How Will You Pay for all the New Social Programs?
When I hear people talking about how much better off they’ll be when the government implements the new programs they have planned, I feel pretty certain they don't understand how these new programs will be paid for. These unfortunate people think that you and I, as businessowners, will be picking up the tab for these entitlement programs. And they are partially right; the government will raise my taxes to pay for these programs. But, I won’t be taking the hit alone, they'll feel it too.
Here’s how it really works. If, as a businessowner, my taxes go up $30,000, then one of my employees will be let go. If my taxes go up $60,000, then two of my employees will be let go. The employees who still have jobs will just have to work harder. In addition to the job losses, I'll probably have to charge more for my product or service.
So, the question is, “How much better off are they really?”
Here’s how it really works. If, as a businessowner, my taxes go up $30,000, then one of my employees will be let go. If my taxes go up $60,000, then two of my employees will be let go. The employees who still have jobs will just have to work harder. In addition to the job losses, I'll probably have to charge more for my product or service.
So, the question is, “How much better off are they really?”
your article is admirable. that is truth you shared. i really liked it.
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