liberal foaming at the mouth
"Innovation and wealth generally come from the bottom. Startups in garages will always be the inventors of the next big thing."
Thanks to the current tax structure in the US, as of 2011 the typical "small business" will now be taxed at a far higher percentage of their income than even a mid-sized corporation. Due to the way they are structured "sole proprietor" and similar methods of starting a small company while limiting liability to the founder's personal assets, these businesses will be taxed at the personal income rate. So, a small business that makes more the $200K per year will be taxed nearly 33% as income tax. On top of that, you have health insurance costs that have been driven up 25% in less than a year, unemployment insurance costs that went up, in some states, 400% in the last 2 years, and local municipalities adding their fees and taxes on top of that.
Mr Obama is a theorist. He has wonderful "theories" that are based on academic assumptions and stances. He forgets that yes, small companies create jobs. Small companies have 2 sets of customers - the average end consumer, most of whom work for larger corporations (startups and small companies cannot afford to offer competitive wages due to the difference in volume of sales) and the corporations themselves. If the consumer cannot afford to buy your product, and the corporations cannot afford or do not want to buy your product, you are out of business.
Keep in mind that the mass exodus of jobs started when the government started forcing corporations to have higher and higher overhead for their local employees and the current crop of liberally educated business majors started cooking the books.
Too many people think of "Big Companies" as the enemy, instead of thinking of "Big Government" as the thing to watch out for. After all, Intel, Dell, AIG et al will not tax away a part of your income to curb behavior that they don't like-and since they don't like it it must be bad for you.
The US Government is the only entity that can take a million dollar company with 0 overhead and run it into the ground within 12 months due to over regulation and trying to squeeze every nickle and dime out of the public.
Not that this political diatribe will see the light of day.