This Is Why There Are No Jobs in America

[MadMarketScientist 11]

Awesome article ... MMS

---------------------------

 

I'd like to make you a business offer.

 

Seriously. This is a real offer. In fact, you really can't turn me down, as you'll come to understand in a moment…

 

Here's the deal. You're going to start a business or expand the one you've got now. It doesn't really matter what you do or what you're going to do. I'll partner with you no matter what business you're in – as long as it's legal.

 

But I can't give you any capital – you have to come up with that on your own. I won't give you any labor – that's definitely up to you. What I will do, however, is demand you follow all sorts of rules about what products and services you can offer, how much (and how often) you pay your employees, and where and when you're allowed to operate your business. That's my role in the affair – to tell you what to do.

 

Now in return for my rules, I'm going to take roughly half of whatever you make in the business each year. Half seems fair, doesn't it? I think so. Of course, that's half of your profits.

 

You're also going to have to pay me about 12% of whatever you decide to pay your employees because you've got to cover my expenses for promulgating all of the rules about who you can employ, when, where, and how. Come on, you're my partner. It's only "fair."

 

Now… after you've put your hard-earned savings at risk to start this business, and after you've worked hard at it for a few decades (paying me my 50% or a bit more along the way each year), you might decide you'd like to cash out – to finally live the good life.

 

Whether or not this is "fair" – some people never can afford to retire – is a different argument. As your partner, I'm happy for you to sell whenever you'd like… because our agreement says, if you sell, you have to pay me an additional 20% of whatever the capitalized value of the business is at that time.

 

I know… I know… you put up all the original capital. You took all the risks. You put in all of the labor. That's all true. But I've done my part, too. I've collected 50% of the profits each year. And I've always come up with more rules for you to follow each year. Therefore, I deserve another, final 20% slice of the business.

 

Oh… and one more thing…

 

Even after you've sold the business and paid all of my fees… I'd recommend buying lots of life insurance. You see, even after you've been retired for years, when you die, you'll have to pay me 50% of whatever your estate is worth.

 

After all, I've got lots of partners and not all of them are as successful as you and your family. We don't think it's "fair" for your kids to have such a big advantage. But if you buy enough life insurance, you can finance this expense for your children.

 

All in all, if you're a very successful entrepreneur… if you're one of the rare, lucky, and hard-working people who can create a new company, employ lots of people, and satisfy the public… you'll end up paying me more than 75% of your income over your life. Thanks so much.

 

I'm sure you'll think my offer is reasonable and happily partner with me… but it doesn't really matter how you feel about it because if you ever try to stiff me – or cheat me on any of my fees or rules – I'll break down your door in the middle of the night, threaten you and your family with heavy, automatic weapons, and throw you in jail.

 

That's how civil society is supposed to work, right? This is Amerika, isn't it?

 

That's the offer Amerika gives its entrepreneurs. And the idiots in Washington wonder why there are no new jobs…

 

Regards,

 

Porter Stansberry

[MightyMouse 12]

Awesome article ... MMS

---------------------------

 

I'd like to make you a business offer.

 

Seriously. This is a real offer. In fact, you really can't turn me down, as you'll come to understand in a moment…

 

Here's the deal. You're going to start a business or expand the one you've got now. It doesn't really matter what you do or what you're going to do. I'll partner with you no matter what business you're in – as long as it's legal.

 

But I can't give you any capital – you have to come up with that on your own. I won't give you any labor – that's definitely up to you. What I will do, however, is demand you follow all sorts of rules about what products and services you can offer, how much (and how often) you pay your employees, and where and when you're allowed to operate your business. That's my role in the affair – to tell you what to do.

 

Now in return for my rules, I'm going to take roughly half of whatever you make in the business each year. Half seems fair, doesn't it? I think so. Of course, that's half of your profits.

 

You're also going to have to pay me about 12% of whatever you decide to pay your employees because you've got to cover my expenses for promulgating all of the rules about who you can employ, when, where, and how. Come on, you're my partner. It's only "fair."

 

Now… after you've put your hard-earned savings at risk to start this business, and after you've worked hard at it for a few decades (paying me my 50% or a bit more along the way each year), you might decide you'd like to cash out – to finally live the good life.

 

Whether or not this is "fair" – some people never can afford to retire – is a different argument. As your partner, I'm happy for you to sell whenever you'd like… because our agreement says, if you sell, you have to pay me an additional 20% of whatever the capitalized value of the business is at that time.

 

I know… I know… you put up all the original capital. You took all the risks. You put in all of the labor. That's all true. But I've done my part, too. I've collected 50% of the profits each year. And I've always come up with more rules for you to follow each year. Therefore, I deserve another, final 20% slice of the business.

 

Oh… and one more thing…

 

Even after you've sold the business and paid all of my fees… I'd recommend buying lots of life insurance. You see, even after you've been retired for years, when you die, you'll have to pay me 50% of whatever your estate is worth.

 

After all, I've got lots of partners and not all of them are as successful as you and your family. We don't think it's "fair" for your kids to have such a big advantage. But if you buy enough life insurance, you can finance this expense for your children.

 

All in all, if you're a very successful entrepreneur… if you're one of the rare, lucky, and hard-working people who can create a new company, employ lots of people, and satisfy the public… you'll end up paying me more than 75% of your income over your life. Thanks so much.

 

I'm sure you'll think my offer is reasonable and happily partner with me… but it doesn't really matter how you feel about it because if you ever try to stiff me – or cheat me on any of my fees or rules – I'll break down your door in the middle of the night, threaten you and your family with heavy, automatic weapons, and throw you in jail.

 

That's how civil society is supposed to work, right? This is Amerika, isn't it?

