This is my response to Herb Kohl's letter telling me why he supported the sham small-business legislation.
Senator Kohl,
Small businesses don't need loans, they need customers. Loans create more debt and small businesses can't afford it. Based on your voting record, I'm convinced that you have no idea how debt affects a business, state, economy, and nation.
Speaking as a small business owner, I can tell you that we need customers! You and the Democratic machine still don't get it. Tax cuts across the board will free up money that will allow consumers to purchase what we're selling. We don't want more debt, we want customers. Why not look at creating jobs through helping businesses create demand for their products and services rather than through credit? Your approach has never worked and it never will. This is a political ploy to save your party's butt in an election year.
Tax cuts across the board free up money that consumers would normally spend on taxes, thereby, giving the consumer more buying power. Business tax cuts free up money that businesess would normally spend on taxes and allows them to make investments in growing their business while consumers have increased demand for the businesses' products and services. When businesses grow so do job opportunities. Tax cuts fuel a two-way approach to jump starting the economy; one from the demand side and the other from the
supply (business) side.
I'm amazed that Kohls stores are still in business with the approach you always take. But then again, I'm forced to remember that it was a business savvy CEO that built the empire and not you personally. In other words you talk tax cuts but have a record of voting for spending, debt, and higher taxes. I can't wait til your up for re-election.
Friday, September 17, 2010
Thursday, August 12, 2010
Some Voters Just Don't Get It
I'm reviewing some of the primary results for several states that held their elections on August 10th. Particularly, the state of Minnesota's race for Governor. Mark Dayton, pulled off a late night upset to win over the Democratic Farm Labor (DFL)-Endorsed Margaret Anderson-Kelliher but after looking at both candidates, there's really no winner for the citizens of Minnesota on the Democratic ticket.
The two candidates ran on different platforms. After being endorsed by the DFL party, Anderson-Kelliher ran on the common sense platform of making budget cuts to cover the MN budget shortfall. This is the smart approach, however, in the end it was rejected by the voters of Minnesota. When your personal funds are running short, do you keep spending? Heck no, you cut back on your spending and start saving to make your ends meet. What the heck are you Minnesotans thinking?
Mark Dayton said that he'd raise taxes on the wealthy which, in this case, he deems "wealthy" as households with an income of over $130,000. That's not much by any means, but again, it's Mark Dayton who was a dismal failure as a one-term United States Senator that voted for nearly every tax increase that came through Congress during his term.
Both candidates promoted the fact that Minnesota needs jobs. Lots of jobs! With an unemployment rate just slightly below the national average, both candidates had the same old usual song and dance that each would cater to businesses and come up with ideas and incentives to bring jobs to the state. So far, neither candidate has produced any tangible plans or policies on how they'd accomplish this. But I ask, how can you say on one side of your mouth that you'll cater to businesses with ideas and incentives, but on the other side of your mouth you want to raise taxes on the rich?
To understand how insane of an idea it is to raise taxes on the rich, we need to look at who the rich are and what they do. Job creators are usually the people with the money that invest into businesses that create the jobs. The same people that earn more than Dayton's $130,000 earmark. If you haven't figured it out yet, the rich are the job creators!
Dayton plans to create a fourth tax bracket for these high income earners. Using my common sense, I will call this tax bracket the "Special Tax Bracket for High Wage Earners" or "Special Tax" for short. These job creators are usually the people with a higher education, motivated from an early age to work and study hard, etc. You get the picture. Now if the job-creators are going to pay special taxes, where's the incentive to further one's education, or to take a financial risk to create a company or, for that matter, create jobs? There is none and, therefore, Dayton's plan is doomed to failure before it even gets off the ground.
Dayton's campaign slogan should be, "Love jobs, it's job-creators I don't feel for." Throughout history, there has never been a country that has taxed and spent itself into prosperity and it will not work for the United States or the state of Minnesota.
