only when the lack of customers potentially providing that cash flow into the business falls lower than the number of employees needed to supply "a labor or knowledge source to a company, and provide an income stream" necessary to support customer demands, for their products or services.

only if demand for the product or service falls below the past average levels will it become advisable to reduce employees.

reducing employees effectively reduces potential profits if the demand for those goods and services remains constant or is increasing, reducing employees reduces potential profits
If it were only that simple.

Most Executives of larger Corporations are vested in stock and retirement plans. Many Executive retirement plans are a guaranteed Stock Buy Out at Retirement. This creates a possible scenario for an executive with short term personal financial goals to make poor business decisions and walk away with a fortune. An executive can grow Corporation's asset base (Employees & goods) based on a bogus growth plan. This will inflate the stock Price and if he times it correctly he can bail with a fortune before the house of cards falls down.

I worked for a Software Company where the CEO's goal was to grow the company to 350 Employees and then go public with an IPO. Him and his buddy investors had prime stock which was vested immediately upon IPO. The employees had Options which vested in 18 months. 3 months after IPO he sold his controlling interest to an investment company and walked away to start another company on the IPO path.

Employees were encouraged to fund their options to save on taxes and the majority did. I had a little economics as well as IT in my background and decided the tax exposure was the prudent choice over the high risk funding alternative.

The company hemorrhaged losses because of the large employee base vs short term revenue, went through several RIFs and folded in less than a year. None of the other stocks ever vested and everyone lost their job and many were bankrupted because the drank the Kool Aid but, a group of 6 walked away with millions in profit. Unfortunately executives making corporate decisions for personal reasons is all too common in US Business these days.

An executive's job is to grow the company and make profits but often his priority is to grow his personal wealth in the short term, get out, fold it up, move on and start a new company or let the next guy worry about the profits.
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Old 10-21-2008, 08:40 AM   #48
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UN -ethiecal or even CRIMINAL conduct or outright FRAUD hardly constitutes
correct bussiness conduct and people who run a business like that need to be prosecuted for FRAUD AND EMBEZZELMENT, THAT they are NOT in most cases IS a BIG PROBLEM
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IF YOU CAN,T SMOKE THE TIRES AT WILL,FROM A 60 MPH ROLLING START YOUR ENGINE NEEDS MORE WORK!!"!
IF YOU CAN , YOU NEED BETTER TIRES AND YOUR SUSPENSION NEEDS MORE WORK!!
Old 10-21-2008, 08:45 AM   #49
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Quote:
Originally Posted by blckslvr79 View Post
So get off your ass and start a business. Quit depending on others, with more drive, for your income.
That's what I did. However, under the original question to this thread, I'm afraid I'm going to be squashed like a cockroach under an Obama presidency.
(Or at the very least, it won't be worth all of the extra work that goes into running a small business.)
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2012: "Hoping" for "Change".
Old 10-21-2008, 08:46 AM   #50
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Quote:
Originally Posted by duneripperxx View Post
it's just pathetic how people are loosing their jobs and homes because business owners dont wanna cancel their hunting trips to montana.


Whaaaa? Some business owner going to Montana is responsible for some poor sap who can't pay his mortgage?



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Old 10-21-2008, 08:58 AM   #51
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Whaaaa? Some business owner going to Montana is responsible for some poor sap who can't pay his mortgage?
You know that the business owner has no right to be doing any better than his employees. In fact, he should be "patriotic" and "sacrifice" for the "common good" and "spread his wealth around."
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2012: "Hoping" for "Change".
Old 10-21-2008, 09:00 AM   #52
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http://www.youtube.com/watch?v=u1Mazjm_A5k



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Old 10-21-2008, 09:03 AM   #53
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Got to LOVE Bonny Fwank!!!
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I'm taking care of my procrastination issues, just you wait and see.
Old 10-21-2008, 09:13 AM   #54
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That guy is an idiot.
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Old 10-21-2008, 09:24 AM   #55
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Quote:
Originally Posted by duneripperxx View Post
it's just pathetic how people are loosing their jobs and homes because business owners dont wanna cancel their hunting trips to montana.
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Ain't THAT the mofo truth
Old 10-21-2008, 09:39 AM   #56
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The scary part is, there are tons of people out there who believe that way.



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Old 10-21-2008, 04:36 PM   #57
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i thought the way it worked was that people who make >$250k will see NO SAVINGS. meaning they will be taxed the same as they are now.
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Old 10-21-2008, 05:03 PM   #58
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No no... they will see an exponential increase in their taxes... as they are going to pay for all of us "poor people" to get a tax break. From 28 to 35%.



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Former Democrat Elbert Guillory:
At the heart of liberalism is the idea that only a great and powerful big government can be the benefactor of social justice for all Americans. But the left is only concerned with one thing ó control. And they disguise this control as charity. Programs such as welfare, food stamps, these programs arenít designed to lift black Americans out of poverty, they were always intended as a mechanism for politicians to control the black community
Old 10-21-2008, 06:07 PM   #59
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Quote:
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i thought the way it worked was that people who make >$250k will see NO SAVINGS. meaning they will be taxed the same as they are now.
HOW IT WORKS IS, HE WILL SAY ANYTHING YOU WANT TO HEAR NOW!TO GET ELECTED, but if HE GETS IN, REALITY will set in and he will be forced by pure necessity to tax EVERYONE making over about $30-40K at least too some degree to finance even temporarily his social programs
you can,t pass out money without it comeing from someplace, and that someplace is the vast majority, in both the middle class and upper financial class unless your printing worthless script(run away inflation)
there will be a POLITICAL, CLEARITY MOMENT!!! OPPPS!, WHERE HIS FINANCE GUYS SAY,we figured this wrong! .....were going to need to adjust the tax tables.........OH! BTW, THAT TAX REBATE?, SORRY YOUR TAXES JUST INCREASED!
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IF YOU CAN,T SMOKE THE TIRES AT WILL,FROM A 60 MPH ROLLING START YOUR ENGINE NEEDS MORE WORK!!"!
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Old 10-21-2008, 06:26 PM   #60
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$0 Savings here.

Niether Obama's or McCain's Tax Plan is worth a shit. Until income tax is replaced by a Consumption Tax we will not have fair and effecient Federal Taxes.



Federal Sales Tax. Leave my income alone and tax me on what "I Choose" to consume.
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A government that robs Peter to pay Paul...can always depend on the support of Paul.

A word to the wise ain't necessary - it's the stupid ones that need the advice.

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