As the November 2nd elections near, every politician is suddenly small business' best friend. Every problem in small business is caused by the opposing party, and every new proposal is going to rejuvenate small business and entrepreneurship in this country, they say.
The question is: do you believe it? Try this top 10 list of political truths (and half truths, or outright falsehoods) about small business. You be the judge.
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What he meant by that is that taxes are only charged on the NET profits and not the gross. Dont leave money on the table by obsessing over your final tax bill. If your taxes went up, so did your profits.
I've said many times that the only person that has the ability to convince a business to hire someone is a CUSTOMER!
Instead of all of this nonsense about creating jobs, we need to create a few customers.
Min wage and lower earners are crappy customers.
It's similar to the broken window fallacy.
Re those two comments asking for facts, or "where are the links?," what makes you think we live in a world where the facts or the links to facts come riding into the scene like the cavalry in bad movies, to save us all with the actual real truth? More and more now, in our public political debates, slogans and half truths are presented by both sides as facts, and, worse yet, facts are virtually manufactured to match slogans. All the talking points, on both sides, are backed by alleged research. Which side do you like? You can find research to support it. That's one of the points I wanted to make.
Re the third comment, bloc vs. block, I thought about it, chose not to, because it focuses the headline on the bloc and not the heterogeneity. Interesting word example, because block may be wrong, but it works better. IMO.
1. Gov't doesn't make or break most, but it can certainly influence them and make or break a few at the margin.
2. No (might qualify a little but still no)
3. Hard to quantify since FIT hasn't changed much in almost 10 years. Small-business owners definitely take taxes into account in hiring decisions, though it's never the primary factor.
4. It helps struggling families if they can get a job. But makes them less likely to find one.
5. I haven't studied the issue but every large business once started out small. It intuitively makes sense that the success stories in small business drive job growth.
6. There's good arguments on both sides but I vote for free trade.
7. No - if you protect one business you too often provide a disadvantage to another, more vibrant business.
8. Definitely. Current effective marginal tax rates are extremely discouraging to the would-be-entrepreneur once (s)he starts to expand.
9. I'm sure they don't all vote the same - I don't try to talk politics with my clients but you do get to know people. For example of my top 3 clients I'd say 2 are center-right and 1 is center-left. (In a very liberal state, if that makes a difference.)
10. Absolutely go-getter immigrants are a positive influence. But I've also seen them compete against illegal immigrants.
We might disagree some but I'd be interested in hearing back.
Government should stay out of businesses business.
Corporations are government protection.
Minimum wage destroys jobs.
Government only makes matters worse and should stay away from businesses completely.
In my neck of the woods, it $600/month for a real cheap apartment, another $300/month for utilities, $60/month for the bus, living him with $290 for everything else. That is $10/day.
What does he live on? Ramen?
And he might as well die if he has to see a doctor, since there is no way he has health insurance.
But you think this is to much money to pay him.
How much is so low you might consider it worth hiring him?
Facts are not a matter of "HOT or NOT."
Thank you for taking the time to make ask some very valid questions that make great points without even an answer. While you and I have differing opinions on some issues, I am glad that you are providing thought provoking questions like these. Both sides of the aisle would do well to consider.
I do want to address the lower tax issues, I can tell you from personal experience that getting funding has counted on tax incentives int he past that I would have otherwise not got. It allowed investors to take money from one investment and move it into mine, which has helped grow jobs and a stronger tax base.