Obama Says Your Success Isn't Yours, It's Other People's

Plus Obama says he's "made a trillion dollars worth of cuts"... in addition to saying if you're successful, it because of other people's doing. This man\child has gone beyond delusional.

"There are a lot of wealthy, successful Americans who agree with me — because they want to give something back.  They know they didn’t — look, if you’ve been successful, you didn’t get there on your own.  You didn’t get there on your own.  I’m always struck by people who think, well, it must be because I was just so smart.  There are a lot of smart people out there.  It must be because I worked harder than everybody else.  Let me tell you something — there are a whole bunch of hardworking people out there."

and

"If you were successful, somebody along the line gave you some help.  There was a great teacher somewhere in your life.  Somebody helped to create this unbelievable American system that we have that allowed you to thrive.  Somebody invested in roads and bridges.  If you’ve got a business — you didn’t build that.  Somebody else made that happen.  The Internet didn’t get invented on its own.  Government research created the Internet so that all the companies could make money off the Internet." [emphasis mine]

Just a reminder, the biggest boost to the economy during the Clinton years is he signed off on Welfare Reform, employment went up, with more people working, revenues to the government went up. Not because taxes went up on the wealthiest. 

Lots of Dems believe and say the money you earn is the government's, and the government decides what you can keep. That's turning out to be true with ObamaTax, aka ObamaCare and $billions in new regulations on businesses. Only a man\child with no accomplishments of his own would believe such a thing, let alone say it. This is the result of being pampered and coddled and telling him he's wonderful all his life, then promoted by some obviously rich Marxists that pay paved his road to the White House. 

From high school student, to college student, to Ivy League college student, to post grad Ivy League, to "community organizer" (how much does that pay?), to State senator, to US Senator, to president. No effort, no set backs, in investments, no papers, no tax returns, no nothing. Yet, he has the temerity to tell those the sacrificed, invested time and money that their success is the results of others. Added to that call his opponent a felon for not releasing all of his tax returns and details of all his business dealings. I'm too disgusted by this pampered lying lazy crybaby. 

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

Obamacare Will Save Money

The Statists are in a hurry to confiscate the wealth of small businessmen, adding $540 billion to pay for their health-care reform proposal. House Majority Leader Steny Hoyer (D-Md.) said he couldn't think of any small business owners who make enough money to qualify for the higher taxes. “I don’t know many small business men or women who are making, themselves $280,000 [per year], so I’m not sure that very many small businesses are going to be affected by this.” Say what? “This is a surcharge on people making over $280,000 as an individual, $350,000 [per year] as a couple and it’s graduated, it goes up as you reach $1 million in income.” Someone send this knucklehead a copy of "The Millionaire Next Door".

This is to pay for Obamacare, which, by the way, is supposed to be 'revenue neutral', save the country from bankruptcy, and reduce your individual healthcare costs.

Rep. Phil Gingrey (R-Ga.), (and also a doctor): “Many of these small businesses file [taxes] as subchapter-S or ‘sole proprietors’.” “They’re paying at the same individual tax rate which, once President Obama lets the Bush tax cuts expire in 2011 and they add on this surcharge, you’re talking about a marginal rate of up to 42 percent or higher.” “That’s going to hit right on the backs of many of the small businessmen and women in this country who create most of the jobs,” said Gingrey. “To put this [tax increase] on the back of that is absolutely unconscionable.”

Internal Revenue Service data from 2006 – the most recent year available – nearly 68 percent of small business profits ($470 billion) were reported by people making over $200,000 a year, meaning that the majority of small business profits would be subject to the Democrats’ tax increases.

Guess we have to burn down the village to save it.