On 09/14/2010 04:29 PM, Michael Madigan wrote: > You're thick. > > We're not giving rich people a tax break, we're letting them stay at the same > rate they're currently at. Rich people will have their taxes increased on > January 1 unless we extend the Bush cuts.
Actually their taxes will simply go back to the rate before Bush cut their taxes, which isn't really a tax increase. It's simply a matter of semantics, (6 of one, a half dozen of another, or the famous bakers dozen.). > A small business owner making 1.250 million per year will see his taxes go up > $50,000 a year. So what does he do? He cuts non-critical personnel like an > extra clerk, an extra secretary, an extra cleaning person, any way to get > back his $50,000, or he just doesn't hire a person to replace an employee who > quits. If he has an income of $1,250,000, he could probably give up one of his 3 or 4 luxury autos, contribute $750,000.00 into his retirement account, rather than $800,000.00, give up his membership in the exclusive country club, God forbid, etc. Employment is a company decision that requires a business to have the number of employees necessary, with reasonable limits, to produce enough merchandise to meet projected sales. It's really not connected to the individuals personal tax rate, or, I believe, it shouldn't be. Making employment decision based on personal tax rates seems immoral to me, (eg I have to be given x amount of income or employees will pay.) > But it isn't just %50,000. > > All his employees he gives health benefits to will see their medical > insurance plan go up a minimum of 10% with the high range being 40%. Why is > it going up? Because Obamacare now requires insurance companies to insure > children up to age 26 and forbids the exclusion of pre-existing conditions. > > So now more employees get cut. The 8% to 10% increase in health care cost per year, under the old system, was not sustainable. The current increases in health insurance is mostly due to the 40 million people being covered today, that were not previously insured, but were still a drain on the health care system; because, they used emergency rooms, medical clinics, and other health care resources without paying. I suppose these cost were built into the insurance premiums pay under the old system. Regards, LelandJ --- On Tue, 9/14/10, Leland Jackson <[email protected]> wrote: >> From: Leland Jackson<[email protected]> >> Subject: Re: [OT] A Recovery’s Long Odds >> To: "ProFox Email List"<[email protected]> >> Date: Tuesday, September 14, 2010, 5:10 PM >> OK, here's the short >> version. Rich people, given a tax break, will >> not drive growing employment; because, rich people will not >> rush out and >> add employees, when business is slow due to lack of >> demand. Under these >> conditions, rich people will hoard their wealth in safe >> investments here >> and abroad, or look for opportunities to cash in from >> assets being sold >> a distressed prices. >> >> Only greater demand for goods and services will drive >> higher >> employment. Greater demand results in a ramping up of >> productivity, >> which in turn requires increased employment. Who will >> provide the >> increased demand? Not the rich. The increased >> demand will come form >> Everyday American consumers like you and I, who can >> increasingly afford >> to buy the goods and services as the economy grows. >> >> Regards, >> >> LelandJ >> >> >> >> >> On 09/14/2010 03:18 PM, Michael Madigan wrote: >>> You aren't making any sense. >>> >>> --- On Tue, 9/14/10, Leland Jackson<[email protected]> >> wrote: >>>> From: Leland Jackson<[email protected]> >>>> Subject: Re: [OT] A Recovery’s Long Odds >>>> To: "ProFox Email List"<[email protected]> >>>> Date: Tuesday, September 14, 2010, 4:15 PM >>>> On 09/14/2010 02:13 PM, >>>> Michael Madigan wrote: >>>>> Only rich people hire poor people. I've >> never >>>> worked for a poor person in my life. >>>> >>>> Hahahaahaa. Business hire people, not rich >>>> people. Within a business >>>> the employment positions that are valued most >> receive the >>>> most pay, and >>>> employment positions that are valued less receive >> less >>>> pay. Therefore, >>>> manager, CEOs, and owner, (eg stockholders), are >> usually >>>> richer than >>>> than middle management and labor, (eg the middle >> class), >>>> but still the >>>> need of the business as a whole determine >> employment >>>> levels. >>>> >>>> The needs of the Business, whether incorporated >> are no, >>>> determine when >>>> hiring takes place. Rich people, per say, >> have little >>>> or no control >>>> over this, (eg the need of the business rule >> supreme and >>>> decisions on >>>> hiring are made by a board of directors and/or >> management >>>> and middle >>>> management). >>>> >>>> When the economy is normalized, (eg growing >> normally), >>>> employment is >>>> good, and companies stay busy selling good and >> services to >>>> consumer who >>>> have high demands for products, and can afford to >> pay for >>>> them. When >>>> the economy is depressed, there is little demand >> from >>>> consumers, so >>>> companies have less sales, are less busy, and >> require less >>>> employment. >>>> >>>> In a capitalist economy, employment is not an end >> in >>>> itself; rather, >>>> profit is the ends, and employees are a means to >> achieving >>>> this end. >>>> Within a corporation it is not a matter of the >> rich driving >>>> employment, >>>> but a matter of employment at all levels working >> together >>>> within the >>>> confines of the economic supply and demand >> equation, and >>>> sharing fairly >>>> in productivity. >>>> >>>> Whether you look at it in the context of a closed >> system >>>> like a >>>> corporation, or on a broader scale, like an entire >> economy, >>>> the rich are >>>> just as dependent on the middle class and poor, as >> the poor >>>> and middle >>>> class are dependent on the rich. Both are a >> necessity >>>> and codependent, >>>> but there must be fairness to create balance, so >> we have >>>> an to create >>>> an economy in which business need growing >> employment. >>>> Regards, >>>> >>>> LelandJ >>>> >>>> >>>>> Obama is too f%cking stupid and arrogant to >> realize >>>> this. He wants to play the class warfare >> game. >>>> Rich people aren't forced to hire people and will >> sit on >>>> their money until the incompetent Kenyan is gone. >>>>> The economy is doomed until 2013. >>>>> >>>>> >>>>> >>>>> >>>>> --- On Tue, 9/14/10, Leland Jackson<[email protected]> >>>> wrote: >>>>>> From: Leland Jackson<[email protected]> >>>>>> Subject: Re: [OT] A Recovery’s Long >> Odds >>>>>> To: "ProFox Email List"<[email protected]> >>>>>> Date: Tuesday, September 14, 2010, 3:00 >> PM >>>>>> On 09/14/2010 01:33 >> PM, >>>>>> Michael Madigan wrote: >>>>>>> Obama can send the economy zooming by >>>>>>> >>>>>>> 1. Repealing the health care >> bill >>>>>>> 2. Making the George Bush tax >> cuts >>>> permanent for >>>>>> everyone >>>>>>> 3. Dropping Cap and Tax from >> ever coming >>>> up >>>>>> again >>>>>>> 4. Cutting Federal spending back >> to >>>> 2008 >>>>>> levels. >>>>>>> 5. Cutting back the minimum wage >> to its >>>> previous >>>>>> level >>>>>> Your a true Ultra-Conservative, (eg one >> that >>>> insists the >>>>>> old order of >>>>>> thing must not change). There is a >> small >>>> group, such >>>>>> as yourself, in >>>>>> our legislature that feel likewise, and >> this small >>>> group of >>>>>> legislators, >>>>>> with the help of the wealthiest Americans >> and >>>> their >>>>>> lobbyist, control >>>>>> and seek to speak for the whole of the >> republican >>>>>> party. Their motto: >>>>>> >>>>>> Just say no to everything and wait for >> control of >>>> congress >>>>>> and the >>>>>> whitehouse to be return to them. >>>>>> >>>>>> Regards, >>>>>> >>>>>> LelandJ >>>>>> >>>>>>> --- On Tue, 9/14/10, Leland >> Jackson<[email protected]> >>>>>> wrote: >>>>>>>> From: Leland Jackson<[email protected]> >>>>>>>> Subject: Re: [OT] A Recovery’s >> Long >>>> Odds >>>>>>>> To: "ProFox Email List"<[email protected]> >>>>>>>> Date: Tuesday, September 14, 2010, >> 2:19 >>>> PM >>>>>>>> On >> 09/14/2010 12:51 >>>> PM, >>>>>>>> Michael Madigan wrote: >>>>>>>>> There's not going to be a >> recovery >>>> until Obama >>>>>> is >>>>>>>> driven from office. >>>>>>>>> Businesses are looking at: >>>>>>>>> >>>>>>>>> Higher Federal Taxes after Jan >> 1. >>>>>>>>> Higher medical insurance >> costs. >>>>>>>>> Cap and Trade taxes to fix >>>> non-existent >>>>>> Man-Made >>>>>>>> Global Warming. >>>>>>>>> Look for a recovery to begin >> Jan 20, >>>> 2013. >>>>>>>> So, your attitude is wait until >> 1213 for >>>> a >>>>>> Republican >>>>>>>> control government >>>>>>>> reminds me of someone else with >> that kind >>>> of >>>>>>>> attitude: LOL >>>>>>>> >>>>>>>> The Microsoft Motto: "We're the >> leaders, >>>> wait for >>>>>> us!" [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
