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No pal, it's called managing your business, from bottom to top.
Float payroll? When a business does that, it's time to shut the place down.
This couldn't be further from the truth. Given how much lower rates on short term float loans are for businesses, you can save your company an enormous amount of money by engaging in those kind of practices. Choosing not to float things such as payroll is making the conscious choice to throw money down the drain.
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What does a home mortgage have to do with running a business?
Not a home mortgage. One for your business. Are you saying you didn't have a physical location to operate out of? You know...the building you used to conduct business?
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I didn't need CREDIT LINES. That's what saving and managing money can do. Businesses that stay the same size, such as mine was, did not wish to expand, or borrow money to expand.
What's with the queries? You still cannot explain what the 1% has done for the USA, other than to amass greater wealth, and create very few jobs. Or, is that a fact you're willing to deny?
You don't have health care? You didn't have a retirement plan for yourself and your employees? What causes those things to stay running? What was your small business specifically where you apparently didn't need a physical building, didn't need health care and didn't need a retirement plan?
The 1% has created a financial system that lets Americans have mortgages at affordable rates so that you have the possibility of owning your own home. They have created a system by which you can actually save enough money to retire and not work until you are 90 years old. They have created a system that allows Colleges to grow, expand, and offer loans so that people without cold hard cash to pay for school can gain an education. They have created a system by which municipalities can create the bonds that are sold to fund your local parks, libraries, and roads. The infrastructure of this country was built by them, and the jobs that were created by that system are thanks to them.
Or is all of that a collection of facts you want to deny?
Tax rates went up on income including an increase in payroll taxes. How does it help the poor to punish the 1% who are typically job creators?
I'm just curious how raising taxes is helping you?
It doesn't. Raising taxes on everyone hurts everyone. Obama supports tax increases on everyone because he is a right-wing hack who is just as owned by the corporations as Bush was, it's just that Obama does a better job of hiding it.
Raising taxes on the very wealthy, including hiking the inheritance tax (ending de facto monarchy) and creating a financial transaction tax (taxing money attempted to be moved to tax shelters) and tariffs on completed, imported goods (things made in Communist China) are a much better way of doing things...that, and being wiser with the revenue we bring in now, like not spending it protecting Western Europe from a Soviet Union that no longer exists, and not fighting a useless war on cannabis, which is a harmless substance, and fixing inefficient government (merging WIC, EBT, and other programs to feed poor people into one program with different levels of qualifications, saving X percentage in administrative costs)
And the ruling classes are not the "job creators". The consumer creates the need for jobs, and 90% of consumers are not rich. I buy something, it has to be replaced. More people in my income level buy stuff, what we buy has to be replaced, and hence the need for workers to stock shelves and build the things we buy comes up. The rich only themselves buy some staples (there is only so much a man can eat and drink, no matter how rich he is) and luxury goods that don't employ that much. They only "create jobs" when they can make a profit out of it, and 99% of the time said profit is made by serving the non-rich in one way or another.
How? Did he contract credit after promising to do otherwise?
Nope, it was the big banks.
Banks would be able to extend credit if the federal government and federal reserve weren't operating to push future tax promises while holding the funds rate at a 0-bound. Why would any bank in its right mind lend more money given those political and economic conditions?
Banks would be able to extend credit if the federal government and federal reserve weren't operating to push future tax promises while holding the funds rate at a 0-bound. Why would any bank in its right mind lend more money given those political and economic conditions?
Because, in order to receive the bail-out for their misdeeds, they promised not to contract credit.
How do increasing deficits because we are cutting government income help anyone?
Crank income tax rates for those making more than $500K and you still won't pay for government overspending. The top 1% could pay more, there's no question about that, but the real problem is that the government spends to much money to begin with. The question should be moot. Do we honestly need an enormous federal government? Things like welfare, social security, medicare, medicaid, military -- our biggest expenditures -- always tend to get irresponsibly easy to defraud when run from the big ivory tower in Washington DC.
Because, in order to receive the bail-out for their misdeeds, they promised not to contract credit.
Then why did the FED push the funds rate to its 0-bound? And after that, why was a nationalized health care solution pushed through legislation when there was no downward room in the funds rate (that is needed to offset any major government project such as that)? And after that, why was interest on reserves added as another lever for the FED?
The government lied to banks as much as banks lied to government. How did you expect them to respond? What choice did they have after that series of events?
This couldn't be further from the truth. Given how much lower rates on short term float loans are for businesses, you can save your company an enormous amount of money by engaging in those kind of practices. Choosing not to float things such as payroll is making the conscious choice to throw money down the drain.
Not a home mortgage. One for your business. Are you saying you didn't have a physical location to operate out of? You know...the building you used to conduct business?
You don't have health care? You didn't have a retirement plan for yourself and your employees? What causes those things to stay running? What was your small business specifically where you apparently didn't need a physical building, didn't need health care and didn't need a retirement plan?
The 1% has created a financial system that lets Americans have mortgages at affordable rates so that you have the possibility of owning your own home. They have created a system by which you can actually save enough money to retire and not work until you are 90 years old. They have created a system that allows Colleges to grow, expand, and offer loans so that people without cold hard cash to pay for school can gain an education. They have created a system by which municipalities can create the bonds that are sold to fund your local parks, libraries, and roads. The infrastructure of this country was built by them, and the jobs that were created by that system are thanks to them.
Or is all of that a collection of facts you want to deny?
I'm a veteran, my healthcare is free of charge.
I set money aside for my retirement, and am an old fart so I have both, retirement and SS.
Why should I have provided anything for an employee? One?
Paying a employee/s weekly wages is throwing money down the drain?
Borrow money to make payroll?
That is insanity. If you can't pay the help without having to borrow money, you should lock the place and fire everyone, and go home.
Sounds as if you'd be the worst banker in the world, you want people to borrow money for everything, from payrolls, to health insurance, to who knows what else.
Ever hear of being self sufficient?
Its not punishment, they use more of the system so should pay more in taxes. If you have an apt. building and one person has as one bedroom apt, they should pay less then the guy that has a 5 bedroom penthouse apt.
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