How Joe The Plumber makes $250,000+

[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.

[cobra de capell]

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.

That makes sense - rainy day fund, versus tax and spend is the route to go - too bad the federal government doesn't understand that concept.

[VRM]

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.

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

[MChat]

Originally Posted by VRM

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.

Larger (public) corporations may not hold on to employees, but small businesses usually prefer to, if at all possible. Having been on the interviewer side of things I know how difficult it is to A. find a qualified candidate that will B. actually perform the job well.

When business declines, a small business might "lay off" someone that they feel is not doing an outstanding job; but someone who is a hard worker they'll keep on board (if they can afford to) even if they don't have work for them. Because finding another qualified hard worker is difficult; hiring new employees is always a gamble.

The problem is right now, having been taxed to death for the last umpteen years, and now virtually out of control inflation (I don't believe anyone is buying that 3-4% reported by our Gov't, I certainly am not) many small businesses simply cannot afford to keep people around. But taxing them further isn't the answer either.

And I disagree with at least 60% of McCain's platform, but I disagree with 100% of Obama's. Let's just say that I'm so conservative that McCain comes off as a "Leftist" to me.

[cobra de capell]

"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."

First, You sure can.

Second - I did, it's called education and training on this planet!

So, you are not voting at all? I've got some words in response to that, but I don't want to be banned, at least not today.

Perhaps you don't realize that life is all about compromising - one can have anything they want, but not everything they want - clearly you and millions of other people cannot seem to grasp that simple concept - on the other hand, 50% of us are lower average so there is an explanation.

McCain-Palin are far from perfect with perfect being me and practically anyone else. Obama doesn't even come close to being qualified as the leader of the free world. It's sad that you don't understand how to sort out the choices. Actually, I'm a little worried about you, get some help.