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ObamaRama 8

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Re: ObamaRama 8

Rover said:
But to expand a business does not correlate to whether or not an individual is working double time at his existing job. There's no connection there, making this tangent of yours an exercise in CYA since you can't admit that a possible 5% increase in a future tax rate will not discourage business from expanding if there's profits to be made, which was your original assertion.
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You completely ignore risk (which is not static) therefore we obviously aren't going to agree on the expansion point. Perhaps there is a different way to look at this.

Lets say that you just plan on keeping your business running like it is and there aren't opportunities to expand. You then have the gov't come in and say they are taking 10% of your take home. You like your lifestyle so what do you do? You consolidate your business. You lay a couple people off saving you money (increasing your profit margin) and keeping your net take home the same. Sucks for the employees, but its alright they can feel good knowing that their jobs went for the sake of gov't spending.
 
Re: ObamaRama 8

margins and ibitda. they affect your ability to get and keep bank loans. which many small businesses have. lots of businesses relocate to state with less taxes.
 
Re: ObamaRama 8

Free fallin....

http://www.rasmussenreports.com/pub...ministration/daily_presidential_tracking_poll

The Rasmussen Reports daily Presidential Tracking Poll for Tuesday shows that 27% of the nation's voters Strongly Approve of the way that Barack Obama is performing his role as President. Forty-two percent (42%) Strongly Disapprove giving Obama a Presidential Approval Index rating of -15. This is the lowest Approval Index rating yet measured for President Obama.

Fifty-two percent (52%) of Democrats Strongly Approve while 68% of Republicans Strongly Disapprove. Among those not affiliated with either major political party, just 16% Strongly Approve and 51% Strongly Disapprove

Overall, 45% of voters say they at least somewhat approve of the President's performance. That matches the lowest level of total approval yet measured for this president. Eighty-one percent (81%) of Democrats approve as do 33% of unaffiliated voters. Eighty-three percent (83%) of Republicans disapprove.

Among all voters, 54% now disapprove.

:cool:
 
Re: ObamaRama 8

MinnFan said:
Thats the point :eek:

If you cut into your time you're going to want it to be worth your while. The more you are compensated for your additional work the more likely you are going to be to spend your time working.
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And as I said before, my educated guess is that the disincentive created by taxes is miniscule compared to what you think it is. The reason I don't work 80/hr weeks is not my marginal tax rate, but the simple fact I want those extra 40 hours of free time. The reasons businesses choose to expand or not to expand have much larger factors than whether the corporate tax rate is 10% or 11%.
 
Re: ObamaRama 8

MinnFan said:
You completely ignore risk (which is not static) therefore we obviously aren't going to agree on the expansion point. Perhaps there is a different way to look at this.

Lets say that you just plan on keeping your business running like it is and there aren't opportunities to expand. You then have the gov't come in and say they are taking 10% of your take home. You like your lifestyle so what do you do? You consolidate your business. You lay a couple people off saving you money (increasing your profit margin) and keeping your net take home the same. Sucks for the employees, but its alright they can feel good knowing that their jobs went for the sake of gov't spending.
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That would depend on if laying off people would help or hurt your business. If laying off people would improve your margin, wouldn't you do it anyway regardless of any tax implications? Or are you only talking about inefficient businesses???

More likely you're following the pointy-haired boss from Dilbert method of "if I keep arguing long enough, people will give up and I can declare victory" .:rolleyes: :cool:

huskyfan said:
lots of businesses relocate to state with less taxes.
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Then why doesn't New Hampshire or Wyoming have more businesses located in them than New York? If taxes are the driving factor, both places should be the economic powerhouses of the United States.
 
Re: ObamaRama 8

Bill said:
Not exactly a good prediction (BK) for where the country is headed financially:

http://www.thedailycrux.com/content/3455/Porter_Stansberry/eml
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I'd love to see this guys investment portfolio...I like seeing people actually invest their own money supporting what they 'know' will come to pass. He should have all his money in gold overseas. See another one of this guys lovely articles:

Stansberry: Detroit's socialist nightmare is America's future
 
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Re: ObamaRama 8

Rover said:
More likely you're following the pointy-haired boss from Dilbert method of "if I keep arguing long enough, people will give up and I can declare victory" .:rolleyes: :cool:
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I don't think this board has ever seen a finer example of the proverbial pot-kettle exchange. :D
 
Re: ObamaRama 8

Rover said:
Then why doesn't New Hampshire or Wyoming have more businesses located in them than New York? If taxes are the driving factor, both places should be the economic powerhouses of the United States.
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As a citizen of the great state of New York, I wouldn't use it as a shining example of a business powerhouse. NYS is only relevant economically because of Wall Street.
 
Re: ObamaRama 8

MattS said:
As a citizen of the great state of New York, I wouldn't use it as a shining example of a business powerhouse. NYS is only relevant economically because of Wall Street.
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Still doesn't answer the question. If taxes are such a big factor in where businesses locate, New York would be deserted after all these years and low cost states (take your pick, there's a few of them out there) would have almost all of their business.
 
Re: ObamaRama 8

Rover said:
Still doesn't answer the question. If taxes are such a big factor in where businesses locate, New York would be deserted after all these years and low cost states (take your pick, there's a few of them out there) would have almost all of their business.
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Wasn't trying to answer your question. Just pointing out that NYS as a whole is not a great business state out side of NYC and Wall Street.
 
Re: ObamaRama 8

5mn_Major said:
I'd love to see this guys investment portfolio...I like seeing people actually invest their own money supporting what they 'know' will come to pass. He should have all his money in gold overseas. See another one of this guys lovely articles:

Stansberry: Detroit's socialist nightmare is America's future
Click to expand...

He predicted that GM would go bankrupt long before it actually did, and long before the government gave GM bailout money. I believe he does have recommendations in gold and silver, although I think he is considered a "value" investor these days.
 
Re: ObamaRama 8

MattS said:
Wasn't trying to answer your question. Just pointing out that NYS as a whole is not a great business state out side of NYC and Wall Street.
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...which likely has more to do with it being a backwater and quality of life than anything else. Minnesota has higher taxes and has always been quite vibrant.
 
Re: ObamaRama 8

SPIN CONTROL said:
Free fallin....

http://www.rasmussenreports.com/pub...ministration/daily_presidential_tracking_poll

The Rasmussen Reports daily Presidential Tracking Poll for Tuesday shows that 27% of the nation's voters Strongly Approve of the way that Barack Obama is performing his role as President. Forty-two percent (42%) Strongly Disapprove giving Obama a Presidential Approval Index rating of -15. This is the lowest Approval Index rating yet measured for President Obama.

Fifty-two percent (52%) of Democrats Strongly Approve while 68% of Republicans Strongly Disapprove. Among those not affiliated with either major political party, just 16% Strongly Approve and 51% Strongly Disapprove

Overall, 45% of voters say they at least somewhat approve of the President's performance. That matches the lowest level of total approval yet measured for this president. Eighty-one percent (81%) of Democrats approve as do 33% of unaffiliated voters. Eighty-three percent (83%) of Republicans disapprove.

Among all voters, 54% now disapprove.

:cool:
Click to expand...

And these numbers won't be germane for another 2 years. Who cares what they are at today?
 
Re: ObamaRama 8

5mn_Major said:
...which likely has more to do with it being a backwater and quality of life than anything else. Minnesota has higher taxes and has always been quite vibrant.
Click to expand...

I'd say it's got more to do with NYS politicians being really good at wasting money on bogus crap.
 
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