EntrepreNever

If it takes you 27 years of sweat equity running a ‪small business to make it into the 1% don’t you think there should be a waiver from the Obama administration on his tax on everyone who makes $250,000 or more?

There are waivers for Big Union and Big Business for Obamacare.

  small business  owner is a community organizer too, only he’s not spending other people’s money.

After all, a small business reports income taxes on what the business makes and then must determine how much of that income has to go back into the business for the business to survive and grow.

Why should Obama decide how many employees I should hire?  Why should he decide how much we decide to invest in new and existing products and services to survive or grow?

 

 

 

 

 

Small Business Owners – Making Millions, of Jobs That Is…

Obama - Biden Entreprenever_edited-1President Obama, you coined the phrase “middle class economics” as one of your latest “camplaign” appeals.

I coined the phrase “Entreprenever” for you.

Mr. Obama, you have never been an entrepreneur.  You are successful beyond the imagination of most people’s dreams.  You are obviously a highly talented and intelligent person. You have a loving family.

You have a loyal and caring following… then here comes the but, at least not until, and unless, you are willing to walk in a small business owner’s shoes, you’re politics hurt small business owners.

I’m an entrepreneur.  I’m not a millionaire, but job growth is a constant in my business. There are a lot of small business entrepreneurs out there earning millions in taxable revenues for their small businesses, who aren’t millionaires.  They’re making jobs, not millions.  Why not millions of dollars? Too many regulations, too many taxes, too much big government getting in the way.

Small Business Owners make millions of jobs, not millions of dollars! That’s what I call “American Exceptionalism.”

Mr. President, if you truly want to help the middle class, help small businesses grow and hire more people.  They’re your middle class economy.  There are many up and coming millionaires that are making products, providing services and creating jobs.  They should be paying less taxes, NOT more, than they do today.

Small businesses want to invest their income in products, services and jobs, not squandered on meeting meaningless regulatory bureaucratic “make work.”  Call it unintended consequences, but I don’t think you really care, or you care more about bureaucratic jobs than you do about free enterprise jobs?  Free enterprise better defines “middle class economics” than big government any day!

Free enterprise defines middle class economics” better than big government any day!!

Small businesses that file their taxes as individuals need lower income tax rates, even at the top income brackets, so that we receive a fair return for the risk we take to grow our businesses.  In my case, growing a successful business from 1 to 40 FTEs required; cashing in all my savings, a second mortgage on the house, personal loans from friends and family, 12-14 hour days, no PTO or vacations for the first 10-12 years. The mortgage on my house was $100K when I bought the house.  Twenty-five years later after loans, it is still over $200K.  If I’m not successful, that will be my legacy to my children, not your children.

Before you insert your platitudes about every American giving their fair share, you’re too intelligent to believe our current entitlement society, including illegal immigrants choking our medical, educational and government resources, is fair to hard working legal US CITIZENS.

The failure rate for small businesses like my own is one success in five failures.  So where is your reward at the end of the tunnel?  Higher taxes.   You don’t care, but higher taxes on small business owners prevent further investment in their business,  reduces the chances of paying off outstanding loans and lost income due to lack of cash flow.

I didn’t have a 401K or savings account for over 10 years.  I don’t have a huge stock portfolio, a second home, fancy cars or take Alaskan cruises… well OK,  I did take an Alaskan cruise with my wife,  It was awesome!  Should I thank you Mr. President?  Higher taxes is how you, our President rewards hard work, ingenuity and innovation.  That’s why I coined the phrase for you, President Obama, Entreprenever.

Yes, I’ve seen the news stories about this small business and that small business, who obtained and SBA loan or some other government handout.  Good for them!  That’s great theater.  That’s great politics!  You’re the best!

I’m not going to get into the weeds on excessive regulation and the politics here.  There are plenty of people capable of doing so.  Of this I am certain.  You’ve never run a business, certainly not a small business, and certainly never had to put your life’s savings on the line for a small business.

