This Is Why There Are No Jobs in America

Submitted by Moneybrain

US Employment Data

This is why the US is sunk, they have betrayed their heritage of being the “land of the free” and business central. This is especially stupid with China and India rising, both massive populations with ENTREPRENEURIAL Genes represented in their DNA! The US has very high Corp Tax of 35%, which BIGCOS don’t pay by registering their HO in Ireland et al.

Topping things off is an Immigration Policy where they educate Chinese, Indians et al in key areas of Computing, Science, Engineering etc (to Masters/ Doctorate level) and then instead of giving them a Green Card on graduation, allow them to slip out of their grasp, when they need about 250k such immigrants per year for jobs that are going UNFILLED. Brilliant eh? Naturally the education of the majority in the US is very sub par. The corruption in Washington guarantees that the US slips dramatically as it did in Greece , Rome etc:

This Is Why There Are No Jobs in America
By Porter Stansberry

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

Editor’s note:

The government’s ceaseless gorging on individuals’ income and savings is a direct symptom of what Porter has called the “End of America.” It’s a crisis that is unfolding now… and could have dire consequences for millions of Americans. In his landmark video… Porter describes in detail what’s at the root of what is happening. And he explains there are a series of simple steps you can take to protect you and your family’s wealth. To see the video, click here.

0 thoughts on “This Is Why There Are No Jobs in America


  1. @Porter

    comparison wise the example of the average person trying to broker a deal with a businessman does not compute bearing in mind that the GOVERNMENT is the landlord and the business person is the occupant it is incumbent that the landlord sets rules and standards by which the occupant can if they choose to abide. Yes i will agreed that some of the laws might be a bit harsh for these business people to abide but under democracy these business people have the right to set prices in a competitive market to cover some of the cost which most of them do .Places like CHINA where these people go are markets wher the govt give these business people free reign and exploitation of their workers another sore point for these big companies who after raking up a substantial amount of profits couldn’t care less about what the employee fair share. going to china was not only about govt policies but also about employees and a fair living wage.china is the ideal market for these corporate gluttons who does not give too hoots about nobody but themselves.


  2. @AC
    Yes, but why did the US Govt encourage China by agreeing to their entry into the WTO? They should have insisted that China’s currency float freely, that they obey Patent laws, that they vastly improve Human Rights et al.

    The US Govt has majorly FAILED to improve the lives of their own citizens by a non-existent Energy Policy, piss poor Education System for the masses, high Corp Tax, encouragement of indiscipline , not legalising all drugs (Tax revenue could have been used for improving Education).

    The reality is that the US should have appreciated the impact of countries like China, India, Russia et al (half of mankind) joining the business world and planned fastidiously to suit. However, it was more important to be playing CORRUPT little games in Washington and feathering their personal nests( naturally Bajan’s understand how that works in Bim).

    The critical question for Bajan’s is, what solutions can we devise to save our country as the US and Europe financially immolate?


  3. Yes but as politics goes can.t blame it all on government big business and its lobbies played as much a part in guaranteeing that some of the violations would be overlooked in an attempt to get free and easy acess to the market and slave labourwithout them having to be burden with excessive cost in finding remedies for chinas social problems as far as big businees was concerned those issues would have to be dealtby the various govt agencies and international buereaucratics


  4. @ac
    Please note that Govts are elected to serve the needs of the Country’s population first, foremost and only. Politicians should NOT SELL their power to the exceedingly Evil mofos on Wall St or Broad St. Part of Govts role is regulating business and the bastards SOLD OUT by repealing the laws enacted based on the lessons of the 1930s Great Depression!!!!!


