February 5, 2015 Leave a comment
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…
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Small Business Owner