Mr. Obama, you’re ticket’s already been punched.  You’ve already made millions.  You stand to make millions more.  Maybe you already have, so what’s my point?  My point is you can never say you are for the little guy, the small business owner, end of story.

For all the Rich and Famous liberals out there that make millions and billions, mind your own f$$$$n” business!! If you want to raise taxes on people, think about small business owners versus our government’s track record in making money.  You’re pretty good at it, why don’t you get it!!!

We’re $18 Trillion in debt.  You could let big government spend more money on the backs of hard-working small business people, as well as, their employees and their families.  You could push for lower taxes on small business owners or you could just put you money where your mouth is…

Send your contributions to:

Gifts to the United States
U.S. Department of the Treasury
Credit Accounting Branch
3700 East-West Highway, Room 622D
Hyattsville, MD 20782

Much obliged!

Sincerely,

The ideacapitalist

Small Business Owner

What Do Career Politicians, Professors and Community Organizers Have In Common?

I35W-Bridge-Collapse

I 35W Bridge Collapse – Cars rest on the collapsed portion of the I-35W Mississippi River bridge after the Aug. 1, 2007 collapse in which 13 people were killed and 145 were injured. America’s infrastructure has consistently beem rated poorly. U.S. Coast Guard photo

When it comes to politics, they think voters are stupid, don’t have time to question their lies, or don’t care!

Why else would career politician, Hillary Clinton, Professor Elizabeth Warren repeat, and community organizer a.k.a., Entreprenever and chief, Barack Obama’s well worn rhetoric, “If you’ve got a business, you didn’t build that. Somebody else made that happen.” referring to private businesses being dependent of big government.

We have a problem and it is a corrupt government and a complicit mainstream media.  Who has time to fact check all the lies we hear every day courtesy of the Obama administration and echoed by the media? Take as an example the huge waste in billions of stimulus dollars Obama spent as payback for getting him elected.

So how is it possible that big government can provide corporations and businesses with the vehicle to succeed? I decided to look on the popular website HowStuffWorks.com to see if they agreed with liberals. This is an excerpt: In 2009, Community Organizer and President Obama’s government spent a staggering $3.5 trillion dollars and raised $2.1 trillion in individual and corporate taxes — still leaving a budget deficit of more than a trillion dollars.

The Government doesn’t earn money!  “Government Funded”, “Government Subsidized”, “Government Money”, “Government Grant” … all mean “TAXPAYER FUNDED”, “TAXPAYER SUBSIDIZED”, “TAXPAYER MONEY”, or “TAXPAYER GRANT”. They’re all money from YOUR pocket.  Conclusion: The Government spends money!   Currently we are spending or speeding our way toward $18 trillion in debt.

In fact, 55% of all tax dollars come from small business that are spent on government programs, including infrastructure, roads and bridges.  When a small business person fills up at the pump, on average, we pay almost 50 cents per gallon to the government for taxes on gasoline, approximately 13 cents on every dollar.   Add toll roads to the equation and in many parts of the country the cost to taxpayers for infrastructure goes up.

you didn't build that

You didn’t build that. Somebody else made that happen.” video. Click on image to hear video.

elizabeth Warren

Elizabeth Warren’s “You didn’t build that.” video. Click on image to hear video.

hillary clinton

Hillary Clinton: Corporations and Businesses Don’t Create Jobs. Click on image to hear video.

“To say what he (Obama) said is to say that Steve Jobs didn’t build Apple Computer or that Bill Gates didn’t build Microsoft or that Henry Ford didn’t build Ford Motor Company or that Ray Kroc didn’t build McDonald’s or that Papa John’s didn’t build Papa John’s Pizza. This is the height of foolishness. It shows how out of touch he is with the character of America. It’s one more reason his policies have failed. It’s one more reason why we have to replace him in November.”  Mitt Romney.

Even the Washington Post gave the “You didn’t build that…” liberal nonsense credence, giving him 3 Pinocchio’s.

