Why taxing the rich and obamas plan won't work

[mogulgangi]

Welcome to a new state of economics people..let me tell you whats going to happen

every small business owners either has a product or a service..every business owner must find their supplies either from a wholesaler or big time company that sell sit cheaper..these companies where product is developed is usually a big company that has the money and the resources for big and large distribution with big expensive machines to sell whole sale..these companies, due to their abilities and nature, are very successful..liberalls call them  "the rich"...what obamas plan is going to do is tax these people at all angles and increase regulation...this will create a harder pre tax margin...all large business rate their success based on pre tax margins..when Obama'/ plan takes into effect..since he is taxing corporations higher and the salaries of the wealthy..add payroll tax..now these corporations will have to adjust their pre tax margins..doing this will make their product rise in price since there is a higher need in profit..the business owner instead of buying at a cheaper rate, now has to pay more ..thus cutting his profit when selling to consumer..thus potentially cutting millions of dollars..business fight for every cent..one less or one more can make or break the longevity and profit margins of the company..

To simply this to liberals...joe the business owner will now have to pay a higher whole sale price for his product due to new laws and regulation that tax the "rich millionaire" more..they had to raise price because of less pre tax margin..well since joe got it more expensive..he lost profit due to market not buying his product more expensive ..

[War-Horse]

Okay so you went the long way around it.  What you mean is....(You think the added cost will be passed on to the consumer)

1- Your right IF it works out this way. I owned a business for 20 yrs. Heres what happened to me when a manufacturer raised a price. I tried to pass it on. If it affected sales then I absorbed it and accepted it out of profits for the benefit of my employees....if it was a large loss then I found a way to write if off in taxes.

I as the owner had a multitude of ways to cover expenses wheras my employees didnt.

2- Dont worry about the corporations.....they have a million ways to screw you.

[Agnostic007]

and he is going to take your guns away.. don't forget that 

[The True Adonis]

and he is going to take your guns away.. don't forget that 

And he is going to ban recreational fishing, gardening and make your grandmother visit the Death Panel.

[mogulgangi]

Okay so you went the long way around it.  What you mean is....(You think the added cost will be passed on to the consumer)

1- Your right IF it works out this way. I owned a business for 20 yrs. Heres what happened to me when a manufacturer raised a price. I tried to pass it on. If it affected sales then I absorbed it and accepted it out of profits for the benefit of my employees....if it was a large loss then I found a way to write if off in taxes.

I as the owner had a multitude of ways to cover expenses wheras my employees didnt.

2- Dont worry about the corporations.....they have a million ways to screw you.

Ok let's just pretend not everyone was as successful as you..you know, there a joe out there with a business that ends up not paying himself anything because he has to make payroll...due to what Obama is implementing, now he's going to have to fire sme people or cut costs somehow..country is screwed..

[mogulgangi]

And he is going to ban recreational fishing, gardening and make your grandmother visit the Death Panel.

Mitt romney was a disciplined master at turning company loses into profits at all costs...a guy from the most hardcore industry, private equity, self made and very successful..people in business look up to men like him..companies currently that we use everyday today are from a direct result of mitt romney....it's sad that we wont be able to see what he was going to do to our country..

Good jobs libs

[Agnostic007]

Mitt romney was a disciplined master at turning company loses into profits at all costs...a guy from the most hardcore industry, private equity, self made and very successful..people in business look up to men like him..companies currently that we use everyday today are from a direct result of mitt romney....it's sad that we wont be able to see what he was going to do to our country..

Good jobs libs

A little melodramatic don't ya think?

[War-Horse]

Mitt romney was a disciplined master at turning company loses into profits at all costs...a guy from the most hardcore industry, private equity, self made and very successful..people in business look up to men like him..companies currently that we use everyday today are from a direct result of mitt romney....it's sad that we wont be able to see what he was going to do to our country..

Good jobs libs

My freind. Mitt was a dis-mantler  of companies. He could care less if they fail or succeed. He invested 5% to show interest for other investors. Then they borrowed all equity and loaded it with debt (All the while under the muse of saving it for the time it took to kill it) After raking in millions for fees they then pushed it off to taxpayers to absorb thru bancruptcy......Nice job Mitt!!

[War-Horse]

Ok let's just pretend not everyone was as successful as you..you know, there a joe out there with a business that ends up not paying himself anything because he has to make payroll...due to what Obama is implementing, now he's going to have to fire sme people or cut costs somehow..country is screwed..

Payroll and employee benefits (i.e healthcare) are tax deductible to the company. The company no matter how small gets to lower it tax based earnings because of these expenses......so its an offset.
Are you a fox news guy or something? You seem to have only half the story.

[mogulgangi]

Payroll and employee benefits (i.e healthcare) are tax deductible to the company. The company no matter how small gets to lower it tax based earnings because of these expenses......so its an offset.
Are you a fox news guy or something? You seem to have only half the story.

