Saturday, July 14, 2012

Questions - Why do we need Government?

Sometimes questions are more valuable than are the answers.

Academics have probably published articles that are directly or indirectly related to these questions and they have offered solutions. The problem is that the solutions offered by academics are just that - their academic opinions. Academics are not in the market place competing for profits and they can avoid the harsh realities of the market place. Economists use complex mathematical formulas to test the correlation of every possiblility for the future but they do not have to live with the consequences of failure.

When push-comes-to-shove people have to ask themselves these questions often and everyone will probably have an answer that is unique to their circumstances. Some questions are more relevant than others but at one point or another every business person alive has or will ask themselves these questions. Good luck with your answers.

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If Social Security Trustees think that it is going bankrupt in the near future, why have we reduced the Social Secnuity payroll tax rates?  Aren't we just making matters worse, much less even more striking that come January 2013 the tax rate will increase?

Why does inefficient, costly and unresponsive government continue to grow while the people and companies that could do the work much better are regulated and taxed out of existence?

Who takes the biggest risk in the market place: government bureaucrats or investors?

Am I morally and/or ethically responsible to provide personal charity to less fortunate?  Is charity the proper role for government?

Should the government spend more taxpayer money to create jobs? If yes, why should I work so hard?

Do we want the government to raise taxes so they can spend more taxpayer money to create jobs?

What is the solution to permanent job creation in this this country: Government or private industry?

Does a business person start a business, with all the associated headaches, to make a profit or to get the opportunity pay more taxes?

Why would any sane person want to risk their life savings to start a business?

Why would any sane person want to risk their reputations and freedom to start a business with a government looking to prosecute them at every turn?

Why would any sane person want to read volumes and volumes of tax manuals, hire CPA's, and employ accountants just for the privilege of being self-employed? Is being self-employed prestigious?

Why would any sane person want to manage employees and keep them motivated to help him/her make a profit?

Will I have to work 24/7/366 to make a profit?  How much of the profit can I expect to keep in the future, and how much is fair?

Why would any sane person want to pay unemployment taxes, payroll taxes, income taxes, property taxes and put up with government regulations without any guarantee of profit?

Does a person need to be insane to start a business? How much fun is it , anyway?

Will the government protect private contracts in the future? Is the government your friend or enemy?

Will the government impose restrictions on me in the future that will injure my business?

Will it be possible in the future for another Bill Gates to take $500 and start his own business in his garage?

Will the government help me prosper or will it tax me to death? Does the profit belong to you or the government?

Should I have an MBA, PhD or BS before I start my business?

Which of the following risk factors must/should I worry about the most in my business decisions: hiring, firing, finances, legal, accounting, record-keeping, marketing, sales, income taxes, insurance, interest rates, cash-flow, human resources, contracts, etc?

How much money do I have to borrow to grow my business?  Is capital available at reasonable rates?

Which part of the Federal Register should I read before, during, or after I start a business?  Does the average person get to suggest changes in the Federal Register, if not, why not?

Are you on track to stash away 11 times your annual salary for retirement? That's just one step to being a financially independent retiree, according to MarketWatch columnist Robert Powell. 

Life, Liberty, & the Pursuit of Happiness

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