This Is Why There Are No Jobs in America

I''d like to make you a business offer.

Seriously. This is a real offer. In fact, you really can''t turn me down, as
you''ll come to understand in a moment...

Here''s the deal. You''re going to start a business or expand the one you''ve
got now. It doesn''t really matter what you do or what you''re going to do.
I''ll partner with you no matter what business you''re in - as long as it''s
legal.

But I can''t give you any capital - you have to come up with that on your
own. I won''t give you any labor - that''s definitely up to you. What I will
do, however, is demand you follow all sorts of rules about what products and
services you can offer, how much (and how often) you pay your employees, and
where and when you''re allowed to operate your business. That''s my role in
the affair: to tell you what to do.

Now in return for my rules, I''m going to take roughly half of whatever you
make in the business each year. Half seems fair, doesn''t it? I think so. Of
course, that''s half of your profits.

You''re also going to have to pay me about 12% of whatever you decide to pay
your employees because you''ve got to cover my expenses for promulgating all
of the rules about who you can employ, when, where, and how. Come on, you''re
my partner. It''s only "fair."

Now... after you''ve put your hard-earned savings at risk to start this
business, and after you''ve worked hard at it for a few decades (paying me my
50% or a bit more along the way each year), you might decide you''d like to
cash out - to finally live the good life.

Whether or not this is "fair" - some people never can afford to retire - is
a different argument. As your partner, I''m happy for you to sell whenever
you''d like... because our agreement says, if you sell, you have to pay me an
additional 20% of whatever the capitalized value of the business is at that
time.

I know... I know... you put up all the original capital. You took all the
risks. You put in all of the labor. That''s all true. But I''ve done my part,
too. I''ve collected 50% of the profits each year. And I''ve always come up
with more rules for you to follow each year. Therefore, I deserve another,
final 20% slice of the business.

Oh... and one more thing...

Even after you''ve sold the business and paid all of my fees... I''d recommend
buying lots of life insurance. You see, even after you''ve been retired for
years, when you die, you''ll have to pay me 50% of whatever your estate is
worth.

After all, I''ve got lots of partners and not all of them are as successful
as you and your family. We don''t think it''s "fair" for your kids to have
such a big advantage. But if you buy enough life insurance, you can finance
this expense for your children.

All in all, if you''re a very successful entrepreneur... if you''re one of the
rare, lucky, and hard-working people who can create a new company, employ
lots of people, and satisfy the public... you''ll end up paying me more than
75% of your income over your life. Thanks so much.

I''m sure you''ll think my offer is reasonable and happily partner with me...
but it doesn''t really matter how you feel about it because if you ever try
to stiff me - or cheat me on any of my fees or rules - I''ll break down your
door in the middle of the night, threaten you and your family with heavy,
automatic weapons, and throw you in jail.

That''s how civil society is supposed to work, right? This is America, isn''t
it?

That''s the offer America gives its entrepreneurs. And the idiots inWashington wonder why there are no new jobs...

 By Porter Stansberry

Saturday, August 21, 2010