Tuesday, October 04, 2011

Elizabeth Warren seems anti-business to me...

If it were up to Elizabeth Warren, I don't think there would be such a thing as profit or the right of people to own their own business. She apparently lays the blame for the economic and social problems at the feet of American businesses. And she does NOT imply large or small, but all businesses.

Recently she talked about how taxpayer funded services benefit American businessmen:

"There is nobody in this country who got rich on his own -- nobody."

So all that hard work you put in running your company means nothing because really you didn't do a damn thing, your employees did. Well of course your employees worked but why does your contribution mean nothing because you own it?  If you're an owner/manager and you hire people to work out in the field, in the warehouse or in the office and your company makes money, while you make the management decisions, still you are not responsible for that. Her implication here is that American businesses are bad.

"You moved your goods to market on the roads the rest of us paid for. You hired workers the rest of us paid to educate. You were safe in your factory because of police forces and fire forces that the rest of us paid for. You didn't have to worry that marauding bands would come and seize everything at your factory -- and hire someone to protect against this -- because of the work the rest of us did. Now look, you built a factory and it turned into something terrific, or a great idea. God bless -- keep a big hunk of it. But part of the underlying social contract is, you take a hunk of that and pay 
forward for the next kid who comes along."

I don't even know what to say to this. What? American businesses don't pay taxes? The inviduals who own them don't pay taxes?  Remember 99.7% of American businesses are small businesses, I posted that the other day. So thank you Elizabeth Warren for managing to insult 99.7% of the businesses in this country. Excuse me while I hurl.  She probably also believes profit is a bad thing too. She's probably also in favor of welfare redistribution, income caps, and the rest of that crap.

BTW, can you guess in what state she's running for Senate? Don't look it up....just guess. I bet you'll get it right the first try.


  1. Anonymous10/05/2011

    Wow did you miss Warren's point. Pay your fair share of taxes instead of whining about your position. If you as a business owner take home a personal paycheck (as you very well should), then you pay individual taxes on it, just like any other working American. No special breaks for you as a company employee (hence the paycheck). Then, if your business declares a profit after DEDUCTING expenses (another tax-related perk- as it should be), the business entity pays takes on its profits. What exactly is the problem with that picture?

  2. She's attempting to blame America's economic problems on business, period. 99.7% of business in this country is small business. Do you think small businesses don't pay taxes? They are MORE likely to pay taxes than the smaller percentage of corporations that get tax loopholes. And by the way if these small businesses DO get tax breaks it's because, in part, Ms. Warren's party has been advocating tax breaks for small businesses. These tax breaks help these businesses expand and do more much like giving tax breaks to poor people or people with children, or college students, or whoever else gets them helps them have more money in their pockets.

    What she is doing is called class warfare--- trying to pit rich against poor. Problem is many small businesses are not even close to being rich. If she's going to nail businesses she needs to be clear about who she's going after.

    I don't have a problem with taxes, we all have to pay them. But it seems in this economy businesses are getting a bad rap here. The big corporations in this country are not the majority and their big fat breaks don't trickle down into the small businesses which are the backbone of this nation.

  3. Charlene10/05/2011

    Well said. And I'm a Democrat!

  4. Anonymous10/05/2011

    I think you're taking this waaaaay too far by blaming Warren for a supposed class warfare of "trying to pit rich against poor." The Warren quotes you used in this blog do not say one word about American businesses not paying taxes. Warren is explaining how things work and she does not say nor does she IMPLY American businesses are bad as you accuse. You're looking for a reason to have a fit. There's simply no substance to your attack. Sorry you don't get it.

  5. I could be having a rough day too LOL ;) I appreciate you being so civil! Seriously!!