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Why do Libs hate successful business, and capitalsim?

Discussion in 'U.S. Politics' started by tarheelconservative, Mar 24, 2009.

  1. tarheelconservative

    tarheelconservative New Member

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    I'm just curious why liberals hate when a business becomes successful, and capitalism? I read everyday for the last 60 days, and I am constantly seeing the different ways the Obama adm. is stacking the deck against business of all kinds. I'm just a dumb, evil small business owner, but I don't understand the reasoning for the expansion of power that Timothy Geithner is requesting? I don't understand how a retro-active tax in the 90th percentile is constitutional? So what I need is for a more superior, more intelligent, and more in touch Lib to please explain how this: 1. Helps the economy. 2. Helps small business. (I know Biden said they would build a bridge for me, so besides that.:D) 3. Helps the middle class.

    If I could just get some clarity on this issue I would greatly appreciate it.
     
  2. Pandora

    Pandora Well-Known Member

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    Because they want what they cant have, what they do not know how to obtain themselves, and when they cant have it they don’t want you to have it either.

    I listen to people talk about these bonus's and they always say the same thing, I did not make that much, I don’t have that much, why should they get it.

    Instead of being happy that someone has made it proving you can make it too....they would rather see no one advances higher than them.

    Something to the effect of better to burn your candle out so mine shines brighter. I personally think everyone around me being no better off than me sounds depressing, the more success I see the more hope I have that I too with hard work and smart choices can do the same.
     
  3. Butercupp

    Butercupp New Member

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    The House voted 328-93, receiving the two-thirds majority required to pass despite vocal opposition by Republicans and some Democrats.

    http://clerk.house.gov/evs/2009/roll143.xml

    85 (2 short of half) of the Republicans voted yes on the bill: To impose an additional tax on bonuses received from certain TARP recipients.

    So, I think it is unfair to deny the fact that Republicans played a roll in passing this bill.

    Also, as a liberal, I disagree with this bill completely. This bill does not affect small businesses, it affects large, failing, business (AIG). And, that is a key word; “failing” in your post you state liberals have it out for successful businesses. However, the bill you mention is affecting a large failing business.

    I am a strong supporter of local businesses. I do not shop at large box stores. I think it is imperative that people support local business. I do not see Obama affecting them negatively.

    I think big corps takes the quality of life away from smaller towns. A woman was trying to argue that Walmart served a greater purpose and a good to the community by having low prices and employing the unintelligent. I disagree; they pay their employees just enough to force them to shop at Walmart. They do not supply healthcare to the 90% part-time workers, and the run small businesses out. The point of America is to have a dream. If the only job you can get is at Walmart then you are not going to achieve the American dream.

    Give me an example of a bill that affects small businesses, please.
     
  4. tarheelconservative

    tarheelconservative New Member

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    If you notice I said the first 60 days. I wasn't just making reference to one particular bill, nor was I making reference to only small business. My question is, why does the Obama administration want to punish success? I don't care if it's small or large business if you are successful your a target. I just did my quarterly taxes recently, and my accountant informed me of several new ways I am going to be hurt by the Obama administration. So don't tell me about how small business isn't hurt by Obama.

    I'm also curious what is your idea of the American dream?
     
  5. pocketfullofshells

    pocketfullofshells Well-Known Member

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    why do you ask dumb questions?
     
  6. Butercupp

    Butercupp New Member

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    If Obama makes any changes to your taxes, it will affect your 2009 tax forms, NOT your 2008. I think your accountant is mistaken.
     
  7. tarheelconservative

    tarheelconservative New Member

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    As a small business I pay quarterly. (4 times a year)

    It's not the same as just going down to the H&R Block to get your taxes done. There is also no hope in not paying or getting a refund of any kind. That magic $250,000 mark of Obama's is a joke. It's $250,000 in earnings. I surpass that because of my type of business, but when I factor in salaries, insurance, rent, equipment, and the inventory that I have to keep......What I end up with is well, well under $250,000, but guess who's taxes are going up. So don't tell me we're not bothered by the Obama Adm.

