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Old 09-07-2012, 09:35 AM   #44
Iowanian Iowanian is offline
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Join Date: Aug 2000
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Quote:
Originally Posted by BigRedChief View Post
Without a strong middle class its impossible to have a strong America.

I agree and I think anyone with a brain would a agree that a strong middle class is important and is the backbone of the country's economy.

The area where left and right disagree on is how to get there. In the real world, the saying "it takes money to make money" is very true. If I had $50k to speculate with on land or auction items, I know I could make purchases on cheap items and flip them for profit. Without the cash to do so, you can't.

Starting a business is expensive. Even small business that doesn't require great inventories or large store fronts or office space. Equipment, computers, software, general insurance, professional liability insurance, licenses, permits, supplies, inventory, legal fees, corporate filing fees, CPA, starting and operating capital and on and on.

It's very much possible to start a new business and create jobs for a middle class person but it's hard. You have to spend years collecting savings, get collateral on your own or via family or some type of angel investor. You get that done and you start the process of fighting your way through government regulations and environmental testing and permits and on and on....all before you even get into employee issues, workforce development, figuring out the taxes and forms and reports.

I've done it successfully, and this year shut down another attempt after a year of work. It failed not because of the effort of myself or partners, but very specifically because of government regulation, red tape and nonsense. Government policy and requirements absolutely killed that opportunity and at least 3 jobs.

The Republican strategy makes sense to me more than the Dem for reasons directly relating to what I have shared above. Reducing government red tape, environmental regulations and other ignorant restrictions are important. Lowering taxes on businesses and payroll taxes make it possible to stay afloat during the vital first 2 years of a business. Less taxes, less expenses fighting through government requirements can make or break creation of a new job.

Making it easier for existing business to expand for corporations to grow and for people with the financial means to either create business or spent that money as an investor in a new company in my opinion are the best way to create jobs.

I'm not a 1%, I'm not wealthy but I am a small business owner who is absolutely against the democratic talking points which have zero actual strategy or impact on new business development.
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