What a socialist....or maybe he is just trying to come up with some rational for having more coaches than players.
Interesting take. And, to a certain degree I have to agree. But I have two problems: 1) He speaks of entreprenuers. Well, many programs that are now gone have severely crippled small business from getting off the ground. In Oregon alone, I read in a business journal that small business development due to recent tax shifts & gaines have dropped the openeing of small business by 75%. 2) If I made in the hundreds of millions per year as he does, I'd be more than willing to pay a little more to help people- so long as that's where the money really goes, that is, directly helping people in genuine need. I currently make $60,000 per year and pay over 15% to the needy. But my problem is that people who make $125,000 are treated the same as those making 200 billion- as fully wealthy. There's a whopping big difference between someone making $125,000 and, say, Brandon Roy making $15,000,000 + a goober full load of endorsement money. I think the definition of "wealthy" should be $500,000 per person or $1,000,000 per couple- or maybe higher.
Yeah, light cigars with a hundred dollar bill, tip the washroom attendant a few hundred dollars and never miss it...
The most important idea in his post is "Profits are not a zero sum game." I wish people would stop demonizing profit. It's a good thing. It's the fruit of your labor. Profits are spent and invested. Companies with high profits can innovate and create new goods and services. Companies with high profits pay more in taxes. I'm constantly told as a free marketeer that I don't care about poor people. I want to clear all the crap out of the way so everyone has the opportunity to be wealthy.
This is the biggest problem facing the nation, the companies have stopped paying income taxes by having a mail box in the islands.
Why should corporations have a flag? Should we decry Toyota for paying American income taxes and not just Japanese?
Agreed. Many companies make money here but pay no tribute. If that's the case, they should be treated as a foreign business and taxed as such.
True. However, they are now a lot more prohibitive in Oregon. I dunno, things are just really out of sorts all over.
Could you provide a link please? Taxes for small businesses haven't really shifted that much in the last 2-3 years in Oregon to make that kind of impact, IMHO. Might it have something to do with the fact that credit dried up like a lemon in the desert?
I'd also like to see a link for that. Taxes aren't typically a big problem in getting a company started, because you don't pay taxes if you aren't making profits. Yes, there are various fees, but for a typical business they don't amount to much. I think it still costs just $10 to register a company in the state of Oregon, or did they finally increase that? barfo
"get rich" how lame. most patriotic thing is to live in a mega-planned community while spending your days eating at cheesecake factory and then going home to watch american idol!
