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Small business owner: letter to employees about bailout

Ironslave

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Fictional, but it's an amazing read.

This really hits home with me as I am a business owner and I didn’t get a stimulus check, but I did get a whole bunch of taxes to pay out to the US and State Government this year.

I may be wasting time and effort with some, but for the sake of trying, here is a decently written comment on current political/business issues by a small business owner. Sure makes a lot of sense.

For all of you small business owners, you can relate to this.

To All My Valued Employees,
There have been some rumblings around the office about the future of this company, and more specifically, your job. As you know, the economy has changed for the worse and presents many challenges. However, the good news is this: The economy doesn't pose a threat to your job. What does threaten your job however, is the changing political landscape in this country.

However, let me tell you some little tidbits of fact which might help you decide what is in your best interests.

First, while it is easy to spew rhetoric that casts employers against employees, you have to understand that for every business owner there is a back story. This back story is often neglected and overshadowed by what you see and hear. Sure, you see me park my Mercedes outside.
You've seen my big home at last years Christmas party. I'm sure; all these flashy icons of luxury conjure up some idealized thoughts about my life.

However, what you don't see is the back story.

I started this company 28 years ago. At that time, I lived in a 300 square foot studio apartment for 3 years. My entire living apartment was converted into an office so I could put forth 100% effort into building a company, which by the way, would eventually employ you.

My diet consisted of Ramen Pride noodles because every dollar I spent went back into this company. I drove a rusty Toyota Corolla with a defective transmission. I didn't have time to date. Often times, I stayed home on weekends, while my friends went out drinking and partying. In fact, I was married to my business -- hard work, discipline, and sacrifice.

Meanwhile, my friends got jobs. They worked 40 hours a week and made a modest $50K a year and spent every dime they earned. They drove flashy cars and lived in expensive homes and wore fancy designer clothes.

Instead of hitting the Nordstrom's for the latest hot fashion item, I was trolling through the Goodwill store extracting any clothing item that didn't look like it was birthed in the 70's. My friends refinanced their mortgages and lived a life of luxury. I, however, did not. I put my time, my money, and my life into a business with a vision that eventually, some day, I too, will be able to afford these luxuries my friends supposedly had.

So, while you physically arrive at the office at 9am, mentally check in at about noon, and then leave at 5pm, I don't. There is no "off" button for me. When you leave the office, you are done and you have a weekend all to yourself. I unfortunately do not have the freedom. I eat, and breathe this company every minute of the day. There is no rest. There is no weekend. There is no happy hour. Every day this business is attached to my hip like a 1 year old special-needs child. You, of course, only see the fruits of that garden -- the nice house, the Mercedes, the vacations... you never realize the back story and the sacrifices I've made.

Now, the economy is falling apart and I, the guy that made all the right decisions and saved his money, have to bail-out all the people who didn't. The people that overspent their paychecks suddenly feel entitled to the same luxuries that I earned and sacrificed a decade of my life for.
Yes, business ownership has is benefits but the price I've paid is steep and not without wounds.
Unfortunately, the cost of running this business, and employing you, is starting to eclipse the threshold of marginal benefit and let me tell you why:

I am being taxed to death and the government thinks I don't pay enough.

I have state taxes. Federal taxes. Property taxes. Sales and use taxes.

Payroll taxes. Workers compensation taxes. Unemployment taxes. Taxes on taxes. I have to hire a tax man to manage all these taxes and then guess what? I have to pay taxes for employing him.

Government mandates and regulations and all the accounting that goes with it, now occupy most of my time. On Oct 15th, I wrote a check to the US Treasury for $288,000 for quarterly taxes. You know what my "stimulus" check was?

Zero. Nada. Zilch.

The question I have is this: Who is stimulating the economy? Me, the guy who has provided 14 people good paying jobs and serves over 2,200,000 people per year with a flourishing business? Or, the single mother sitting at home pregnant with her fourth child waiting for her next welfare check? Obviously, government feels the latter is the economic stimulus of this country.

The fact is, if I deducted (Read: Stole) 50% of your paycheck, you'd quit and you wouldn't work here. I mean, why should you? That's nuts.

Who wants to get rewarded only 50% of their hard work? Well, I agree, which is why your job is in jeopardy.

Here is what many of you don't understand ... to stimulate the economy you need to stimulate what runs the economy. Had suddenly government mandated to me that I didn't need to pay taxes, guess what? Instead of depositing that $288,000 into the Washington black-hole, I would have spent it, hired more employees, and generated substantial economic growth. My employees would have enjoyed the wealth of that tax cut in the form of promotions and better salaries. But you can forget it now.

When you have a comatose man on the verge of death, you don't defibrillate and shock his thumb thinking that will bring him back to life, do you? Or, do you defibrillate his heart? Business is at the heart of America and always has been. To restart it, you must stimulate it, not kill it. Suddenly, the power brokers in Washington believe the poor of America are the essential drivers of the American economic engine. Nothing could be further from the truth and this is the type of change you can keep.

So where am I going with all this?

It's quite simple.

If any new taxes are levied on me, or my company, my reaction will be swift and simple. I fire you. I fire your co-workers. You can then plead with the government to pay for your mortgage, your SUV, and your child's future. Frankly, it isn't my problem any more.

Then, I will close this company down, move to another country, and retire. You see, I'm done. I'm done with a country that penalizes the productive and gives to the unproductive. My motivation to work and to provide jobs will be destroyed, and with it, will be my citizenship.

