Archive for June, 2012
It is amazing sometimes the amount of political rhetoric on TV, especially when it comes to our economy, taxation, and the business community. Speaking of the business community, we all know that the small businesses in the United States employ about 75% of the people, and that 10% of the US population enjoys owning one of their own. Nevertheless, it is the biggest sector of our economy, and one which we must pay particular attention to if you wish to lower our unemployment rate. Okay so, let’s talk about this for second shall we?
There was an article in Washington Technology News on June 11, 2012 titled; “White House pushes small buys for small business,” by Mathew Weigelt which stated that the Federal Government would be issuing more smaller contracts to smaller companies, contracts under $250,000 which I suppose is supposed to be proof that criticism that the Administration “doesn’t care about small business is false.” However, to me what it clearly says is that Washington DC has no clue, so whether they ‘care’ or not is immaterial.
Independence Day, the 4th of July, fireworks, it is all about celebrations, and celebrating our Independence as an American, but not to state law makers in Michigan. It seems to be all about “GREED” when in need. All the unrealistic, unethical practices of governments elected officials at work. A recent proposal to a change in the states long overdue fireworks laws is about to cripple the fireworks business in a state where the business forecast is far from sunny. State House Representative Harold Haugh has introduced a bill in the house House Bill-5999 of 2010 that will increase the unemployment rate and force small fireworks companies to leave the state. Let me mention that Mr. Haugh is also a representative in one of the areas where most of the larger companies, including General Motors have made the choice to leave also.
It is really becoming clear that as managers of a state which is operated as a corporation, the job just is not getting done, but the real question is why do these elected officials still have a job. Mr. Haughs proposal is one that would kiss your independence day celebration good bye for fireworks companies in Michigan due to the $5000.00 per year licensing fee that he has proposed. As we examined this proposal we do see some benefits if all businesses are charged a $5000.00 licensing fee. Mr. Haugh has clearly singled out the fireworks businesses making claims that hold no merit whatsoever other than greed. If Michigan fireworks companies fold or are run out of the state, Ohio, Indiana and Wisconsin would love that. The purpose of the bill in the first place is to generate additional sales tax revenues that the state was losing every year to the states mentioned. Mr. Haughs proposal will guarantee those sales tax revenues to Ohio, Indiana, and Wisconsin for many years to come. You could call it the sealed in cement theory if you would like.
Attorney Harvey Wax has been widely interviewed regarding a law school rejection letter he received. In 1957, before the advent of the Internet and online applications, Wax wrote a series of letters to Ivy League universities in application to their law schools. Princeton turned him down, with this response: “In reply to your recent letter, I regret that we must inform you that Princeton University has no law school.”
Wax’s letter is featured in a new book by Bill Shapiro called Other Peoples Rejection Letters, according to a CNN report. He went to Harvard Law School.