Home › Forums › Financial Markets/Economics › Job Creation w/o Added Debt, Taxes or Inflation
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December 1, 2008 at 10:10 AM #310686December 1, 2008 at 10:28 AM #310625crParticipant
“Small businesses, those having fewer than 500 employees, loom large in the U.S. economy… Their share of nonfarm GDP reached 50.7 percent in 2004.“Of the nearly 26 million firms in the United States, most are very small — 97.5 percent — have fewer than 20 employees,” the U.S. Small Business Administration says. “Yet cumulatively, these firms account for half of our nonfarm real gross domestic product, and they have generated 60 to 80 percent of the net new jobs over the past decade.”
To start, lower their taxes and cut Gov’t spending.
December 1, 2008 at 10:28 AM #310691crParticipant“Small businesses, those having fewer than 500 employees, loom large in the U.S. economy… Their share of nonfarm GDP reached 50.7 percent in 2004.“Of the nearly 26 million firms in the United States, most are very small — 97.5 percent — have fewer than 20 employees,” the U.S. Small Business Administration says. “Yet cumulatively, these firms account for half of our nonfarm real gross domestic product, and they have generated 60 to 80 percent of the net new jobs over the past decade.”
To start, lower their taxes and cut Gov’t spending.
December 1, 2008 at 10:28 AM #310608crParticipant“Small businesses, those having fewer than 500 employees, loom large in the U.S. economy… Their share of nonfarm GDP reached 50.7 percent in 2004.“Of the nearly 26 million firms in the United States, most are very small — 97.5 percent — have fewer than 20 employees,” the U.S. Small Business Administration says. “Yet cumulatively, these firms account for half of our nonfarm real gross domestic product, and they have generated 60 to 80 percent of the net new jobs over the past decade.”
To start, lower their taxes and cut Gov’t spending.
December 1, 2008 at 10:28 AM #310583crParticipant“Small businesses, those having fewer than 500 employees, loom large in the U.S. economy… Their share of nonfarm GDP reached 50.7 percent in 2004.“Of the nearly 26 million firms in the United States, most are very small — 97.5 percent — have fewer than 20 employees,” the U.S. Small Business Administration says. “Yet cumulatively, these firms account for half of our nonfarm real gross domestic product, and they have generated 60 to 80 percent of the net new jobs over the past decade.”
To start, lower their taxes and cut Gov’t spending.
December 1, 2008 at 10:28 AM #310219crParticipant“Small businesses, those having fewer than 500 employees, loom large in the U.S. economy… Their share of nonfarm GDP reached 50.7 percent in 2004.“Of the nearly 26 million firms in the United States, most are very small — 97.5 percent — have fewer than 20 employees,” the U.S. Small Business Administration says. “Yet cumulatively, these firms account for half of our nonfarm real gross domestic product, and they have generated 60 to 80 percent of the net new jobs over the past decade.”
To start, lower their taxes and cut Gov’t spending.
December 1, 2008 at 11:19 AM #310701UCGalParticipantBut small businesses in the wrong sector will fail.
My husband works for a small business. It’s gone from 17 full time employees a year ago. Today they have 5 part time employees. Mandatory part time. Why? Not because they aren’t good at what they do – but because they’re in the wrong sector. They’re architects who do non-residential work… NO ONE is hiring architects to build new commercial buildings, hospitals, schools, etc. Very few tenant fit-outs happening right now. Companies are cutting costs – including on facility improvements. No one is investing in new construction. The AIAA has been reporting the decline in billable hours for a while now.
Unless you start or continue a small business in a sector that has potential short term growth, tax cuts aren’t going to help.
Most people who start a business do so in an industry or sector that they have the skills for. When things are good – service industries grow and thrive, even for less educated business owners… you can start a home cleaning business, or personal shopping, etc. But that doesn’t work if everyone is cutting back and counting pennies.
Being a small business isn’t enough to guarantee success.
December 1, 2008 at 11:19 AM #310618UCGalParticipantBut small businesses in the wrong sector will fail.
My husband works for a small business. It’s gone from 17 full time employees a year ago. Today they have 5 part time employees. Mandatory part time. Why? Not because they aren’t good at what they do – but because they’re in the wrong sector. They’re architects who do non-residential work… NO ONE is hiring architects to build new commercial buildings, hospitals, schools, etc. Very few tenant fit-outs happening right now. Companies are cutting costs – including on facility improvements. No one is investing in new construction. The AIAA has been reporting the decline in billable hours for a while now.
