More welfare for billionaires

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  • dusty88

    Master
    Local Business Supporter
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    2   0   0
    Aug 11, 2014
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    Sanders is appealing to people because he is, in my opinion, correct about the problems he identifies.

    He is wrong about the solutions, as he pretends that legislation will fix them, rather than identifying that legislation has caused them.

    I'm not really scared of a socialist anymore, though. We are spending and regulating ourselves into economic oblivion anyway. The sooner the government can't meet its obligations, the sooner we have to face reality. It doesn't matter much to me if it's next year or in 30 years. In fact, perhaps if it's sooner, we'll still have a few people left who know how to take care of themselves so "meh".

    I am getting weary of recognizing that tax and regulatory laws are there to benefit large corporations.

    I employ only 4 people. But small business owners in total employ more than large corporations do, yet we bear a relatively larger burden of regulatory law and don't get the tax favors. I just received a notice that because I am 8 years into sponsorship of a 401K plan, I must have a full legal review. This is in addition to the monthly deposits, the W2 reporting, and annual compliance testing. This legal review is expected to cost $800-$2K. A few hundred here, a few thousand there, and pretty soon you are talking about real money. I'm considering just ending the plan instead. It's unfortunate, because it's been a way to give tax-deferred profit sharing to the employees as well as matching.

    In my 9 years in business, I have found regulations and fees increasing from every entity: city, state, and federal. Running my own business would be a pleasurable challenge without the government regulations.
     

    steveh_131

    Grandmaster
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    0   0   0
    Mar 3, 2009
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    dusty88 said:
    Sanders is appealing to people because he is, in my opinion, correct about the problems he identifies.

    He is wrong about the solutions, as he pretends that legislation will fix them, rather than identifying that legislation has caused them.

    I agree. And the republicans make themselves easy targets with this sort of nonsense. Shoot, the Democrats didn't do much at all to slow down the corporate welfare either. It's all disgusting.

    I've never run a small business but I can't imagine the difficulties you'd face. It's a shame that while you're getting railed in the rear so hard that you have to shut down your employees 401k, these guys get a free lunch. It's ridiculous.
     
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    Jan 28, 2009
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    Well guys, you know they have to have a state of the art facility to learn how to play with a ball and get paid millions of dollars to play games . I guess it keeps them off the streets.
     

    Leadeye

    Grandmaster
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    4   0   0
    Jan 19, 2009
    36,696
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    .
    Pay to play government at it's finest. Pony up some cash to the right people and you get an unbelievable ROI. It's how things work.
     

    BehindBlueI's

    Grandmaster
    Rating - 100%
    29   0   0
    Oct 3, 2012
    25,890
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    Sanders is appealing to people because he is, in my opinion, correct about the problems he identifies.

    He is wrong about the solutions, as he pretends that legislation will fix them, rather than identifying that legislation has caused them.

    I'm not really scared of a socialist anymore, though. We are spending and regulating ourselves into economic oblivion anyway. The sooner the government can't meet its obligations, the sooner we have to face reality. It doesn't matter much to me if it's next year or in 30 years. In fact, perhaps if it's sooner, we'll still have a few people left who know how to take care of themselves so "meh".

    I am getting weary of recognizing that tax and regulatory laws are there to benefit large corporations.

    I employ only 4 people. But small business owners in total employ more than large corporations do, yet we bear a relatively larger burden of regulatory law and don't get the tax favors. I just received a notice that because I am 8 years into sponsorship of a 401K plan, I must have a full legal review. This is in addition to the monthly deposits, the W2 reporting, and annual compliance testing. This legal review is expected to cost $800-$2K. A few hundred here, a few thousand there, and pretty soon you are talking about real money. I'm considering just ending the plan instead. It's unfortunate, because it's been a way to give tax-deferred profit sharing to the employees as well as matching.

    In my 9 years in business, I have found regulations and fees increasing from every entity: city, state, and federal. Running my own business would be a pleasurable challenge without the government regulations.

    I learned on INGO that if you want to be in the 1% you just need to work harder. Obviously you aren't working as hard as the owner of the Pacers. Perhaps you could get a study done on the tax benefits if your business was given free land?
     

    MCgrease08

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    37   0   0
    Mar 14, 2013
    14,374
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    Earth
    It was announced today the new facility will be called the St. Vincent Center.

    I'm not sure how much they'll pay annually for naming rights, but you can guarantee every cent of that money goes to the team and the Simon's, not the city.
     

    MCgrease08

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    37   0   0
    Mar 14, 2013
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    I also love how the Pacers will lease the land for $1 per year for 40 years.

    Some stooge from the CIB told the media that's a sign the Pacers plan to stick around long term. Because there's no way the team could afford to pay off the balance of a $40 lease.

    I promise you, before that 40 years is up the Pacers will say the Field house is outdated and threaten to leave the city if they don't get a new building.
     

    steveh_131

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    Mar 3, 2009
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    BehindBlueI's said:
    I learned on INGO that if you want to be in the 1% you just need to work harder. Obviously you aren't working as hard as the owner of the Pacers. Perhaps you could get a study done on the tax benefits if your business was given free land?

    I hope you didn't learn that from me. I've never downplayed the outrageous crony capitalism taking place in the U.S.

    I just disagree that socialism or wealth redistribution is the solution. The solution is to stop the crony capitalism.

    jbombelli said:
    I would like to repeat this question because it truly is not irrelevant...

    It would be more relevant if any of this had been made known before the deal was struck.
     

    BehindBlueI's

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    29   0   0
    Oct 3, 2012
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    I would like to repeat this question because it truly is not irrelevant...

    If they paid fair market value for use of the land, would tax revenues be different somehow?

    Was a study done of tax revenue if it was used as an incubator for small businesses?

    Billionaire wanted it, billionaire got it. You and I pay for it. Wealth redistribution, I think its called.
     

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