If you lose your job, it won't be at the hands of the economy; it will be at the hands of a political hurricane that swept through this country, steamrolled the constitution, and will have changed its landscape forever. If that happens, you can find me sitting on a beach, retired, and with no employees to worry about....

Signed,
Your boss

author unknown
 
Oloz

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I'm going to print this out and show it to my boss. My boss is extremely old, and is addicted to working as well. He is 91 years old and still comes in everyday to run the business, I don't think he plans on retiring.

Awesome article, IS.
 
Ironslave

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I'm going to print this out and show it to my boss. My boss is extremely old, and is addicted to working as well. He is 91 years old and still comes in everyday to run the business, I don't think he plans on retiring.

Awesome article, IS.

Great to hear, I'm sure someone like him is exactly who the article is alluding to, and he'd enjoy the read.
 
Duality

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Or, the single mother sitting at home pregnant with her fourth child waiting for her next welfare check? Obviously, government feels the latter is the economic stimulus of this country.


you have no idea how much i absolutely despise the parasites that this little statement describes. useless freeloaders who have children that no one wants or can take care of and add to population problems while real people have to go out and support the burden they continually add to society, useless.



on a different note, this was a very good read and thank you for posting
 
Line

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you have no idea how much i absolutely despise the parasites that this little statement describes. useless freeloaders who have children that no one wants or can take care of and add to population problems while real people have to go out and support the burden they continually add to society, useless.
Why don't you tell us how you really feel?
 
Samoan-Z

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Come Duality get started give me soemthing to read and debate, or I might actually agree since I have agreeed with your above statement.

I really do hate the non working leeches of our population they are like a parasite sucking gov't funds through the welfare system while people work 2 jobs to honestly make ends meet.
 
Oloz

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you have no idea how much i absolutely despise the parasites that this little statement describes. useless freeloaders who have children that no one wants or can take care of and add to population problems while real people have to go out and support the burden they continually add to society, useless.



on a different note, this was a very good read and thank you for posting

Oh man, my brother works at the pharmacy in walgreens, i'm sure you two would get along just great. He always tells me about this lady that comes through the drive through to get her kids their ADD medicine and what not and bitches about a 25 cent raise in her copay when she only pays a 1.50 anyways for the medicine. She has 5 kids with 5 different last names.
 
Beau

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Awesome read...reminds me of my father and uncle who own a successful business together. Other family members and friends are envious of there nice homes and lifestyle but they don't remember the hard times they had to go through to get what they have....nothing was handed to them. Jealousy is a terrible thing.

Gonna print this off as well!
 
Duality

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Oh man, my brother works at the pharmacy in walgreens, i'm sure you two would get along just great. He always tells me about this lady that comes through the drive through to get her kids their ADD medicine and what not and bitches about a 25 cent raise in her copay when she only pays a 1.50 anyways for the medicine. She has 5 kids with 5 different last names.


useless



we probably would get along
 
tim290280

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Here is what many of you don't understand ... to stimulate the economy you need to stimulate what runs the economy. Had suddenly government mandated to me that I didn't need to pay taxes, guess what? Instead of depositing that $288,000 into the Washington black-hole, I would have spent it, hired more employees, and generated substantial economic growth. My employees would have enjoyed the wealth of that tax cut in the form of promotions and better salaries. But you can forget it now.
I'm a little preturbed with this section. I don't disagree with the overall theme, but I do hope there isn't this level of naivety about economics.
 
Ironslave

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I'm a little preturbed with this section. I don't disagree with the overall theme, but I do hope there isn't this level of naivety about economics.

Why?

It's written by a libertarian cut from the cloth of Hazlitt, so it's not the average, every day person. But, I still think it's fine. The point is that the government is inefficient, whereas this man runs an efficient, successful business, so the money would be better spent by him, than in Washington.
 
tim290280

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Why?

It's written by a libertarian cut from the cloth of Hazlitt, so it's not the average, every day person. But, I still think it's fine. The point is that the government is inefficient, whereas this man runs an efficient, successful business, so the money would be better spent by him, than in Washington.
I don't disagree with this, nor the theme of stimulus through tax cuts rather than cash injections.

What I find a bit strange is the idea that it is a good idea not to pay any tax and that the govt doesn't provide anything to the larger community. The idea that tax is only used to fund the unemployed and drop-kicks of society is the naive part and creates an easy target.
 
Ironslave

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I don't disagree with this, nor the theme of stimulus through tax cuts rather than cash injections.

What I find a bit strange is the idea that it is a good idea not to pay any tax and that the govt doesn't provide anything to the larger community. The idea that tax is only used to fund the unemployed and drop-kicks of society is the naive part and creates an easy target.

True. But, the 'no taxes' applies to income taxes, as there's still be property taxes, gas taxes, and so on. This isn't specifically mentioned, but it's a common theme among this group.

The theme isn't just that the government provides handouts to the unemployed, but overall it's inefficient when compared to the private sector (such as this person, who is successful in the private sector). He would take the 288k and use it to grow his business, hire more people, buy more resources, and so on. In turn, it'd benefit society, his employees, and of course, himself.
 
tim290280

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^^ Yeh I know. Although that underlying concept is actually flawed due to the finite level of any resource. But for all intents purposes this is true. If you are to remove whatever level of tax's then you do end up with a govt unable to provide basic services to society. This means borrowings or reduction in the biggest economic stimulator (govt spending). So things would have to be offset, and I doubt anyone would have checked the balance of numbers on that.
 
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