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atlas starting to shrug

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THIS IS WHY THERE ARE NO JOBS IN AMERICA

By Porter Stanberry

Saturday, August 21, 2010

I’d like to make you a business offer. Seriously. This is a real offer. In fact, you really can’t turn me down, as you’ll come to understand in a moment…

Here’s the deal. You’re going to start a business or expand the one you’ve got now. It doesn’t really matter what you do or what you’re going to do. I’ll partner with you no matter what business you’re in – as long as it’s legal.

But I can’t give you any capital – you have to come up with that on your own. I won’t give you any labor – that’s definitely up to you. What I will do, however, is demand you follow all sorts of rules about what products and services you can offer, how much (and how often) you pay your employees, and where and when you’re allowed to operate your business. That’s half of your profits.

Now in return for my rules, I’m going to take roughly half of whatever you make in the business each year. Half seems fair, doesn’t it? I think so. Of course, that’s half of your profits.

You’re also going to have to pay me about 12% of whatever you decide to pay your employees because you’ve got to cover my expenses for promulgating all of the rules about who you can employ, when, where, and how. Come on, you’re my partner. It’s only “fair”.

Now…after you’ve put your hard-earned savings at risk to start this business, and after you’ve worked hard at it for a few decades (paying me my 50% or a bit more along the way each year), you might decide you’d like to cash out – to finally live the good life.

Whether or not this is “fair” – some people never can afford to retire – is a different argument. As you partner, I’m happy for you to sell whenever you’d like…because our agreement says, if you sell, you have to pay me an additional 20% of whatever the capitalized value of the business is at that time.

I know…I know… you put up all the original capital. You took all the risks. You put in all of the labor. That’s all true. But I’ve done my part, too. I’ve collected 50% of the profits each year. And I’ve always come up with more rules for you to follow each year. Therefore, I deserve another, final 20% slice of the business. Oh…and one more thing…

Even after you’ve sold the business and paid all of my fees…I’d recommend buying lots of life insurance. You see, even after you’ve been retired for years, when you die, you’ll have to pay be 50% of whatever you estate is worth.

After all, I’ve got lots of partners and not all of them are as successful as you and your family. We don’t think its “fair” for your kids to have such a big advantage. But if you buy enough life insurance, you can finance this expense for your children.

All in all, if you’re a very successful entrepreneur…if you’re one of the rare, lucky, and hard-working people who can create a new company, employ lots of people, and satisfy the public…you’ll end up paying me more than 75% of your income over your life.

Thanks so much.

I’m sure you’ll think my offer is reasonable and happily partner with me…but it doesn’t really matter how you feel about it because if you ever try to stiff me – or cheat me on any of my fees or rules- I’ll break down your door in the middle of the night, threaten you and your family with heavy, automatic weapons, and throw you in jail.

That’s how civil society is supposed to work right? This is America, isn’t it? That’s the offer America gives its entrepreneurs. And the idiots in Washington wonder why there are no new jobs…

Regards, Porter Stanberry

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I guess in theory socialists might say for the tax they pay companies get educated and human capital.

In practice america (and UK) is full of obese idiots, so i guess even thats debatable. 9 out of 10 of jobs, fred the shreds position included, could be performed by monkeys.

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atlas starting to shrug

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Load of rubbish tbh. The earnings of the top decile whom this rant represents, are higher with respect to everyone else than they have been for over 50 years.

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atlas starting to shrug

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I suppose there are 2 ways of looking at things:

(i) Those on the right believe that the state leech off their efforts

(ii) while those on the left believe that the state gives privileges to people so that they can earn a living.

Everything is relative really, the business proposition would be a god send for North Korean/Cuban while people as comfortable as those in the US will likely to lean on (a)'s view.

Pretty sure if US makes this offer with a Greencard to people in NK/Cuba, Africa etc they would jump on it.

.

Edited by easybetman

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Here's the odd thing about the US- the workers have no money as their pay has stagnated- the businessmen have no money as the government has taxed it all away- the government has no money either, being massively in debt.

Who has all the money? :unsure:

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Here's the odd thing about the US- the workers have no money as their pay has stagnated- the businessmen have no money as the government has taxed it all away- the government has no money either, being massively in debt.

Who has all the money? :unsure:

A casino in Shanghai.

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Load of rubbish tbh. The earnings of the top decile whom this rant represents, are higher with respect to everyone else than they have been for over 50 years.

My business was into its seventh year before my income reached national minimum wage. I expect that's not unusual among those who don't feel comfortable with the dole.

How many of the asians who opened takeaways and corner shops (and pulled Britain out of its post-war status as a culinary laughing-stock) were the rich? Is the mechanic who fixes your bike, car, or washing machine the rich? 'Cos if they are, they've worked bloody hard for it!

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  • 259 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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