CEO threatens workers jobs if Obama is reelected

[yobore]

Amazing how many CEO's this year don't understand that their taxes are based on what they made after their expenses, which include paying their employees. Lower or higher taxes doesn't play into how much a company expands or lays off its employees. It is all about demand.

[joe]

Are we gonna act like we don't see the real issue here?


The problem with what he said to his employees is that he telling them HOW to vote.

Nobody is saying he should go under... If he wants to close his business? then, that is his prerogative, but "warning" his employees about it is an obvious threat and an attempt to intimidate them into voting a certain way.

That's crazy... Americans dont go into voting booth to vote for their boss's candidate..

They go in to vote for their own candidate...

Between all the voter suppression with guys throwing registration forms in the dumpster, to these f'd voter I'D laws, to the supposed "mistake" in translation telling latino folks to vote on the 8th instead of the 6th?

This sh*t is starting to get out of control..


Its got to stop..

So it's okay to fire people if the President's tax code deems it necessary, but it's not okay to tell your employees about it? Those are the rules? Seems like a pretty arbitrary moral boundary.

[Sarcastic]

So it's okay to fire people if the President's tax code deems it necessary, but it's not okay to tell your employees about it? Those are the rules? Seems like a pretty arbitrary moral boundary.

So the rate of employment is related to the tax code? If we went to 0 taxes, we would have 100% employment? Is that what you are saying?

[andgar923]

None of this is race related

[joe]

So the rate of employment is related to the tax code? If we went to 0 taxes, we would have 100% employment? Is that what you are saying?

The rate of employment is definitely related to the tax code. How could it not be? Businesses are all about cost and profit, and taxes are part of the cost. The higher the "cost" of paying your taxes, the more it effects your ability to do anything else. That includes paying worker salary

[bdreason]

This type of rhetoric can only backfire. He most likely convinced more people to vote Obama.

[bdreason]

And to be honest, I'm not sure how this is legal. At least it shouldn't be. He has a lot of balls mailing something like this to his employees though. I would be insulted.

[Sarcastic]

The rate of employment is definitely related to the tax code. How could it not be? Businesses are all about cost and profit, and taxes are part of the cost. The higher the "cost" of paying your taxes, the more it effects your ability to do anything else. That includes paying worker salary

But if the total cost of doing business goes down due to tax rates going up, then why would employers not employee more workers?

[JtotheIzzo]

republicans and their rich friends are getting out of control...

The reason there are unions is because of situations like this. Republicans talk a big game about how much they love freedom and all this other happy horsesh*t...

telling people how to vote under the threat of losing job is about as anti-freedom, anti-american as it gets... but these clowns talk about saving america? lol

Truth is that these guys love only power and their own capacity to fulfill their greedy little fantasies of making the world their own little playground

the hypocrisy is astounding

nailed it

[MMM]

The rate of employment is definitely related to the tax code. How could it not be? Businesses are all about cost and profit, and taxes are part of the cost. The higher the "cost" of paying your taxes, the more it effects your ability to do anything else. That includes paying worker salary

If a company is losing money and operating with a small debt, then how does the taxcode impact them??? wouldn't that company not pay any federal taxes to begin with.

[MavsSuperFan]

If a company is losing money and operating with a small debt, then how does the taxcode impact them??? wouldn't that company not pay any federal taxes to begin with.

The conservative argument here is that high tax rates reduce the profits that a successful business would generate, since the higher tax rates would eat into potential profits. The key here is that profit isn't guaranteed for every successful business venture there are multiple failures. Humans being risk adverse require higher returns to justify the risk of financial loss. If tax rates increase the argument is that potential after tax profits are decreased and thus certain investors are discouraged from pursuing an economic venture because they have calculated the potential after tax profits are no longer high enough to justify the risk inherent in business. Also they can move the location of their investment to an area with lower tax rates.

The Laffer Curve is a theory that if you taxed at 0% you would generate $0 of revenue, and if you taxed at 100% you would also generate $0 in revenue. This is due obviously to the fact that all economic benefits have been removed. I feel that this theory is accurate.

The disagreement between conservatives and liberals is to the shape of the Laffer curve. Conservatives generally believe in a symmetric Laffer Curve as depicted in the photo below (I hope this works)



Liberals/Keynesians believe in a asymmetric Laffer curve that favors the right side.



As you can see Keynesians like myself believe that higher tax rates will generate higher revenues, but until rates become too extreme. Its important to find the proper rate to tax high income individuals. I think most reasonable people would agree current rates are too low, and should at least increase to the clinton era rates. Even the reagan rates were much higher than the clinton rates.

[Rasheed1]

The rate of employment is definitely related to the tax code. How could it not be? Businesses are all about cost and profit, and taxes are part of the cost. The higher the "cost" of paying your taxes, the more it effects your ability to do anything else. That includes paying worker salary

stop being ignorant joe... The tax increase for the wealthiest Americans would move up maybe 4%..

These guys arent gonna be taxed into oblivion, they are just GREEDY. These guys have done well under Obama, the only thing that is hurt is their huge egos.

the whining and crying and acting like Obama is gonna usher some draconian tax code change is just another republican lie...

stop it..

[Jailblazers7]

Last time I checked the business world wasnt an apocalyptic wasteland before the Bush tax cuts in 2001...

[REACTION]

stop being ignorant joe... The tax increase for the wealthiest Americans would move up maybe 4%..

Wait, is this CEO complaining about potential increases in personal income taxes or corporate taxes? If it's personal income, then I don't see how that would even impact his business operations.

[joe]

stop being ignorant joe... The tax increase for the wealthiest Americans would move up maybe 4%..

These guys arent gonna be taxed into oblivion, they are just GREEDY. These guys have done well under Obama, the only thing that is hurt is their huge egos.

the whining and crying and acting like Obama is gonna usher some draconian tax code change is just another republican lie...

stop it..

Why are the business owners greedy for wanting to keep the 4%, the 4% THEY EARNED mind you, but it's somehow noble when the government gets it?

Government is just as greedy as business. Government has a huge ego just like business.

The government plans to collect 2.3 TRILLION DOLLARS in income tax in 2013. For comparison, the gross profit of Microsoft from September 2011-September 2012 was $57.39 billion. Whoa! Here's what needs to stop- people acting like the government is some poor orphan child with no money.

If government can't make due with that much, I have no sympathy for them. They're a wasteful group with no concept of fiscal responsibility. I'd much rather have Bill Gates privately investing his money than the government metaphorically sniffing cocaine off strippers asses, at the taxpayers expense.