People of Minnesota, wake up! The insanity lies in the fact that this is nothing new. It's never worked and it's been tried over and over again. You're repeating the same thing but expecting a different result. That's insanity!
In my opinion, Dayton's Republican opponent, Tom Emmer, seems best suited for this job. Emmer understands that you need to provide incentives to companies and (the rich) to create jobs in the state. Yes, the rap on the Pawlenty administration is that he was a friend of the rich. Well who in the heck do you think creates the jobs, the poor? It's a fact of life, you need to lure the rich to your state to get them to invest there. Investing in your state creates jobs! Yes, it's the rich that create the jobs and yes we need to befriend them whether or not you like it! It's simple economics and it will never change. Expecting it to do so is purely insane.
There's a reason that liberals are usually non-business people. They don't understand economics and business and, therefore, they will tell you to vote for those that will tax the rich because it's only fair! That's what I'd call trickle-down insanity because they're preaching it and the people of Minnesota are buying it.
The two candidates ran on different platforms. After being endorsed by the DFL party, Anderson-Kelliher ran on the common sense platform of making budget cuts to cover the MN budget shortfall. This is the smart approach, however, in the end it was rejected by the voters of Minnesota. When your personal funds are running short, do you keep spending? Heck no, you cut back on your spending and start saving to make your ends meet. What the heck are you Minnesotans thinking?
Mark Dayton said that he'd raise taxes on the wealthy which, in this case, he deems "wealthy" as households with an income of over $130,000. That's not much by any means, but again, it's Mark Dayton who was a dismal failure as a one-term United States Senator that voted for nearly every tax increase that came through Congress during his term.
Both candidates promoted the fact that Minnesota needs jobs. Lots of jobs! With an unemployment rate just slightly below the national average, both candidates had the same old usual song and dance that each would cater to businesses and come up with ideas and incentives to bring jobs to the state. So far, neither candidate has produced any tangible plans or policies on how they'd accomplish this. But I ask, how can you say on one side of your mouth that you'll cater to businesses with ideas and incentives, but on the other side of your mouth you want to raise taxes on the rich?
To understand how insane of an idea it is to raise taxes on the rich, we need to look at who the rich are and what they do. Job creators are usually the people with the money that invest into businesses that create the jobs. The same people that earn more than Dayton's $130,000 earmark. If you haven't figured it out yet, the rich are the job creators!
Dayton plans to create a fourth tax bracket for these high income earners. Using my common sense, I will call this tax bracket the "Special Tax Bracket for High Wage Earners" or "Special Tax" for short. These job creators are usually the people with a higher education, motivated from an early age to work and study hard, etc. You get the picture. Now if the job-creators are going to pay special taxes, where's the incentive to further one's education, or to take a financial risk to create a company or, for that matter, create jobs? There is none and, therefore, Dayton's plan is doomed to failure before it even gets off the ground.
Dayton's campaign slogan should be, "Love jobs, it's job-creators I don't feel for." Throughout history, there has never been a country that has taxed and spent itself into prosperity and it will not work for the United States or the state of Minnesota.
People of Minnesota, wake up! The insanity lies in the fact that this is nothing new. It's never worked and it's been tried over and over again. You're repeating the same thing but expecting a different result. That's insanity!
In my opinion, Dayton's Republican opponent, Tom Emmer, seems best suited for this job. Emmer understands that you need to provide incentives to companies and (the rich) to create jobs in the state. Yes, the rap on the Pawlenty administration is that he was a friend of the rich. Well who in the heck do you think creates the jobs, the poor? It's a fact of life, you need to lure the rich to your state to get them to invest there. Investing in your state creates jobs! Yes, it's the rich that create the jobs and yes we need to befriend them whether or not you like it! It's simple economics and it will never change. Expecting it to do so is purely insane.
There's a reason that liberals are usually non-business people. They don't understand economics and business and, therefore, they will tell you to vote for those that will tax the rich because it's only fair! That's what I'd call trickle-down insanity because they're preaching it and the people of Minnesota are buying it.
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