Well the election is almost here. As a small business owner I have been trying to keep up on the issues the best I can. It is hard. So much goes on behind the scenes that we, the public, never get to know. The political machines have their front men, McCain & Obama. I guess 1984 is finally here. We are controlled to vote by television for the most part. Very few people actually know anything about how this election will affect our personal lives. Most people don't really care about our country, only them selves. Our society has morphed into a greed fest. The natural balance of nature is bound to play out the imbalance in one way or another. I believe, as many people do, we are heading for an economic crash. The greed won't go away but a good ass kicking is coming. I for one think it is probably a good thing. Talk about income redistribution. A collapse will put us on more of an equal playing field until the process begins all over again. I for one should fare well. I don't have any money in the stock market. My properties will go down in value but I don't care. I use them, they are not part of a rental portfolio. I guess the influence of my parenting family, Aunts & Uncles and Mother & Father, who were children during the depression had some affect. I have been paying off my house for years. I have paid cash as much as possible for the things I have needed. There were times that I felt a little left behind as many people invested and rode the wave of prosperity to highs I have never reached for. I work with my hands and enjoy what I do for a living. I look forward to going to work every day. That has a value most people never obtain.
Back to the election. If television has the power I think it does Obama will be elected in November. As a small business owner I make more than $1,000,000 a year gross. That puts me into the tax plan by Obama. The problem is the reality is my net income is earned from my paycheck for the work I do in my business. The rest of the business funds are spread out over payrolls and direct business expenses. I have crunched my business numbers every way I can. With the Obama tax plan I will have to lay off two of my employees to lower my business volume so I will be able to make my increased tax payments to our new welfare state. I have been paying full insurance for all my employees and their families. Since I am not greedy I take very good care of my people. Thanks to our new socialism transition I will be forced to turn those responsibilities over to the state. I grew up believing that if you worked hard and played by the rules you could do something good for your life and others. A thought a job is the best form of assistance for people that need things for their families. The belief that the hardest working people should give to the lazy people doesn't settle well with me. On top of that I am going to be forced to put 2 of my 6 workers on the welfare roles to be able to pay the government for more of their mismanaged programs. Think about it, Obama's campaign is saying they will give low income people $1,000 for a year. I give my families $1,000 every month in the form of medical insurance. When Bill Clinton was President I didn't understand what these issues meant to me. I got an education. Boy did I get an education. I didn't take defensive precautions. I ended up in bankruptcy after some years due to tax liens. I didn't run my business strictly by the numbers only then. I tried to outwork the Clinton tax burden because I didn't want to put people out of work. It took me ten years to overcome that lack of political education. I now have that education. I know I can not out work a bad fiscal policy. I have no choice but to cut my work force to a point that reduces my income to a point that will allow me to reduce my tax liability. I have no choice. I learned from my last go around with Clinton. I need to work and keep going this time. I can not afford to let my emotions dictate my business decisions. I will never figure out how politicians lose sight of the fact we can not pay more taxes. Most people just barely get by as working class Americans. 90% of small business owners are not in any better condition than their employees. We are working class Americans that take on the responsibilities it takes to create jobs is all. This all makes me so sad. The ignorance of the basic workings of the smallest of businesses like mine is amazing. I am not rich, I just pay more bills than most people. Rich is net income or retained earnings. Some businesses have vast retained earnings. Bill Gates is an example of a small business with retained earnings that continued to grow. 90% of small businesses never grow beyond a modest profit if they are lucky.
I can't do anything about world politics. I can vote and I will. The reality of the situation is most of us can only make their neighborhoods better not the country. I live in a small town. We try to help where we can. We will have to all pitch in to try and maintain some sense of normal life. The damage to the banking system is done. The only way out from here will be hard work. You can blame the Republicans or the Democrats, their really isn't any good politicians. The situation is way beyond recovery at this point. I understand bankruptcy, I went through one many years ago. There is a point where you cross the point of no return. It is usually years before you are actually forced to stop your ridiculous behavior. Our nation started down that path when they took our currency off the gold standard. We slipped past the point of no return many years ago. As an example our nation has been living on credit cards to pay off credit cards for generations. It is now time to pay the bill and the reality of the debt stands at over 50 trillion. Every other generation has to relearn the lessons of our for fathers. "If you can't pay cash you can't afford it". "If you get in debt it will ruin your life". I didn't learn the lesson soon enough but I get it now. I guess we will just have to ride together as our nation learns this lesson on a massive scale. It is called a depression. That is how you feel when your go broke..... depressed. I am not depressed because I understand what is happening and I think I will get by better than many people, not as good as some. My collision repair shop will be in demand as new cars are harder to come by. I named my blog crash course. I guess with the economy doing flip flops it has a dual meaning when own a collision shop. I was going to express my opinions about the collision industry and what he insurance doing to rip off the general public through their claims policies but the banking collapse and the election has become more important. Vote to lower taxes and government control over the workers of America. Vote for someone that will expose the corruption. Vote to make people work for their money unless they are disabled or elderly. Don't let a con man buy your vote for only $1000 stimulus check. How long will that help you compared to a steady pay check and self dignity. Teach you kids that you work for what you get as a building block to their life's goals.
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