Cecilie1200
Diamond Member
I own three fully functional small town bakeries. In each I spent several years being the main baker first learning the business then teaching it to others so they could run it for me. Eventually though, I needed parts for my ovens which were no longer being manufactured so I went to a local machine shop. The owner and I got along well ( especially because I was a CNC machinist for seven years before I started my first bakery ) and eventually I invested in his business. Eventually he wanted to retire so I bought him out. I found a few more cleints and saw an opportunity to gain an account that required a major expansion. I split off a several of my employees into a new busiess to serve that signle account, but eventually expanded to include sevral other accounts. The first machine shop is pretty much a job shop. Small runs of parts from 10 to 1000 parts. The second is in constant production where we run about 30 different parts at least 20,000 parts each year.
The chemical business is something Im trying from scratch. Its a new industry that I think has a lot of potential for accumulating some serious wealth. Better than 1% type wealth. It could pan out...but it could not. So its not something Im putting a lot of eggs from my basket into.
Im a member of the local chamber of commerce and even ran for county commissioner several years back ( I lost oh well ).
I also took over my fathers rental properties for him after he needed triple bypass surgery and couldnt run them himself. He had it soooo screwed up. The last time he rented from anyone all that was reuired was a handshake and he just didnt get that times had changed. I set up his company with background check providers and got the delinquent renters out of his properties and got new paying customers in. When I stepped into his business, it was hemerraging money, when I stepped out, it was in the black. My friends at the time used to joke that I was a part time slum lord.
I did have one major failure. The local dry cleaner was going out of business and I thought I could turn that business around and turn a profit doing it. But I couldnt. It took far too much of my time and I found I couldnt really trust others to do the work well. Half assed work drives away customers. I lost a lot of money on that one. Ah well. Such is life.
So hey, mock all you want. I have two houses, five kids, one granddaughter and while the economy has slowed me down, it hasnt devastated me ( though my father in law went from millions in the bank to working nights at wal mart. I offered to stake him in a new business but he says hes done with it. He helped me greatly over the years so I wish hed take it but thats a whole other story. ) Your mockery doesnt change the fact that I am correct in my assertion that success is not predicated solely on the acts of the individual but also of the group within the business itself.
What about the gov't? Do you think you owe more in taxes cuz the gov't built roads and bridges and stuff with our tax dollars? How much credit do you think they deserve for your success?
I owe what the government asks of me. If Reagan say 28% I owe 28%. If Clinton say 39%, I owe 39%. And if Obama wants to go back to 39%, and its passes, then THAT is what I owe.
If I dont like the tax rate, I am more than within my rights to petition my senator and congressperson and ask them to propose changes.
What I do not do is whine about how I "earned" my money and how dare these "parasites" try to sponge the sweat of my brow, the fruit of my labor. I dont whine that my success puts me in a higher tax bracket. Its like movie stars who whine that they lost their privacy. Everytime I see one on TV complain about it I yell at the TV," Thats what 12 million dollars for 6 weeks of work gets you asshole! Good trade! "
Same thing. Im in a higher tax bracket. I pay more in taxes. But I bring home more than most people as well.
Good trade.
Owe them morally, ding dong, not owe them legally. I'd be nice if you leftists quit trying to evade arguments about what the laws should be by citing what they are at the moment.
No one's "whining" about being successful enough to go into a higher tax bracket. Another evasion on your part. The problem - which is quite real, even if you and your fictional businesses just smile happily and say, "Whatever you want, Papa Government!" - is being treated like the goose that lays the golden eggs, BEFORE the townspeople realize that gutting it is a bad idea.