A crazy idea is apparently sweeping through the minds of those brilliant fat cats down in Washington: what if capitalists were rewarded for hiring workers? I guess we are setting aside the idea that businesses are already rewarded for hiring workers, because workers create the "things" that businesses "sell." But hey! There are a number of "ideas" floating around. Here is one: "For example, hiring a worker might cost a small business $50,000 annually. But with the tax credit, the cost would fall to $42,350 in the first year, and then be $44,900 the next year. After that, the cost would return to $50,000." And that's when the slight rise in employment would be devastated by mass layoffs. Hilariously, some people are apparently calling this "corporate welfare." You know what is corporate welfare? Not denying massive tax credits to all the corporations that kicked thousands of employees to the curb during the recession. Also then the Times quotes experts, such as an attorney from the "National Federation of Independent Business." Yes, America's third-biggest lobbying outfit, according to Fortune-which spends most of its time lobbying against "the death tax." Interestingly, this outfit scoffs at the idea, even as their latest survey claims that "The 'job generating machine' is still in reverse."
Wednesday, October 7, 2009
9

Cash for clunkers for business? You know what else might help? lifting the healthcare burden. But seriously, if we remain so heavily reliant on consumers for economic growth we're fuuuuuuuuuuucked no matter how few extras we add to the employment rolls it will never get back to where we were. Why is nobody floating a New America that Just Does with Less idea?
MAybe you shoudl read the papers "President' BARACK HUSSEIN OBAMA is 'floating" that idea, its called COMMUNISIM and if you likeit so much maybe u should MOVE tTHERE.
OBAMA will be the deathof us all.
Well played!
LOVEe the cRAZY CAPS !!!
Indeed. Bravo. It is only missing one of those little statement doohickeys at the end... like: "Got Money?? Don’t Let the Government Know" or "Money Only Grows on ACORN Trees"
MOVE wHERE?
Thank you, guys. When I wrote that yesterday, I was in a part of the Midwest where my Obama bumper sticker was apparently notable enough for a black dude to wave and give me the thumbs up, so maybe that helped.
And I thought "Money Only Grows on ACORN Trees" might be a joke (and was like, "That's awesome, Abe!"), but I just Googled it, and wow, wow.
"If you want to call your soul your own, Vote Conservative."
Thanks for that, guys. Lolzamillion.
A tax break for hiring servants? Sounds great. It's about time the rich were rewarded for helping out the poors.
I fervently disagree with you on this. You are working on the assumption that the economic downturn is permanent, which is illogical. By getting businesses to hire now, they can take the savings in the short run and, once those people are back to work and buying goods and services, afford the employees two years from now. It's not bad policy.