Unless you start or continue a small business in a sector that has potential short term growth, tax cuts aren’t going to help.
Most people who start a business do so in an industry or sector that they have the skills for. When things are good – service industries grow and thrive, even for less educated business owners… you can start a home cleaning business, or personal shopping, etc. But that doesn’t work if everyone is cutting back and counting pennies.
Being a small business isn’t enough to guarantee success.
December 1, 2008 at 11:19 AM #310636UCGalParticipantBut small businesses in the wrong sector will fail.
My husband works for a small business. It’s gone from 17 full time employees a year ago. Today they have 5 part time employees. Mandatory part time. Why? Not because they aren’t good at what they do – but because they’re in the wrong sector. They’re architects who do non-residential work… NO ONE is hiring architects to build new commercial buildings, hospitals, schools, etc. Very few tenant fit-outs happening right now. Companies are cutting costs – including on facility improvements. No one is investing in new construction. The AIAA has been reporting the decline in billable hours for a while now.
Unless you start or continue a small business in a sector that has potential short term growth, tax cuts aren’t going to help.
Most people who start a business do so in an industry or sector that they have the skills for. When things are good – service industries grow and thrive, even for less educated business owners… you can start a home cleaning business, or personal shopping, etc. But that doesn’t work if everyone is cutting back and counting pennies.
Being a small business isn’t enough to guarantee success.
December 1, 2008 at 11:19 AM #310592UCGalParticipantBut small businesses in the wrong sector will fail.
My husband works for a small business. It’s gone from 17 full time employees a year ago. Today they have 5 part time employees. Mandatory part time. Why? Not because they aren’t good at what they do – but because they’re in the wrong sector. They’re architects who do non-residential work… NO ONE is hiring architects to build new commercial buildings, hospitals, schools, etc. Very few tenant fit-outs happening right now. Companies are cutting costs – including on facility improvements. No one is investing in new construction. The AIAA has been reporting the decline in billable hours for a while now.
Unless you start or continue a small business in a sector that has potential short term growth, tax cuts aren’t going to help.
Most people who start a business do so in an industry or sector that they have the skills for. When things are good – service industries grow and thrive, even for less educated business owners… you can start a home cleaning business, or personal shopping, etc. But that doesn’t work if everyone is cutting back and counting pennies.
Being a small business isn’t enough to guarantee success.
December 1, 2008 at 11:19 AM #310229UCGalParticipantBut small businesses in the wrong sector will fail.
My husband works for a small business. It’s gone from 17 full time employees a year ago. Today they have 5 part time employees. Mandatory part time. Why? Not because they aren’t good at what they do – but because they’re in the wrong sector. They’re architects who do non-residential work… NO ONE is hiring architects to build new commercial buildings, hospitals, schools, etc. Very few tenant fit-outs happening right now. Companies are cutting costs – including on facility improvements. No one is investing in new construction. The AIAA has been reporting the decline in billable hours for a while now.
Unless you start or continue a small business in a sector that has potential short term growth, tax cuts aren’t going to help.
Most people who start a business do so in an industry or sector that they have the skills for. When things are good – service industries grow and thrive, even for less educated business owners… you can start a home cleaning business, or personal shopping, etc. But that doesn’t work if everyone is cutting back and counting pennies.
Being a small business isn’t enough to guarantee success.
December 1, 2008 at 11:33 AM #310645kewpParticipantPigovian taxes plus a steeper progressive taxation would do wonders.
Why the wealthiest 1% aren’t paying 50% of their income in taxes is beyond me.
December 1, 2008 at 11:33 AM #310602kewpParticipantPigovian taxes plus a steeper progressive taxation would do wonders.
Why the wealthiest 1% aren’t paying 50% of their income in taxes is beyond me.
December 1, 2008 at 11:33 AM #310628kewpParticipantPigovian taxes plus a steeper progressive taxation would do wonders.
Why the wealthiest 1% aren’t paying 50% of their income in taxes is beyond me.
December 1, 2008 at 11:33 AM #310239kewpParticipantPigovian taxes plus a steeper progressive taxation would do wonders.
Why the wealthiest 1% aren’t paying 50% of their income in taxes is beyond me.
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