Here’s what Charles Krauthammer had to say, “The argument between left and right is about what you do beyond infrastructure. It’s about transfer payments and redistributionist taxation, about geometrically expanding entitlements, about tax breaks and subsidies to induce actions pleasing to central planners. It’s about free contraceptives for privileged students and welfare without work — the latest Obama entitlement-by-decree that would fatally undermine the great bipartisan welfare reform of 1996. It’s about endless government handouts that, ironically, are crowding out necessary spending on, yes, infrastructure.”

Professor Elizabeth Warren has never worked in the private sector.  She is my favorite definition of a politician, unemployed and unemployable.  What she fails to say is businesses pay the lion share of the taxes so everyone in this country can enjoy our roads and bridges, including Elizabeth Warren with her progressive anti-business rhetoric.

Enter career politician Hillary Clinton.  There is and there will be hundreds of thousands, if not millions of interviews, videos, news articles, and blogs, written about Clinton, but most assuredly the one she is going to have to walk back more often than most, is this video above about federally mandated minimum wage jobs, and about businesses and technology not being the engine of the US economy and jobs.

After all, The Race Against The Machines has already been lost.  There will be no minimum wage jobs in the future.  People who know how to use a caulk gun will be highly paid by those who do can’t pound a nail.

My prediction is that Hillary Clinton will be pounded back into the stone age by 2016. There will be a 3rd generation POTUS in 2016, like US Senator Marco Rubio, who knows how to use a smartphone. More on this when somebody is ready to listen.

You Didn't build taht

Schnitt Show “we built this business” You Didn’t Build That Business Obama Parody – Click on Image

2012 – You’re Dead To Me… Part Three – You Didn’t Build That!

The Real One Percenters - Small Business People

The Real One Percenters – Small Business People

Pants on Fire! Where’s Politifact When You Need Them?

The Tampa Bay Times Thursday July 26th, 2012 issue, posted this front page headlines…

“Tampa businesses criticize Obama at Romney event, but live off government work.”

EntrepreNever

If it takes you 25 years of sweat equity running a ‪small business to make it into the 1% don’t you think there should be a waiver from the Obama administration on his tax on everyone who makes $250,000 or more?

Entreprenever Barack_Obama

The Endangered Species, Entrepreneurs, a.k.a. Small Business Owners

President Obama is disingenuous when he says he is championing small business and the middle class.  Most small business owners are Sole Proprietors, Limited Liability Corps (LLCs) or Sub S Corps.  I own a Sub S Corp.  President Obama knows the challenges I face.  He is counting on you, the voter, to lump small business owners like me into his campaign to denigrate the high income earners in this country.Hug

The Regulatory Tidal Wave – Vote Early and Vote Smart

The current path for our country includes tax increases and a tidal wave of more than 4,100 new federal regulations with a calculated cost of a half-billion dollars. This is a reality looming in Washington that has not been pushed to the forefront of discussion as “pending” under the current administration. It is impractical to think that businesses large or small can continue to hire employees without some semblance of predictability on taxes and regulations.Capture

Small Businesses – Over Regulated? Thousands of Community Banks a.k.a Small Businesses May Disappear!

Many community banks and credit unions are small businesses too and are subject to the same laws and regulations facing big banks.  The Feds have closed down 10 of our FI customers, costing them their jobs and costing us hundreds of thousands of dollars in lost revenues.  Speaking to many of our contacts at these FIs, most closing could have been avoided.

According to several of these sources, the Feds come in at the end of business day, Friday and take over the bank.  One source, described it similar to be treated as a criminal as she was forced to stand outside her cubicle while they accessed her PC.  She was kept there until after midnight.

Recently, an expert on financial services stated “there will be no de novo (startups) financial institutions due to the steep financial requirement and regulations.”

regulations.gov

As the number of community banks and credit unions shrink we are forced to seek new markets.  An added burden to  already burdensome economic conditions.  While the Obama administration panders  to big business, big union and advocates big government, small businesses continue to bear the brunt of over regulation.

This is the official government “fair warning” website regulations.gov.  Be afraid!  Be very afraid!

 

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