Thought I'd share this

 

From Porter Stansberry in the S&A Digest:

 

I've decided to re-publish the most popular essay I've ever written. For some subscribers, this will only be a reminder about the serious problems we face in America. But for the many subscribers we've added in the last several months, this will be all new.

 

If it resonates with you... if you see these same problems in your communities... I encourage you to pass this along to your friends. This is a message we must get across to our fellow citizens. Robbing Peter to pay Paul will not lead to national wealth or prosperity. It will only lead to bigger problems for our children and grandchildren.

 

This Is Why There Are No Jobs in America

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 my role in the affair: to tell you what to do.

 

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 your 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 me 50% of whatever your 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 it's "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 Amerika, isn't it?

And our glorious leader wants even more of our hard earned dollars... And put more rules and regulations on how you earn it.. Some partner..

We hold these truths to be self evident.... boy we've screwed that one up.

Part of me gets this writing. It sucks to pay taxes. As a sub in Carter County (or if you teach in Carter Co.) you get paid once per month. That kills you in taxes and retirement, and I hate getting paid like that.

 

But taxes go towards more than just welfare and things like that. Alot of that goes back into things that the public can use. Don't get me wrong it makes me sick when people abuse the systems put in place to help people out in America, but what is the alternative?

 

On the other end of the spectrum without government regulations very few of us would have much of anything. Venture back to the industrial revolution, where people like me and probably the most of this board would be working long hours for little pay. My point is that conservative fiscal policy (if you want to call it that) set the tone for America & the rest of the free world to be great places to live, but the addition of liberal fiscal policies made that world possible. Without the government having the capability to place restrictions on businesses in this country, most of us would be getting exploited because people over the history of time have proven to be greedy. Does our government take it too far now? I don't know. I do know that they do not in comparison to the rest of the free world which would make our most liberal politicians seem like Glen Beck or Bill O'Reilly. I think you need a mixture of both the left and the right in this country, and there will never be a perfect balance. I do think that anyone that cannot see the necessity of the other side's contributions to an effective capitalistic society is severely uniformed.

Part of me gets this writing. It sucks to pay taxes. As a sub in Carter County (or if you teach in Carter Co.) you get paid once per month. That kills you in taxes and retirement, and I hate getting paid like that.

 

But taxes go towards more than just welfare and things like that. Alot of that goes back into things that the public can use. Don't get me wrong it makes me sick when people abuse the systems put in place to help people out in America, but what is the alternative?

 

On the other end of the spectrum without government regulations very few of us would have much of anything. Venture back to the industrial revolution, where people like me and probably the most of this board would be working long hours for little pay. My point is that conservative fiscal policy (if you want to call it that) set the tone for America & the rest of the free world to be great places to live, but the addition of liberal fiscal policies made that world possible. Without the government having the capability to place restrictions on businesses in this country, most of us would be getting exploited because people over the history of time have proven to be greedy. Does our government take it too far now? I don't know. I do know that they do not in comparison to the rest of the free world which would make our most liberal politicians seem like Glen Beck or Bill O'Reilly. I think you need a mixture of both the left and the right in this country, and there will never be a perfect balance. I do think that anyone that cannot see the necessity of the other side's contributions to an effective capitalistic society is severely uniformed.

Amen ...

Part of me gets this writing. It sucks to pay taxes. As a sub in Carter County (or if you teach in Carter Co.) you get paid once per month. That kills you in taxes and retirement, and I hate getting paid like that.

 

But taxes go towards more than just welfare and things like that. Alot of that goes back into things that the public can use. Don't get me wrong it makes me sick when people abuse the systems put in place to help people out in America, but what is the alternative?

 

On the other end of the spectrum without government regulations very few of us would have much of anything. Venture back to the industrial revolution, where people like me and probably the most of this board would be working long hours for little pay. My point is that conservative fiscal policy (if you want to call it that) set the tone for America & the rest of the free world to be great places to live, but the addition of liberal fiscal policies made that world possible. Without the government having the capability to place restrictions on businesses in this country, most of us would be getting exploited because people over the history of time have proven to be greedy. Does our government take it too far now? I don't know. I do know that they do not in comparison to the rest of the free world which would make our most liberal politicians seem like Glen Beck or Bill O'Reilly. I think you need a mixture of both the left and the right in this country, and there will never be a perfect balance. I do think that anyone that cannot see the necessity of the other side's contributions to an effective capitalistic society is severely uniformed.

 

I agree that government does play a role in the business world, but the exploitation of 100 years ago is far different than the intrusion that we see of today's government.

They do not need so much of our money to enforce their regulations, even after you take into account the government's constitutional duties.

I am...a mortal enemy to arbitrary government and unlimited power. I am naturally very jealous for the rights and liberties of my country, and the least appearance of an encroachment on those invaluable privileges is apt to make my blood boil exceedingly...

Ben Franklin

The vast majority of our rules and regulations are due to the greediness of people trying to take advantage of others or having disregard for the welfare of others. In spite of these rules, there can be little doubt that the American Dream lives on and opportunity is still there for anyone in our nation to have success 90% of the rest of the world has no chance at. As to taxes, the overall tax rate in the US is one of the lowest in the world. This isn't why there are no jobs in America. Makes for a nice column. Feeds the masses what they want to hear and where they want to point fingers. There are a couple good points in there, just a couple. But regulations and taxes are not the reason why there are no jobs. Next ....

I find the most greed now comes from the govt. Some of the self serving laws they have passed are ridiculous.

You want to fix it..................

 

Then demand Term Limits for our Corrupt Legislative Branch............Those are the people getting Rich while Americans suffer. They create all the loop holes and under the table deals.

You want to fix it..................

 

Then demand Term Limits for our Corrupt Legislative Branch............Those are the people getting Rich while Americans suffer. They create all the loop holes and under the table deals.

 

I think term limits would help a lot. Incumbents have such an advantage in elections from a fund raising point of view that many qualified people don't even think about running. I would love to see turnover in DC. Fresh ideas and more responsive to the voters.

I think term limits would help a lot. Incumbents have such an advantage in elections from a fund raising point of view that many qualified people don't even think about running. I would love to see turnover in DC. Fresh ideas and more responsive to the voters.

 

I can't disagree with that. Add the fact that so many resources are spent trying to stay in office/prepare for the next round of elections.

Atlas Shrugged - only not the movie....real life in 2011.

2012 Government = greed...corruption happens in every civilization. Only way to stop it is by revolution.

The Republicans pushed for term limits serveral years back, but the Dems would not go for a constitutional amendment in the Senate.