  5. @ money brain

    i agree! however as a person who has been around for a long time that is not the reality. the first and foremost interest of the elected is to be re elected and as that cost plenty money and at the same time the ones with the money are the corporate giants even though the majority has the power of the vote the fact is that whoever the poor elects the one chosen still has to to deal with big business and there is wher it gets tricky as big business are the ones who drives the economy, and that is enough power to stop the elected dead in there tracks for as much as they had promised the poor now the reality is that the have to speak and respect the wishes of the big corporations who they will need next time around but then one might say what about the poor they have the power of the vote but is that enough! just look at “occupy Wall street” they were justified in speaking out about the greed in corporate america but who the hell in government or even the media care but are they going to vote next time around “hell yes” as we say ‘the lesser of the two evils” andcorporate greed will continue as the politician needs them more than the poor .


  6. @ ac | June 18, 2012 at 5:09 PM |
    Politics and Religion are different sides of the same social sword to control the simple minds of the poor with lawyers being the handmaidens of both.
    Word of advice: Never be fooled by a priest or politician and heed the advice of EWB: “Do your utmost to stay away from the Law Courts and possibly lawyers” or words to that effect. EWB was only conveying the advice attributed to a very famous rebel who it is alleged lived about 2,000 Earth years ago.


  7. how about china well i am of the opinion that america needed china in more ways than one first it wanted to find a quick fix to the money they owed them and second with big business looking for more tax breaks it would free up americas hand in the area of corporate welfare by sending these jobs to china and giving the government breathing room to save more but what about the unemployment rate that would follow america figures that over a period of time new and more established business would start which would eventually gobbled up some of the unemployment as beginning to happen now, to make a long story short america was able to kill two birds with one stone knowing full well what would be the fall out by taking the risk that government knew it would save millions of dollars incorporate welfare and letting coporate america invade china was the only way to go was and under neath it all americawas able to garner a friend in china for the time being and as for corporate america they are similing and singing the praises of china all the way to the bank and as for the consumer they are left holding the bag with cheap junk and products that dont worth a dime.


  8. @Moneybrain

    Surely you know that the beast that is capitalism must be fed and the need for the US to welcome the emerging economies is explained by the need to internationalize its production because it has reached saturation point on the domestic front.


  9. There is a most disturbing story in this week’s Business authority (Monday, June 18, 2012 – page 3 to be exact) which deals with the Foreign Account Tax Compliance Act (FATCA) of the US government.

    Whilst this newspaper has on a few times before put out some stories on this said subject, the tone of this particular story suggests that this said Act will definitely be enforced.

    But, without the knowledge that its regulations will come into force, the purveyors of this particular story, the Caribbean Media Corportation, and the publishers of it, this said tax agreeable Barbados Business Authority, have instead sought to act as virtual mouthpieces of the framers of this stupid ignoble Act and the US Congressional authority within which it was disposed.

    However, a serious reading of this Act will show that this Act, more than the fact that it is almost unimplementable, seeks to trample on the sovereignty of many other countries, and esp that of developing countries.

    This Act must be disregarded by other countries, as a most wicked imperialist device which has no place in this modern era of nation-states having the rights to self determination and to determine their own laws and regulations.

    So rather than the CMC writing a better and more balanced story and the BBA publishing that horrible CMC pap to put fear into some Barbadians hearts, they should have een agitating for the Act’s repeal or its abandonment by US authorities.

    What brainless capitulations to foreign forces which believe that might is right!!!!

    What is worse is that this Act definitely shows that America is on the decline financially. America is attempting to again overreach ( the relevant US authorities have seemingly forgotten the lessons of its overreaching before esp. recently ) by hitting out politically imperialistically to salvage its declining political economic dominance in a world where the balance of power is shifting from West to East.

    And so rather than simply reproducing some of the essence of this Act, the CMC and the BBA should have been seriously researching these global developmenis and letting the Barbadian and regional publics know that this is the case, and thus be preparing them for emergence of another global political economic behemoth.

    For a better understanding of the FATCA and its content, what others ought do is to over to Wikipedia.org, and see what efforts are being done by many other people to address this monumental stupidity.

    The Foreign Account Tax Compliance Act (FATCA), Subtitle A of Title V of the Hiring Incentives to Restore Employment Act (HIRE), enacts Chapter 4 of, and makes other modifications to, the Internal Revenue Code of 1986, the tax law of the United States.

