
This isn't particularly well written, which makes me think it's probably legit. Its certainly accurate. It's a piece on the various disincentives to hiring people in the post Obama "War On Business" world. It doesn't say anything about how useless it is to hire people with puppetry degrees whose only understanding of Economics came from the Marxism they learned in English class, but I'm sure that's not helping things either.
It's really well worth the read.
There have been times in my past when I was berated for not doing something 'real' for a living or for being a "paper pusher" who really doesn't contribute anything to the 'real economy'. This is nonsense of course. But you'd have to be foolish not to see the trend that's formed over the last 20 years where our best and brightest typically went to Wall Street instead of other careers. I think this piece explains that trend.
For someone like me, Wall Street is an opportunity to be my own boss - even when I have other bosses. Although this hasn't always been true for me personally, the general principle is that if my business is profitable, I'm protected from the politics and drama associated with most employer, employee relationships. It's a chance to be as self employed as I can, and to have as much personal control over my professional future as is available. I'm a profit center in my own right, so I don't have to worry so much about the contributions of others. If someone else drops the ball, I can simply move on and take my business elsewhere.
So why should I work for a large drug company designing new drugs? They have no choice but to treat me worse than I would treat myself. Why build bridges or skyscrapers? The EPA hates those businesses anyway and the politicians use them as tools for delivering graft campaign contributions, so the downside far outweighs the upside. Why build some other business when there are gaggles of unscrupulous lawyers out there who are waiting for an excuse to loot my efforts for a portion of the pie.
In my job I am as close to a free standing entity as I can be. It's the way I have the most control over my own economic liberty. I can't control the taxes the government takes, or the penalties it imposes. But I can limit my liability as much as possible. And working on Wall Street is how I can do that.
All these people who are talking about government imposed 'fairness' can pick each others pockets. I won't give them the chance to get into mine.

6 comments:
Happy 4th to all. Tom..Amen to working for yourself.I am single so it helps.I am also very frugal.I drive a 7 yo F-150( like it more than the Porsche I had in my youth).
The author lays it out there.Simple but effective...So much so that it makes we realize that our economic engine cant overcome the first 4 of this pos let alone another 4...
Remeber when Clinton tossed out the family leave act for employers of 50 or more? My anesthesia group held off for as long as we could to stay under that bar...
Of course BHO has finished his croissants and maybe some of that duck liver crap and a good Bordeaux.. Im sure Clooney as a good cellar...
WE ARE TOAST.
There are so many people out there that do not know the real cost of hiring someone. Even after going through all the numbers and showing why it actually costs over $21 in order to pay someone $13 per hour.
I finally threw in the towel with my own business. The government mandated costs made it impossible to make a decent profit.
Yes but think of all those people out there who are free from the risks associated with living thanks to your efforts. Surely that self satisfaction can feed you as well as your evil profits.
Tom:
Actually I got to listen (more than once) to the insane rantings of a soon to be former employee that he was being, "taken advantage of". This was on the grounds I didn't pay the equivalent of $50k+ a year plus benefits for some drywall and painting work.
It was really a surreal experience trying to hire (legal workers) over the past few years:
Skilled trade guys found it easier to stay on endless unemployment than take a small job. Would you rather make $15 an hour sitting on your ass all day or get paid $18 to go work in a hot attic? I can pay union wages (carpenters make over $100k with wages and benefits) because then no customer could afford to have the work done.
I got people with liberal arts degrees desperate for work. So they took a manual trade job. I think it was the first time in their lives they did demanding work. They didn't last long.
Something has to break here. We are becoming a third world economy.
Hell.. well said....we have 8.7 million people getting disability from government.All time high.. ??? 1 in 3.5 people in this country....Some actually deserve it.. Alot dont.Why work??
Starting The Band Of Brothers marathon...Still good after a decade...Actual heroes instead of the propaganda shit I get told everyday to justify more public spending.
Also reminds me why 1st Lieutenants got whacked alot in Nam.
Post a Comment