    Again, I ask whats your idea of the American dream?
     
  8. Butercupp

    Butercupp New Member

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    I think you need a new accountant. That $250,000 applies to YOUR earnings, not what your company makes before expenses. I am almost thinking you don't even have an accountant.

    The American Dream is being able to build your own business and not work for a company. To make your own wealth. If you have a monopoly company in your town, the likelihood of being able to start up a business is taken from you.
     
  9. Bunz

    Bunz New Member

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    I dont see anywhere they are targeting successful business. What the hoopla is about, concerns the circumstances where banks have spread themselves to thin, and became on the verge of themselves going under. Which is something that nobody wants to happen for a number of reasons. If you are concerned about bailouts now, we would be in a much worse situation is if these banks actually were allowed to go under.
    People lose thier homes, thier jobs, and savings, to an even larger extent that has already happened.

    Then of course it will signifigantly hurt all small businesses that rely on banks for any types of loans, and with the rest of the economy hurting, people spend less money.

    So, to address the original post, I think you misrepresent those on the left as saying they hate success, and blah blah blah. This simply isnt true.

    What bugs me personally is that the wealthiest power brokers/corporations in the country have put themselves in a situation through thier own doing, by lining the pockets of Congress, and ensuring thier own bottom line at any expense and that ultimately those underneath matter very little.
     
  10. Bunz

    Bunz New Member

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    I myself being a small business owner, with considerable overhead costs know, as should any small business owner that any business expense is simply a write off. Tarheel is probably misrepresenting the actuality of the situation.
     
  11. tarheelconservative

    tarheelconservative New Member

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    I am completely aware of how the tax system works, but I've seen a hike in every tax that I pay on the state and federal level. (fed tax = 39%) In fact some deductions that one would think would be normal, and should be no problem are actually problems. The reason for this is Sect. 162 of the tax code. This states that a business expense must be "ordinary and necessary." Unfortunately, the tax code doesn't define either ordinary or necessary. There are some pretty ridiculous items that are not allowed to be deducted. Not to mention that audits are up more than 41% on Small business, and audits of large corporations are at a 20 year low.(http://www.nsba.biz/) The reason being they have the financial resources to fight the IRS, and small business people like myself do not. However, I have been audited 7 times since 2006.

    One final thing about your snide comment about my expenses:

    Maximum Section 179 Expense Deduction for 2009 is $133,000. Which is $117,000 lower than 2008.
    (http://www.smbiz.com/sbrl001.html#ci)

    This max deduction is phased out at $533,000. Which is $267,000 less than the phaseout in 2008.

    The bottom line is you don't know me or my business, and for you to begin suggest what affects me is laughable. However it is a classic example of the elite liberal community that knows exactly how everything affects everyone, because Obama said so or just simply because you guys are "smarter" than the rest of the world.

    My idea of the American Dream is the freedom that allows all citizens and all residents of the United States to pursue their goals in life through hard work and free choice. Hard work that seems to be punished by Obama and fellow socialists.
     
  12. Butercupp

    Butercupp New Member

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    You are right, I know nothing about your situation, so I will not argue with you about what ever tax problems "you" are having. My experience is different then yours as well, so I would suggest you take your own advice and realize not all small businesses are having the same tax problems as you.

    As for the American dream... in reference to my earlier comment. How can a person start a new business in an environment were a monopoly is in place?
     
  13. PLC1

    PLC1 Moderator Staff Member

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    Gosh, I wish I had to pay taxes on a half million a year in income.

    And, business is taxed on net income, not gross, so don't come back with how you're paying on the entire gross receipts. That's just nonsense. Any business person incompetent enough to pay on the gross would have gone out of business under any tax plan.
     
  14. Butercupp

    Butercupp New Member

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    Hey that was my thought as well.. But we don't know his situation. So we are not going to question it..


    <snicker>
     
  15. Andy

    Andy Well-Known Member

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    Give me an example of a monopoly?
     
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