    FATCA has several main parts:
    1.It requires foreign banks to find any American account holders and disclose their balances, receipts, and withdrawals to the US Internal Revenue Service (IRS), or be subject to a 30% withholding tax on income from US financial assets held by the banks.[1]
    2.Owners of these foreign-held assets must report them on a new Form 8938 along with US tax returns if they are worth more than US$50,000; a higher reporting threshold applies to overseas residents.[2] Account holders would be subject to a 40% penalty on understatements of income in an undisclosed foreign financial asset.[1]
    3.It closes a tax loophole that investors had used to avoid paying any taxes on dividends by converting them into dividend equivalents.[3]

    The reporting requirements are in addition to reporting of foreign financial assets to the US Treasury Department,[4] particularly the “Report of Foreign Bank and Financial Accounts” (FBAR) for foreign financial accounts exceeding US$10,000 required under Bank Secrecy Act regulations issued by the Financial Crimes Enforcement Network ……………………….

    PDC


  10. @David
    The facts are that the US has lost more than 50% of their manufacturing jobs in the recent 10yrs+, they have 47mn people on Food stamps, and a real unemployment rate of 22%. (forget the lies about 8-9%that is a figment of the BLS’s imagination). The US Govt has failed, it is a ONE Party state with 2 names D and R. The real name should be CORRUPTION IMBECILIC Party.

    This was totally predictable when China, Russia and India et al decided to join the business world. US strategy was/ is NON existent, somewhat like Bajan Govt strategy now. These jokers can NOT figure out that billions of cheap labourers must be dealt with by carefully devised research and strategic thinking. Any nation must place its own workers first as JOBS are critical and you cant do that by opening your market to the other half of the world’s population.

    Capitalism is the unequal sharing of wealth,

    Communism is the equal sharing of MISERY,

    Socialism is the confiscation of hardworking peoples money via high taxes,to create dependence by a large swath of the populace, in order to buy votes for corrupt politicians.

    The best system is incentive based Capitalistic Socialism where services are provided to develop the populace BUT with strings attached ie strict discipline no laziness or welfare types who take for 40yrs, you must improve or suffer.


  11. Moneybrain

    When I read what your write I is luvs you to start… Then I is start hating you and by the end man I is get confuse’ as to if it is the same person that start writing the piece, that write the middle, and then turn ’round and write the end… You like you ain’ nah Moneybrain, you is a Tripplebrain …!


  12. There are currently 350,000 people with doctorate degrees who are unemployed in the USA. In addition, multiplies of that number with master’s degrees are unemployed. And even more multiples of people with other degrees who are on the breadline. And this has been so several years. Some of us have argued that that the system is collapsing but policymakers in Barbados are looking elsewhere, to the colonial structure, for answers. When are they going to see that THE CENTRE CANNOT HOLD!


  13. In short we are arguing that we the ordinary people should collectively assume the CENTRE and run out whoever is there.


  14. Argentina, circa 2002, is an example. The global awakenings in the MENA, southern Europe and elsewhere must come to the Caribbean.


  15. @BAFBFP
    I must say that I am in noway surprised that YOU have difficulty following my logic. Afterall, YOU have trouble appreciating that absolutely superior approach and results of Lee’s Singapore versus Castro’s Cuba. Singapore’s citizens are very far ahead of their former colonial masters far less Cuba. ( you are stubborn as the proverbial mule in the face of overwhelming evidence and defeat)

    Strict Capitalistically based Socialism is the way to go. Govts role is to promote equality, excellent Education, Healthcare etc BUT the citizenry MUST positively respond by working diligently to improve themselves….no laziness and take, take take from the benevolent Govt like in Europe, Nth Am etc

    I regret confusing wunna wrong tracked minded, Failed Socialist adherents.
    It just WILL NOT work as practiced! Same is true for the Govt Corrupted Capitalism, with some dependence inducing Socialist policies, currently in use in the US.

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