Posted on 07/16/2012 7:02:11 AM PDT by IbJensen
That sound you hear is silence—as millions of small business owners and entrepreneurs were left speechless this weekend from President Obama’s latest insult.
The slap in the face to hard-working Americans conveyed Obama’s belief that it takes a village—a heavily subsidized village—to create that venture you’re profiting from:
Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you’ve got a business—you didn’t build that. Somebody else made that happen.
Obama pushed his policy goals of infrastructure (aka stimulus) spending and “government research” as part of a collectivist utopia “doing things together.” It’s simply stunning that he would tell Americans, “If you’ve got a business—you didn’t build that.”
After all, could individuals be resourceful and hard-working enough to create whole new enterprises? Obama said:
Look, if you’ve been successful, you didn’t get there on your own. You didn’t get there on your own. I’m always struck by people who think, well, it must be because I was just so smart.
It is this view of successful businesses—essentially, “You owe us”—that drives Obama’s continued attacks on the country’s job creators in the form of tax hikes and regulations.
It’s a tough time to be a business owner and entrepreneur in America. Surveys show small business owners are struggling, and they are not expanding or hiring because of tax and regulatory uncertainty. Federal agencies, from Health and Human Services to the Environmental Protection Agency, are regulating them to death. And just last week, President Obama announced his latest economic plan was to hit job creators with a tax increase.
The President’s plan to raise taxes on earnings above $200,000 ($250,000 for joint filers) would hit 1.2 million small-business employers who pay their taxes through the individual income tax, known as flow-through businesses. These businesses that are creating jobs earn almost all—91 percent—of the income earned by flow-through employer-businesses.
The new tax increase could be equivalent to one employee per small business. According to calculations by The Heritage Foundation’s Center for Data Analysis, the average American with $250,000 or more in income can expect an average $24,888 tax increase next year under Obama’s proposed policies. That $24,888 figure is often enough for a salary. So the President could be putting about 1.2 million jobs—perhaps even more—at risk with this tax hike.
Hitting private job creators while advocating more stimulus spending and government jobs. That’s the President’s plan for the economy.
Meanwhile, businesses large and small suffer from the highest corporate tax rate in the developed world. This has long made the U.S. an uncompetitive place for new investment and has driven new jobs to other, more competitive nations, meaning fewer jobs and lower wages for all Americans.
If the U.S. is to see economic recovery, we must encourage entrepreneurship. Stopping the biggest tax increase in American history, Taxmageddon, would be a good place to start. It’s a $494 billion tax hike set to hit on January 1, when a number of tax policies expire and just a few of Obamacare’s new taxes kick in. Businesses are already hesitating on hiring decisions because of the impending effects of these taxes.
Democratic leaders are demanding tax hikes, however, and threatening to allow Taxmageddon for the sake of politics—despite warnings that it would send the U.S. back into recession.
Real recovery will take even more than saving job creators from punishing taxes and regulations. It requires leadership that appreciates and values the long hours that America’s business builders put in and the personal sacrifices they make for their dreams. It will take leaders who say, “If you’ve got a business—you built that. And we want more of that in America.”
Obama is an idiot communist. But then I repeat myself.
Re: Obama is an idiot communist. But then I repeat myself.
I would add that he is also a megalomaniac in the tradition of Hitler
Obama is an idiot communist. But then I repeat myself.
And a serial liar.
Where does the money come from?
Those same businesses and their employees.
There is no free lunch.
It’s not just 0bama, but most of the left believes this way.
There is no possibility of changing their minds, mostly because of their own egos.
“If that person could do it, that says that I could do it if I put forth the effort, and I’d rather not put forth the effort, but I don’t want to believe it’s my of own choosing that I’m not successful.”
There’s no way to educate them out of this. My old tagline was “you can’t use reason to disprove a belief that wasn’t arrived at through reason”.
These people can only be defeated.
My thoughts, exactly. Sorry but I can only repeat you. ;-)
You don't own anything because you didn't make it.
Jump down turn around, pick a bale of cotton.
Jump down turn around, pick a bale a day.
obama believes this stuff, he heard it all his life
he believes people who live well got that way by luck and exploitation, and it’s time to take them down
so why do Hollywood and liberal business entrepreneurs pour gazillions of their hard earned dollars into this intellectual black hole?
The roads, bridges, and infrastructure allows PRIVATE CITIZENS to create businesses, jobs, and income, WITHOUT INTERFERENCE FROM GUBMINT TO BUY THE PARASITES' AND SPECIAL INTERESTS' VOTES.
Obama is talking from his own experience.
There is nothing that cretin has done on his own.
He couldn’t dig a ditch without help.
He is a clueless, non-educated vapid dork.
Think how much farther this country could be without the anti American groups.
Obama does not care if he loses. He's going to stay in the WH anyways. His whole Presidency has been breaking new ground and setting precedence. If he abided by the law on Jan 20th 2013, it would be the first one this man followed since moving into the WH.
Obama's got a few more terms ahead of him. Perhaps decades. That's what he thinks. That's why he's careless about these things he's saying.
Watch the commercials and you'll see Romney called out for outsourcing jobs. The union thugs love to cry "foul" over outsourcing, when in fact their own counter-productive practices are directly responsible for a lot of it, IMO.
It's more to the tune of "If that person could do it, that says that I could do it if I put forth the effort, but why should I when I can tax them to death instead, and reap my reward without effort".
I don’t think even 0bama is deluded enough to think he can pull off such a coup attempt.
I think he’ll just go Rev 12:12 on us after he’s defeated.
Of course, he believes this $hit. He learned it at his daddy's knee.
I’ve made a point of teaching my kids about the worst form of covetousness -
that of not really wanting what someone else has,
but of simply wanting them NOT to have it.
They’d rather burn down someone else’s house than to steal it from them.
No Fooling!
Where do these commie pigs think the money for “roads and infrastructure” came from IN THE FIRST DAMN PLACE??
They taxed producers for it!
Oh I know, in their rabid barking moonbat minds they are probably thinking: “Well, we PRINTED it, so we MADE it.”
Trying to make sense of a commie pig’s thinking is like trying to reason with a drunk. It won’t work.
They really aren’t intelligent enough to know that their precious government PRODUCES NOTHING! (except rules, regulations and unpayable Taj Mahal pensions for their union thugs.)
Ignorant jug-eared communist moron: “You didn’t get there on your own.”
This is projection of biblical proportion, and further evidence that President Barack Hussein Mountain Dew Obama Comacho has absolutely NO IDEA how the capitalist system works or why it has been infinitely more successful than ANY other economic system.
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