Black Money Business Jobs : jobs cannot be created when elvated taxes!!

Discussion in 'Black Money Business Jobs' started by legit-writer, Sep 20, 2011.

  1. legit-writer

    legit-writer Well-Known Member MEMBER

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    This is the number one job killer in America. We need to stop raising taxes on businesses and we need to start cutting taxes. This is why obama will not be reelected. We can get a president with some economic and business sense. if somenone begs to differ let me know, because right now I'm disappointed in our president!!!
     
  2. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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    bush cut tax and killed regulations. the result was an economic collapse.
     
  3. Knowledge Seed

    Knowledge Seed Well-Known Member MEMBER

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    He spent us into a collapse and he removed one of the few regulations that should have remained: The Glass-Stegall Act
     
  4. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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    you had tax cuts and low regulation. man up.
     
  5. Black-king

    Black-king Well-Known Member MEMBER

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    I don't know if the author of this thread is serious or not? The tax cuts for big businesses and the rich has tanked the budget. At this rate how do you suggest the government to bring in some revenue?
     
  6. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    The killing of regulations pertained more to equity markets.

    I'm not so bummed out about cutting taxes and reducing regulation as I am with government bailing out banks.
     
  7. Knowledge Seed

    Knowledge Seed Well-Known Member MEMBER

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    High taxes and stiff regulation hurts low-to-moderate income who want to start businesses. When you advocate for high taxes and stiff regulation, you're advocating against Black business owners and potential entrepreneurs.

    For example, if you want to start a taxicab business in NY, it will costs you a few thousand dollars to get the car and all of the signage. No, problem, right? Wrong! The license [read: regulation] to drive that cab will costs you another $250,000.

    Its no wonder why less than 1% of NY taxicab owners are Black. But in Washington DC, where a cab license only cost $200, 70% of cab owners are Black.

    Keep in mind cab owners with a single car only make about $40,000 a year.

    So go ahead: Regulate and tax them to death. But when Black entrepreneurship decreases and Black unemployment increases, don't complain.
     
  8. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    The entry fee is so high in order to limit the number of participants in the field.

    It serves its purpose quite nicely, don't you think?

    $10 the regulation was put in at the behest of those taxi companies already formed prior to the regulation.

    Let's call it .... rent seeking behavior.....
     
  9. Knowledge Seed

    Knowledge Seed Well-Known Member MEMBER

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    Anything that limits competition is anti-competitive. Anti-competitive practices hurt consumers, which most of us are.
     
  10. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    But it is oh so good for monopolies :).

    Its good for somebody, not necessarily us :).
     
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