Archive for August, 2010

This Is Why There Are No

Jobs in America

By Porter Stansberry

Saturday, August 21, 2010

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.

Economic stimulus, education, tourism, business advocacy – these issues are priorities for our community and priorities for the Chamber of Commerce. We have committees devoted to each of these topics and we are inviting local businesspeople to become engaged in these issues by joining a Chamber committee and making a difference in our community.

We cannot have a prosperous community filled with opportunities without a strong business climate. The Economic Stimulus Committee will build on the Chamber’s business development program in order to help businesses of all sizes find the resources they need to grow.

The Education Committee is focused on the CHOICES program which puts young businesspeople into SFPS classrooms to speak about making good decisions and the consequences of those decisions.

Tourism is our primary business sector and the Tourism Committee allows businesspeople from the industry together regularly to support ways to keep tourism strong and visitors to enjoy a positive experience in Santa Fe.

The Government Affairs Committee is the heart of the Chamber’s mission to be The Voice of Business in Santa Fe. The Committee works to create legislative priorities and be an effective advocate for business in the community.

If you have any interest in joining a committee please contact Marilyn Blessie at marilyn@santafechamber.com or 988-3279. Just come to meeting and see how you can help the community prosper while growing your business network.