Date: Sun, Dec 19, 2010 at 11:56 AM
Subject: From the porter Stansbury Newsletter
To:
Porter Stansberry founded Stansberry and Associates Investment Research LLC. His
company does real-world independent research, having researched 200 companies in
the past 5 years. He publishes a monthly newsletter for investors.
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…
FWD: From the porter Stansbury Newsletter
2/08/2011 05:33:00 PM
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Key Words:
JOBS
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This entry was posted on 2/08/2011 05:33:00 PM
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13 comments:
Porter Stansberry is a lying, thieving scam artist.
Anyone surprised?
Oh, but you do have a choice! Just move to a country with more business-friendly laws than the US, and with acceptably stable and advanced utilities and work force.
Well? Go on, hop to it!
Oh, and when you get there, remind me why you're there when the US is so exceptional.
Valeyard pretty much hit the nail on the head.
Why run your business in the US - or any other 1st-world nation - when you can take it elsewhere?
It's easy - just find someplace with no evil government regulations or taxes, and set up your company!
Then, build your own infrastructure (roads, sewer, water, electric), educate your own workforce to whatever level of literacy or skill you require, and fund your own law enforcement, firefighters, and military to keep your company and your resources safe.
Also, whatever employees you hire will need at least basic food, water, clothing, and shelter to live; given the lack of any tax-funded infrastructure, you'll probably have to help procure all that stuff for them. Also, you'll either have to provide medical care (including hospital infrastructure and educated medical professionals), or find some way to ensure that you have enough workers available to make them disposable, so it won't matter when they get old, sick, pregnant, etc.
(And by the way, I'd recommend funding a really good security force, and paying them really, really well to keep you safe, because your slaves - er, I mean, your employees - probably won't be too happy with the bare-minimum existence you provide, and might decide to let you know.)
Obviously, you'll have to spend more money without the evil government providing all that stuff to you, but I'm sure the lack of taxes will totally make up for it!
Best of luck!
I would find it hard to put my trust into an investment advisor who doesn’t know the correct income tax rates apparently doesn’t realize the employer pays only half of SSI/FICA tax. And has trouble figuring out the correct amount on the inheritance tax.
The tax rates might also be wrong because this screed is really, really old.
It's not about money, or taxes, or regulation.
There are no jobs because there is no demand. When demand increases, companies will hire.
Sorry rightwing thinktank paid shill writers: the Koch brothers have just outsourced *your* jobs by recycling re-runs of outdated conservative lying b.s.
Maybe if you move to that libertarian paradies of Somalia, where there is - yippeee hooray praise Ayn Rand! - no govt, the Somalian pirates will hire your lazy slacker ass to do some pirating 'n stuff.
I listened to his message and he lied about a few things for sure. Taxes have never been so low as they are now and at least 60% of corporations already don't pay any taxes at all. You can google that information easily.
Reply to last Anon: for most conservatives, using google is tantamount to sin because if it brings up information such as you mention, then it *must* be a "liberal plot." As we all know, facts and reality have a leftwing bias. What rightwinger would dare to actually research anything when they can be lazy slackers listening to whatever rightwing peckerheads on the tv or in this RWF's tell them to think?
So what would he have the government do? Give state money to businesses or force people to work for him?
The same man who is against socialism wants it when he could benefit.
There are jobs...people just don't want to work anymore because the government gives them what they need to survive without working. Ask employers around you about the people they are interviewing. They'd rather get their unemployment than actually get off the couch. OR consider people's pride! They don't want to take a job flipping burgers cause they used to manage a call center. Instead the government pays them to NOT work for two years. Oh the great US of A!!
@ Anon
Nothing but bullshit. Potential employees are actually going to interviews and telling people that they would rather live on their small, shaky and temporary unemployment checks than have a real job? During the actual goddamn interview they applied for and showed up at? BULL FUCKIN SHIT!
Plenty of qualified people are struggling to find work. The problem is worse if you happen to be over 50, under 30, or lacking a college degree. But even people without those obstacles have been struggling to find actual full time work.
As for those "employers" who just can't seem to fill their open positions, a lot of the blame lies with them. Few are willing to invest in training employees, so they hold out until someone who is magically experienced to do the job appears instead of hiring someone who is perfectly qualified but needs some investment on their part. Other employers have decided that things are so bad entry level positions that used to pay a pittance can now be unpaid (and often illegal) internships which aren't very appealing to someone trying to make ends meat.
In a small number of cases is simply corporate bureaucracy getting in the way: one company was trying to fill and engineering position and despite thousands of applications none made it through the automated resume search for an interview. Then the company had an employee with the exact same job try his resume and his was blocked too!
Last anon nails it.
The anon preceding him/her is a FOX idiot. Turn off your TV. You will feel smarter immediately, I promise.
And don't let Rush think for you, either. He is a screeching baboon. Why in the world would you let a baboon think for you?
World is changing. Catch up.
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