Thursday, September 6, 2012

DNC wants to have the President make "Corporate Profit" illegal.


So now the DNC wants to have the President make "Corporate Profit" illegal.
So lets put that in your employers perspective.  Company Abc makes a product that is needed by many other manufactures but not widely available.  Joe the CEO and owner of Abc, finally turned a profit since opening 10 years ago.  He employs 125 people and all make 25k and up and Joe has taken a 100k a year salary, enough to take care of his family while his wife works at the plant for free managing the books.  Although the profit was only a million dollars,  Joe needs to repair some of the equipment that is 10 years old and make upgrades to keep up with demand.  A normal company uses that profit to fix and upgrade the equipment but under the "Corporate Profit" Ban the DNC wants Joe would not give that money to upgrade or fix equipment or even give raises to his employees, he would give 28% to the IRS, $280,000.  The repairs would cost almost $1.1 million and he would have been able to finance the rest but now he no longer has the capital to do this.  The remainder would be split up under the suggested legislation to all non-management employees....what about Joe? The company?  No profit?  No need to stay in business.  Hello 125 unemployed people..welcome to the new world order.

I have seen several people who were self employed and doing great four plus years ago and now they are in the red, barely able to keep business open, or already closed.  You can blame Bush if you would like, but you are also probably not a business owner, an employer, but Bush isn't signing current legislation and things are not getting better, they are getting worse and they are not going to get better on this current track and please do not compare to Not-for-profit.  They get their money from corporate sponsors, tax payer dollars and fund raising (Top CEO NFP Pay: Partners HealthCare System-James Mongan, CEO $3,421,870 and Top Employee NFP pay: Yale University David Swensen, chief investment officer $4,389,727, that is correct Yale is a Non-For-Profit).  Enough said.