Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and the Yahoo Answers website is now in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

? asked in Politics & GovernmentPolitics · 8 years ago

Will you be one of the ones laid off when obummer raises taxes on small business?

12 Answers

Relevance
  • Favorite Answer

    Government spends on goods and services to create our infrastructure. The accumulation of hundreds of years of spending are the roads and bridges, schools and clinics, parks and monuments, police and fire stations, courts and prisons, but especially the armed services that protect everything else. Spending is good!

    We need trillions of dollars for infrastructure improvement. We need more spending, not less. Spending is good!

    Government spends too much only when it buys scarce resources that could be better used by the private sector. Our scarcest resource is energy and the only way to increase it is by spending more money on insulation, wind, solar, geothermal, nuclear, coal, and oil energy sources. Spending is good!

    Spending uses idle resources to create new resources. Why not use idle resources? Twenty-five million Americans are drawing benefits instead of creating wealth. Most government waste is due to the failure of government to spend money to convert idle resources into wealth. Spending is good!

    What’s bad? Borrowing and paying interest to bond-holders is bad. Instead, print the money and use it to turn idle resources into infrastructure. Sure, there are pros and cons. Pro: Heaven on Earth. Con: inflation, if you print or borrow too much money. Since printing is cheaper than borrowing, print!

    Government prints too much money only when its money can’t find idle resources. So, when idle resources become scarce and inflation begins, stop printing and raise interest rates! Is this the only thing preventing Heaven on Earth? Yes! It’s that easy. It’s like watering the lawn; when it’s wet enough, stop sprinkling!

  • 5 years ago

    None. If we enable the con's have their way we are able to bypass precise returned off hill. additionally, maximum small company proprietors do no longer pay themselves an earnings. That way they do no longer could pay own earnings taxes. i understand. i'm a small company proprietor.

  • 8 years ago

    No but I work for myself and do 100% of my business with small businesses so I imagine that my services will be greatly reduced.

  • Edward
    Lv 7
    8 years ago

    He put the small business I worked for out of business long ago.

    Source(s): Mining sales an service.
  • 8 years ago

    You can thank the obstructionist Republicans who blocked every piece of legislation to avoid the tax increase. And you can thank bush for his deadline on his tax plan. In fact none of your complaints are directly the responsibility of Obama.

  • 8 years ago

    I work for a small business in Van Nuys, CA. I don't think OBAMA has a clue what this will do to my boss and owner. This sucks.

  • Anonymous
    8 years ago

    He's not raising taxes on small business.

  • 8 years ago

    I work at home Walmart, so I'm very safe.

  • Anonymous
    8 years ago

    Could be. One never knows?

  • 8 years ago

    No but I am worried about my retirement!!

    MERRY CHRISTMAS

Still have questions? Get your answers by asking now.