Will Obama's economic policy create 40 million MORE jobs, do you think?
Government Jobs Waste Money.
Do we even have to dispute it? If you need help understanding, click here to go to the special Liberals' help page.
Yes, we do, for the Teleprompter President with his coterie of lapdog "journalists" spit out Marxist jargon over and over again without questioning it. "Obscene profits!" bellows Obama about oil companies. How can profit be obscene? Profit is the harvest, the fruit of labor, the plus versus the negative. Profit is life, and the promise of life's continuance. Deficit is death, dearth of what one needs to live, and spells poverty and hardship.
Liberal pop-economics conclude that all you have to do is raise taxes and take away from rich people what is theirs in order for there to exist true happiness, economic equality, and economic stability. Anyone believing this is mad, or inebriated, or brain-challenged in some way.
Or, just power-mad.
The numbers don't and cannot add up. Why? Because a government job NEVER CREATES PROFIT. It is a DEAD END, aside from what the government worker pays back in taxes, what he buys from merchants, and what he invests in banks or other places.
The American Liberal is a sad creature indeed.
Unable to perform simple mathematics, they spend their time trying to convince the rest of an unbelieving world that their GOVERNMENT SOCIETY is the best of all possible human worlds!
This is truly tragic. Worse for the rest of us is the fact that the News and Entertainment Networks are filled with them, and are run and managed by them. So, we all get to hear non-stop about the "evils of Capitalism!" [oooooo!] and the "greedy oil companies" [baaaaad money-grabbers!] and the evil ONE PERCENT [oooo oooo oooo!].
Here is though the bottom line: Government money is NEVER of any use to anyone, if isn't spent upon the entrepreneurs.
OK. Now, Liberals, the following is MATHEMATICS! Will you be OK? Hope so.
We at Hear Us Now USA understand that Economics is a very trying field to understand, and full of conundrum! For instance, I got to meet Milton Friedman while I worked at the faculty lounge of the Quadrangle Club, University of Chicago. I frequently waited on his table and served him lunch. He had a new book out, "There Ain't No Such Thing as a Free Lunch."
I was working for tips, and a free lunch...A real head-scratcher, ain't it? Tasted real enough!
So, if you are a Liberal, and that little anecdote stumped you, and you'd like to go to our very special help page, click here. Might help you get it.
NOW, on to the lesson!
Corporation and employees are all taxed at 20% rate.
20% = Tax Rate in this model, corporate and personal
15% = Corporate Profit margin
$50K = Median Wage
Ok, here goes!
Barack Hussein Obama gives one of his campaign contributors a job managing FOUR government workers, all at the minimum wage.
They make, all together....ready? Did you do the Math already?
The Government workers make $200,000
Very good! Now, what is their tax payment BACK to the government?
The Government workers pay all together $40,000 in taxes.
Excellent! So, the President taxes some BAD profit-maker, dips his little dipper into the Tax Revenue jar, and throws $200,000 on the table for his campaign contributor. He gets $40,000 of it back in taxes. RIGHT?
Now, the business man entrepreneur, he has a business that brings in GROSS - that is, the money before anyone is paid, or any expenses or costs are paid out - $10,000,000. He pays himself $50,000, and has three employees also making $50,000 each.
How much does the company pay in taxes?
@Profit margin 15%, Corporation has $1,500,000 in taxable income
Very good! That was a trick question on my part. The Corporation first has to pay off its expenses, and salaries, etc.
The Corporation will pay $300,000 in corporate taxes.
Good, again. That is correct. Now,what about the employees?
The Four Employees will pay $40,000 in taxes, all together.
So, how much tax revenue did that Corporation generate for the Government?
The corporation generated $340,000 in Government Revenue.
How many Government workers did that $340,000 pay for?
Almost 7, at the median wage of $50,000.
Yes, that is correct. So, if the President wanted to have 8 new workers in government, he'd need to have another Corporation like the one above to pay for them right?
Yes, that is one model that would work.
So, if there are two million Government workers, how much in total profit would this Corporation have to make to pay for them?
First, 2 Million times $50k = $100 Billion
Second,$100 Billion in Government wages divided by the $1.5 million the Corporation made.
That's right! How many, then?
He would need 67 thousand companies, with 267 thousand workers.
Right again! And how much in gross revenues would those 67 thousand companies make?
The $1,500,000 tax revenue would mean that BHO would need 67 THOUSAND such companies to pay for 2 million median wage-earner salaries. These would need 267 THOUSAND private sector workers to pay for those 2 million government workers.
QUESTION: How many such companies will it take to offset the $15 Trillion in debt the U.S. has now for its budget?
$15,000,000,000,000 divided by the $1.5 million or sample company made = 10 million MORE of such companies, with 40 million MORE jobs required.
Will Obama's Policies create 40 million MORE jobs, do you think?