Let's Just Examine "Joe the Plumber" And Small Businesses

First, you need to understand that, under Barack Hussein Obama, you're one of the Dirty Wealthy Elite if you happen to make more than $250,000 a year.

[And even before I go further, I should like to interject at this point: who is the "party of the poor" -- Demorats or Republicans? As I wrote in November of last year, The Washington Times indicated: "Democrats like to define themselves as the party of poor and middle-income Americans, but a new study says they now represent the majority of the nation's wealthiest congressional districts. In a state-by-state, district-by-district comparison of wealth concentrations based on Internal Revenue Service income data, Michael Franc, vice president of government relations at the Heritage Foundation, found that the majority of the nation's wealthiest congressional jurisdictions were represented by Democrats."]

That in consideration, there's been much made of Joe "The Plumber" Wurzelbacher's interaction between Barack Hussein Obama and himself, documented on YouTube and the subject of numerous media points this past week.

Much has been made on the Left that Joe "isn't a union member," he "doesn't have a license," etc etc etc.

But the main point is Joe's specific question: "I’m getting ready to buy a company that makes $250,000 to $280,000 a year. Your new tax plan is going to tax me more, isn’t it?”

To which Barack Hussein Obama responded: "I think that when you spread the wealth around, it’s good for everybody."

This is "income redistribution."

This is, essentially, Socialism.

Even a buck an hour increase on the minimum wage equates to $12,000 to $15,000 wages paid a year for a business that employs a few workers, and you've just lopped off 20% of the profit on a business that might nominally have yielded $60,000 a year in profits.

Further, small business profit margins aren't predictable by any means. You need to bank away the good years in order to anticipate and survive the rough years.

Everybody want to make more money. Employees want to make more money; businesses want to make more money. That, on its face is not wrong -- except as viewed by Leftists/Socialists/Demorats.

Growing a business increases taxable income. Growing a business is good for the economy.

Obama's tax plan in re his $250,000 "wealthy" line will put small business owners into the 54% tax bracket. That means over 50% of whatever profits occur will be confiscated by the government.

Obama and his ilk throughout the nation, the DEM/MSM, have disdain for "Joe the Plumber."

McCain has embraced "Joe the Plumber." And finally, though post-debate, John McCain just now becomes Captain Obvious:

CONCORD, N.C. – Republican presidential candidate John McCain on Saturday accused Democratic rival Barack Obama of favoring a socialistic economic approach by supporting tax cuts and tax credits McCain says would merely shuffle wealth rather than creating it.

"At least in Europe, the Socialist leaders who so admire my opponent are upfront about their objectives," McCain said in a radio address. "They use real numbers and honest language. And we should demand equal candor from Sen. Obama. Raising taxes on some in order to give checks to others is not a tax cut; it's just another government giveaway."

It is clearly acknowledged that "small businesses" employ the greatest number of persons in the country. If you hurt small business, you hurt the country. Obama has no grasp of this clear concept whatsoever.

Businesses aren't in business to lose money. It is not their job to "take it on the chin" for the government or the populace in general. Businesses operate on a principle with which Barack Hussein Obama and government in general have no clue: incentive. More risk for more gain. Those who take the risks should reap the gains!

Once Obama's tax plans are set into motion, businesses won't slap their foreheads nationwide and exclaim: "Shucks, looks like we'll just have to lose money for a few more years -- but that's fine because, after all, we'll know we're 'doing our part' for Obama."

No. Businesses will take one or more of the following paths:

• Raise prices on their goods and services;
• Lose employees by attrition;
• Fire employees outright.
• And expect themselves and those remaining to do more with less;
• That is, if they can even afford to stay in business.

That puts more people into the unemployement lines. That creates a greater hardship on individuals and families. It impacts family budgets. It reduces or eliminates consumer discretionary spending.

"Joe the Plumber" indeed. How about The Individual American?

BZ

P.S.

Apologies for the late post; this was written last night and about to be published until, of course, the number on the opposite end of my dial-up was, of all things, busy for hours and hours. Heavy sigh.