 

That's the offer Amerika gives its entrepreneurs. And the idiots in Washington wonder why there are no new jobs…

 

Regards,

 

Porter Stansberry

 

MMS, I think we need to label you a vendor.

[MadMarketScientist 11]

You didn't think that article was entertaining and dead-on true?

 

MMS

[MightyMouse 12]

I think it was an article about estate planning with life insurance.

 

It has many elemenets of truth in it which is why it pisses you off when you read it. In fact I think he missed quite a few items that add to the anti-business theme.

 

Say all you want about America, but we have the best variety of women anywhere.

[khamore1 10]

!@#_----------------&^%$#@ #

[Tams 20]

[SIUYA 11]

ahhh Porter.....

I have to love the free market capitalists who think that the government is what causes them to have all these problems and why its not worth setting up a business.

These are the same people who then generally expect someone to pay for the roads and transport for their products, supply a steady form of policing so that their business is not looted, and ensure that people dont dump toxic waste in their water supply......

....and correct me if I am wrong. American seems to have done pretty well from the mix of government intervention into their economy. Did he complain when the US subsidized industries to help them get going, or when farmers needed to survive help stay on the land. Is he up in arms about the fact that many farmers still get subsidies when they are not needed.

Isn't America the land where the very rich pay less tax than the secretaries

If that is truly what he believes - then he should either a....get a job and let somone else pay him, or b....join the government.

 

(dont worry I hate paying taxes as well, but i also understand that someone has to pay for things.....maybe he should focus his attention on wastage, unnecessary bureaucratic and inefficient systems - otherwise he is just another Occupy Wall street hippy in suit)

[joshdance 10]

 

How about this one..?

[4EverMaAT 10]

.......

Say all you want about America, but we have the best variety of women anywhere.

 

I think once you've passed through Thailand or Columbia, you might change your mind. But I'm thinking more accessibility vs variety.

 

ahhh Porter.....

I have to love the free market capitalists who think that the government is what causes them to have all these problems and why its not worth setting up a business.

These are the same people who then generally expect someone to pay for the roads and transport for their products, supply a steady form of policing so that their business is not looted, and ensure that people dont dump toxic waste in their water supply......

....and correct me if I am wrong. American seems to have done pretty well from the mix of government intervention into their economy. Did he complain when the US subsidized industries to help them get going, or when farmers needed to survive help stay on the land. Is he up in arms about the fact that many farmers still get subsidies when they are not needed.

Isn't America the land where the very rich pay less tax than the secretaries

If that is truly what he believes - then he should either a....get a job and let somone else pay him, or b....join the government.

 

(dont worry I hate paying taxes as well, but i also understand that someone has to pay for things.....maybe he should focus his attention on wastage, unnecessary bureaucratic and inefficient systems - otherwise he is just another Occupy Wall street hippy in suit)

The Westernized countries have the infrastructure for serious and scalable business. But the emerging economies have the simpler, stress-free lifestyle. The wise people pick the best of both worlds whenever possible.

[SIUYA 11]

The Westernized countries have the infrastructure for serious and scalable business. But the emerging economies have the simpler, stress-free lifestyle. The wise people pick the best of both worlds whenever possible.

 

is that why so many of them wish to migrate to the USA? must be to pay the higher taxes.

[xioxxio 10]

I think once you've passed through Thailand or Columbia, you might change your mind. But I'm thinking more accessibility vs variety.

 

 

The Westernized countries have the infrastructure for serious and scalable business. But the emerging economies have the simpler, stress-free lifestyle. The wise people pick the best of both worlds whenever possible.

 

You are living in la la land? I suggest you go to Africa and see the "stress-free lifestyle" of the emerging economies with people starving and not having basic services. No fresh running water, no electricity, no medicine, the list goes on and on and on. To me that is hell, not simpler, stress free.

Edited June 20, 2012 by MadMarketScientist
no personal attacks please - thanks

[sommerday 10]

What useless fox news talking points.

NAFTA, severe debt recession, and the rich "job creators" shipping jobs off-shore might have a little somethin' somethin' to do.

 

Bush incredulously promoted out-sourcing. (True story) While in India (some nuclear treaty) in Feb, 2006 Bush said clearly to an Indian audience "out-sourcing is perfectly OK" WOW?! My own president said that?! WOW?! The Indian audience was at first stunned then cheered wildly. Bush literally forgot where he was. That our Dubya?!

[SIUYA 11]

What useless fox news talking points.

NAFTA, severe debt recession, and the rich "job creators" shipping jobs off-shore might have a little somethin' somethin' to do.

 

Bush incredulously promoted out-sourcing. (True story) While in India (some nuclear treaty) in Feb, 2006 Bush said clearly to an Indian audience "out-sourcing is perfectly OK" WOW?! My own president said that?! WOW?! The Indian audience was at first stunned then cheered wildly. Bush literally forgot where he was. That our Dubya?!

 

That reminds me - everything is relative - in 2009 I was in Kolkata (Calcutta) India a very socialist province and we walked past a government building with a big protest sign outside it.....

"Stop outsourcing Indian jobs"

We did not have a camera but wish we had taken a picture.....I think they were worried about outsourcing to East Asia.

[sommerday 10]

That reminds me - everything is relative - in 2009 I was in Kolkata (Calcutta) India a very socialist province and we walked past a government building with a big protest sign outside it.....

"Stop outsourcing Indian jobs"

We did not have a camera but wish we had taken a picture.....I think they were worried about outsourcing to East Asia.

 

I love your perspective.

I wonder if the Indian Prime Minister would be caught in (somewhere) East Asia telling an East Asian crowd that "(Indian) out-sourcing is perfectly OK!" ? I think that the Indian PM is much too smart for that.