Layoffs are about Economics Not Revenge

Layoffs are about Economics Not Revenge

Posted in the Cookeville Forum

Gator

Cookeville, TN

#1 Nov 12, 2012
Layoffs are about Economics Not Revenge
A number of companies are threatening job layoffs. Applebee’s restaurants and Papa John’s Pizza Company are coming under liberal public pressure by calls of a boycott. The boycott advocates are assuming that the layoffs are about “revenge” because President Obama won reelection. Let’s say it is revenge. Isn’t that what Obama said elections were about?
In reality, it’s not about revenge; it’s about economics, something liberals do not understand or believe they can overcome by the force of their liberal will. When companies are taxed or forced to comply with draconian healthcare regulations, something’s got to give.
Liberals will say,“Just raise prices.” Easier said than done. People make purchasing decisions based on price. Eating out is a luxury for many people. If prices go up, a percentage of people will cut down on eating out. This will mean layoffs.
Those boycotting will also bring about layoffs since business at these companies will slow. The very thing the boycotters want to avoid – layoffs – they will cause – layoffs.
The way to increase job creation is to lower taxes, cut government spending, and get government off the backs of business.
Consider the luxury boat business. When Congress wanted to raise some money, it decided it would go after rich people who could afford a luxury item like high-priced boats. If the rich have a price threshold, then poor people and the middle class also have a price threshold on lower priced items.
Congress believed it could painlessly raise taxes and help the middle class by applying a 10 percent luxury tax on yachts priced at more than $100,000 and on private planes that cost more than $250,000. The 10 percent tax applied to the amount of the cost above $100,000, so that a boat selling for $300,000 carried a $20,000 luxury tax in addition to any state or local sales tax. Keep in mind that these luxury items were purchased with after tax income. Even rich people will say no to a purchase when the cost exceeds a certain price threshold, a threshold that cannot be determined by bureaucrats and congressmen.
Congress believed that rich people who can afford the 10 percent tax would be helping the average tax payer and pay down the debt (which never happens). But it didn’t work the way Congress had hoped. The boating business was hit hard with numerous layoffs and bankruptcies. The people who could afford to purchase high-ticket items kept their money, bought something else, or invested it while “Overall employment in the industry, including the makers of smaller, less-expensive boats,... dropped to 400,000, from 600,000 in 1988.”
In their rush to fix something, Congress created innumerable other problems. In the end, the people the new tax legislation was designed to help ended up being hurt.
Who was hurt most by the tax? The people who built the boats since many of them had to be laid off when boat sales dropped.
As they say, you can’t fix stupid and liberals are economically stupid or they are economically malicious. They don’t really care about the economy. They are mostly concerned about the elusive elixir called “equality” of outcome.
President Obama calls this “the rich paying their fair share,” as if they don’t already pay the majority of taxes.
Jenni

Cookeville, TN

#2 Nov 12, 2012
Job lose is not a problem, all you have to do is sign up for unemployment . That will last for months, really! lets see what they do when the economy crashes.
obviously

United States

#3 Nov 12, 2012
Dateline had a show where there were jobs out west, but people were too damn dumb to do the job. No comprehension or retaining information. People couldn't even do a simple resume. It did show some people receiving training and happy that they would have a good job. When and if jobs ever come back, will people have the simple comprehension skills to perform them? I believe a lot of people are just too lazy and have no desire to work.
Hungry Hippo

Cookeville, TN

#4 Nov 12, 2012
Ok so No jobs = No money coming in to pay for people like Teddy Bonkers welfair.
Economy collapse = no more free stuff No more Social Security No More SSI No More Medicaid. What ever will these people do? When They DO WITHOUT ? Lol sorry
But if you thought Obama wining the election is good for you Just wait folks. The jokes are on you.
listen

Sparta, TN

#5 Nov 12, 2012
Hungry Hippo wrote:
Ok so No jobs = No money coming in to pay for people like Teddy Bonkers welfair.
Economy collapse = no more free stuff No more Social Security No More SSI No More Medicaid. What ever will these people do? When They DO WITHOUT ? Lol sorry
But if you thought Obama wining the election is good for you Just wait folks. The jokes are on you.
Great post!
IMHO

Livingston, TN

#6 Nov 13, 2012
obviously wrote:
Dateline had a show where there were jobs out west, but people were too damn dumb to do the job. No comprehension or retaining information. People couldn't even do a simple resume. It did show some people receiving training and happy that they would have a good job. When and if jobs ever come back, will people have the simple comprehension skills to perform them? I believe a lot of people are just too lazy and have no desire to work.
Probably not. Hell, the guys who work for us can't even figure out how to keep equipment from running out of fuel, with two 5 gallon cans sitting next to the equipment. You need to read Dick Military's "Is This You" post. What you're describing out West is everywhere.
listen

Sparta, TN

#7 Nov 13, 2012
Jenni wrote:
Job lose is not a problem, all you have to do is sign up for unemployment . That will last for months, really! lets see what they do when the economy crashes.
Unemployment extensions will be stopped Dec.29, 2012 for everyone. It's back to just the 26 weeks. This was on the news yesterday.
WTH

Cookeville, TN

#8 Nov 14, 2012
listen wrote:
<quoted text>
Unemployment extensions will be stopped Dec.29, 2012 for everyone. It's back to just the 26 weeks. This was on the news yesterday.
I hope all the couch taters read this lol
POPO

Ventura, CA

#9 Nov 15, 2012
What a bunch of lame brains. It's so obvious CEOs are throwing tantrums and as usual, it's the little guy who gets it in the can. Record profits are being posted in many industries, and all these babies can whine about is how they are being taken to task for doing the Christian thing. They should rot in hell.

Since: Nov 12

Location hidden

#10 Nov 16, 2012
It's like in nature.... When a cat weans her kittens to become independent she gets up and doesn't let them feed anymore. Either our government needs to learn when to get up to get all these kittens off its teets or the money makers in society need to find a way to cut off the supply of our incomes by turning in welfare abusers and voting to remove people that don't protect America's greatest resource- it's hardworking people.
Paul

Cookeville, TN

#11 Nov 16, 2012
Hungry Hippo wrote:
Ok so No jobs = No money coming in to pay for people like Teddy Bonkers welfair.
Economy collapse = no more free stuff No more Social Security No More SSI No More Medicaid. What ever will these people do? When They DO WITHOUT ? Lol sorry
But if you thought Obama wining the election is good for you Just wait folks. The jokes are on you.
Great post yes I see that name Teddy Bomkers anytime I log in on topix if people like that can play on the computer they can work.
Too many of those kind that don’t want to work

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