Your Opinion: Taxes and the free market
Saturday, June 16, 2012
Most wealthy people start out as entrepreneurs who organized and managed a small business undertaking and assumed risk for the sake of a profit.
All businesses that produce a product or service have different risk factors (example, perishable foods verses canned food, hardware, verses electronics) and these risks are constantly changing. The amount of risk you have in the products or services that you produce determines the percent of profit you need to cover the risk (plus the cost of the capital investment, startup costs and facilities) that this business a successful adventure.
If you can produce a better product for less money than all of your competitors (the number one basic fundamental of a successful business protocol) and the profits from the business meets or exceeds your business expectations you could expand and grown that business into a Fortune 500 Company that will hire thousands and maybe even millions of new employees.
The market controls the prices. If the business makes too much profit, the market will force you to be more competitive because everybody will get into that same business and competition will level the playing field. A lot of good competition is healthy for economic expansions and it forces businesses to produce better products and create more jobs and will provide better services to all of their customers. This is the American capitalistic system at work.
Barack Obama thinks all successful businesses should pay more taxes. He doesn’t realize that these businesses do not pay any taxes, because all of the tax increases that are levied on these businesses are just added to the cost of the products they manufacture. The poor consumers like you and I end up paying all of the taxes.
Also, Barack Obama doesn’t have a clue that when he raises taxes on businesses, he is just forcing ll of these businesses and jobs to move overseas. He has never had any business experience. He has never had any business experience. He definitely is not qualified for the job of president and if he is re-elected to another four year term God Help This Nation.
With our present tax code raising taxes on the wealthy will bring in less revenue into the federal government treasury.
To be continued with the solution; Next Week, stay tuned.