You must not own a business..typical lib.i hope you know that you are speaking to someone n the private equity field..I meet and see the gains and struggles of successful business owners and ones that are hurting..now to speak on taxes..that great it's a tax incentive..taxes are due once a year..what about the 364 other days..every day struggles of running a business..

[mogulgangi]

My freind. Mitt was a dis-mantler  of companies. He could care less if they fail or succeed. He invested 5% to show interest for other investors. Then they borrowed all equity and loaded it with debt (All the while under the muse of saving it for the time it took to kill it) After raking in millions for fees they then pushed it off to taxpayers to absorb thru bancruptcy......Nice job Mitt!!

Look buddy Im way out of your league..I'm not your typical idiot out there..I have a masters in finance and I work for a major financial company at the highest level..Lbo's are an incredible arm of the private equity field...millions of dollars can be made..it's an area in alternative investments and is only meant for wealthy investors..pension funds invest in Lbo's to help people retire...

Now about romney..he was in venture capital..completely different field..venture capital has the highest degree of risk in all areas of investing..top level venture capital like romney was in and owned a business in, is the highest level of finance mixed with the hardest ability to raise funds..the highest level of salesmanship and business savy ness is needed..guys at romney's level are the brightest business guys mixed in with harvard mba's  or other Ivy League schools..

Burger King, dominos pizza, amc theathers, brookstone , sport authority, staples, Burlington coat factory, and hundreds of others more..nothing like that

[War-Horse]

You must not own a business..typical lib.i hope you know that you are speaking to someone n the private equity field..I meet and see the gains and struggles of successful business owners and ones that are hurting..now to speak on taxes..that great it's a tax incentive..taxes are due once a year..what about the 364 other days..every day struggles of running a business..

You must not own a business. Taxes are due quarterly. And the strong survive and the weak die.  Your not into free market or capitialism I take it?

[War-Horse]

Interesting change from the start of the thread.  Google has been good to you.   Yes equity firms have their role in business....but bains record.....not so good.

Congrats on your masters finance degree...lmao.  The internet is a magical place.

[mogulgangi]

You must not own a business. Taxes are due quarterly. And the strong survive and the weak die.  Your not into free market or capitialism I take it?

Businesses that are currently struggling because of low profit margins can surely take your advice..lets see what happens to them once the mayhem reaps upon them..both in taxes and Obama care..how about the ones planning for expansions..surely going to hold that down..

[tonymctones]

Okay so you went the long way around it.  What you mean is....(You think the added cost will be passed on to the consumer)

1- Your right IF it works out this way. I owned a business for 20 yrs. Heres what happened to me when a manufacturer raised a price. I tried to pass it on. If it affected sales then I absorbed it and accepted it out of profits for the benefit of my employees....if it was a large loss then I found a way to write if off in taxes.

I as the owner had a multitude of ways to cover expenses wheras my employees didnt.

2- Dont worry about the corporations.....they have a million ways to screw you.

in your instance you were the only one or a one of a group that had its costs raised. So the customers had a choice of continuing to patron your company or go elsewhere not effected by your suppliers price hike. Thats why you had to find other ways to eat the cost.

In taxes EVERYONE gets hit, if EVERYONE passes it on or the vast majority do which they are certain to do the customer has no choice. Even if they go to a competitor there are still paying for the extra cost b/c EVERYONE passed it on...

Now take what we have just learned and apply it to obamacare...

[War-Horse]

in your instance you were the only one or a one of a group that had its costs raised. So the customers had a choice of continuing to patron your company or go elsewhere not effected by your suppliers price hike. Thats why you had to find other ways to eat the cost.

In taxes EVERYONE gets hit, if EVERYONE passes it on or the vast majority do which they are certain to do the customer has no choice. Even if they go to a competitor there are still paying for the extra cost b/c EVERYONE passed it on...

Now take what we have just learned and apply it to obamacare...

Okay. Obamacare. Why arent you happy that people now will take personal resposibility by purchasing a policy??   You hated when people sucked off the system and left taxpayers with the bill right? You cant have it both ways. estimated 30 million will be giving revenue to insurance companies...and thats bad???      Yes some will be in poverty and get help or free but they are the small number that use our money. Mostly seniors, handi-capped etc.

[The True Adonis]

Okay. Obamacare. Why arent you happy that people now will take personal resposibility by purchasing a policy??   You hated when people sucked off the system and left taxpayers with the bill right? You cant have it both ways. estimated 30 million will be giving revenue to insurance companies...and thats bad???      Yes some will be in poverty and get help or free but they are the small number that use our money. Mostly seniors, handi-capped etc.

I`m unhappy because its not single-payer nor does it contain a public option yet.  I think in time these will come, but I am really mad that its Bob Dole`s Republican plan and not true Single Payer Universal Health Care.

