Quote:
Originally Posted by MChat
If business is slow, that's all the more reason for him to keep (in the bank) more of the money rather than let the gov't take it away in taxes. That way he can keep the employees he has so that when business goes up he doesn't have to spend time looking for another worker.
Meanwhile if business slows down and the Gov't comes along and swipes his extra cash, then he has to lay off idle employees because he can't afford to keep them. Then he has to spend time and money on when business goes up to find new employees.
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MChat,
I don't think you know me, and I don't think I've seen you around much. Welcome.
Anyway, I'm not voting for Obama, nor am I voting for McCain. I don't want either of them running the show, but for different reasons for each one.
I do not want businesses to have to pay too much taxes either, but when business is down people get rid of employees, or cut hours. Most businesses do not hold on to employees anymore.
Remember Henry Ford? He paid his employees well enough so that they could afford the product that they made. If the Fed comes along and takes away all the earnings of the employees then nobody will be able to afford the product and Ford goes out of business. And I agree that if the Fed taxes the company too much then it will no longer be worth the effort and the company will shut down. It has to work both ways, and it has to stay balanced. The GOP pushes too far towards the companies, the DNC pushes too far towards the workers.
CdC,
I can always rely on you to answer a question with vapid hyperbole and propaganda posters. Get a clue - or do you just prefer to crib your answers from MChat? No need to answer - you already provided it. I bet you used somebody elses financial acumen to get where you are with your profession.
Steve