[tonymctones]

Okay. Obamacare. Why arent you happy that people now will take personal resposibility by purchasing a policy??   You hated when people sucked off the system and left taxpayers with the bill right? You cant have it both ways. estimated 30 million will be giving revenue to insurance companies...and thats bad???      Yes some will be in poverty and get help or free but they are the small number that use our money. Mostly seniors, handi-capped etc.

for some one who owned a business you sure have horrible understanding of it. So if we require insurance companies to overall take on more risk which is what we are doing. What will that do to the price of insurance?

you think we arent going to pay for this but truth is we will still pay for it but in another way.

by the way the CBO has said that even once the full bill is instated 30 million americans will still be without insurance.

I hated it and said that they should be made to pay for their shit, you know that whole PERSONAL RESPONSIBILITY TYPE THINGY....

I never said they should have their shit paid for by others, which by the way is what will happen under obamacare to millions.

you didnt address my point on obamacare and the cost of business and its effects on the end consumer....

[War-Horse]

I`m unhappy because its not single-payer nor does it contain a public option yet.  I think in time these will come, but I am really mad that its Bob Dole`s Republican plan and not true Single Payer Universal Health Care.

We have to take baby steps TA.  These guys will freak...

[tonymctones]

I`m unhappy because its not single-payer nor does it contain a public option yet.  I think in time these will come, but I am really mad that its Bob Dole`s Republican plan and not true Single Payer Universal Health Care.

No worries adonis this is just a step in that direction, I said from the beginning that obama passed a shitty bill that he could get passed knowing that further down the line it will need to be fixed and when it does...Single payer will be pushed

[War-Horse]

for some one who owned a business you sure have horrible understanding of it. So if we require insurance companies to overall take on more risk which is what we are doing. What will that do to the price of insurance?

you think we arent going to pay for this but truth is we will still pay for it but in another way.

by the way the CBO has said that even once the full bill is instated 30 million americans will still be without insurance.

I hated it and said that they should be made to pay for their shit, you know that whole PERSONAL RESPONSIBILITY TYPE THINGY....

I never said they should have their shit paid for by others, which by the way is what will happen under obamacare to millions.

you didnt address my point on obamacare and the cost of business and its effects on the end consumer....

Wow. your all over the place.  I didnt say we dont have to pay for it....I said we get deductions as business for it.......good gawd.
Your 30 million number is way off...that what would be added as revenue....good gawd again.
And how can someone in poverty pay for it dummy....pull it outta their ass??  Be somewhat intelligent please.
Its late. im out.

[tonymctones]

Wow. your all over the place.  I didnt say we dont have to pay for it....I said we get deductions as business for it.......good gawd.
Your 30 million number is way off...that what would be added as revenue....good gawd again.
And how can someone in poverty pay for it dummy....pull it outta their ass??  Be somewhat intelligent please.
Its late. im out.

WTF are you talking about?

so you admit that obamacare will raise costs for business which will be passed on to the consumer?

The 30 million came from the CBO, you know that group that obama touted to get the bill passed?

how are 30 million still being uninsured going to be counted as revenue? LMFAO what kind of business did you own?

so you admit that we will still be paying for those ppl who didnt have insurance in the first place?

[The True Adonis]

No worries adonis this is just a step in that direction, I said from the beginning that obama passed a shitty bill that he could get passed knowing that further down the line it will need to be fixed and when it does...Single payer will be pushed

I absolutely hope so.  Its going to happen, it has to.  Its the only cost-effective and sustainable system.  It also puts the emphasis on improving care.  Plus its morally right that we do so.  Making profit off of human suffering is sickening to me.

[War-Horse]

for some one who owned a business you sure have horrible understanding of it.

• So if we require insurance companies to overall take on more risk which is what we are doing. What will that do to the price of insurance?

I just saw this part.....why do you have half the facts? The actuaries do these numbers. The risk pool is decreased by the revenue created...its built in tony. If anything prices will drop because of competitiveness.


you think we arent going to pay for this but truth is we will still pay for it but in another way.

by the way the CBO has said that even once the full bill is instated 30 million americans will still be without insurance.

I hated it and said that they should be made to pay for their shit, you know that whole PERSONAL RESPONSIBILITY TYPE THINGY....

I never said they should have their shit paid for by others, which by the way is what will happen under obamacare to millions.

you didnt address my point on obamacare and the cost of business and its effects on the end consumer....

[tonymctones]

its possible I agree with you, is it going to happen....LOL no....by the way the risk pool is increased and the risk maybe diffused through the increase in healthy individuals...MAYBE...

This depends on the overall health of those that come on to the insurance rolls. You know all those sick ppl the bleeding hearts told us about that couldnt get insurance. You think its going to be cheaper with all them on insurance?