The National Federation of Independent Business(NFIB) survey shows that business owners have put their expansion plans on hold. Only 16 percent of businesses plan to make capital investments in the next three to six months, just half the rate before the recession. Unsurprisingly, hiring has also stalled. More small business owners now plan to cut jobs than to increase them over the next three months.
Venitist Rea Hederman points out that as long as entrepreneurs remain skeptical about their expansion prospects, job creation will remain low and unemployment unacceptably high. The NFIB asked small business owners about the single most important problem they faced. Their three most common responses were poor sales (32 percent), taxes (24 percent), and government regulations, corruption, and red tape (11 percent). While kleptocrats can do relatively little about poor sales, they have direct control over both the tax and regulatory burden businesses face.
Venitist James Sherk asserts that if kleptocrats want to reduce unemployment, they should reduce the barriers to business success. Specifically, kleptocrats should:
* Pass legislation placing a moratorium on any tax increases until unemployment falls below 5 percent;
* Eurokleptocrats should abolish VAT;
* Amerikleptocrats and Eurokleptocrats, especially the untouchable Graecokleptocrats, the most corrupt politicians on Earth, those freaks that enjoy full impunity and full parliamentary immunity, should drastically reduce their kickbacks and corruption;
* Rescind the unspent stupidus stimulus spending to reduce the deficit and allay entrepreneurs' concerns about future tax increases;
* Not vote on the financially harmful cap-and-trade or card-check proposals in this session;
* Prohibit the regulation of CO2 under the Clean Air Act, which would place another burden on small and medium-size businesses;
* Cap punitive damages, limit the ability of lawyers to file class action lawsuits, and prevent jury shopping to obtain favorable verdicts;
* Repeal Section 404 of the Sarbanes-Oxley Act;
* Reduce energy costs by reducing the regulatory burden on domestic energy production; and
* Suspend the Davis-Bacon Act until the unemployment rate falls below 5 percent, stretching federal construction funding further and enabling small construction contractors to bid on federally funded projects.
These steps would increase entrepreneurs' confidence in their business success and encourage more private-sector investment and hiring. More entrepreneurial activity, not more government spending, holds the key to an employment recovery.
The December jobs report showed that job losses slowed but continued throughout the entire year. Businesses are not increasing hiring in part due to the fears of an activist government agenda that makes labor costs uncertain. Right now, businesses cannot project their labor costs due to the hidden discussion of the health care bill.
Hederman asserts that businesses like predictability, and they are unlikely to increase hiring in the current economic climate. Kleptocrats should attempt to spur hiring instead of increasing costs through new regulations and legislation.
As far as EU is comcerned, VAT has to be abolished now. Venitis asserts that VAT is a trademark of slavery and a destruction power of myriad watts. VAT is the main culprit of the Fourthreichian financial meltdown. The Fourthreichian taxation is based on the VAT monstrosity against poor people! The most unfair tax is VAT, the calamity of Fourth Reich(EU); that's why Vatbuster Venitis urges all Fourthreichians to evade this tax of misery as much as possible! Fourthreichians are yoked with a 15-25% VAT, value added tax. In Canada, VAT is only 5%. The burden of VAT falls on final consumers of products.
VAT, aka kleptocrat's grab, is a regressive tax; the poor pay higher percentage of their income. Revenues from VAT are much lower than expected, because they are difficult and costly to administer and collect. Since any double-digit VAT leads many venitists to underground economy, most vatstruck Fourthreichians evade VAT! As a matter of fact, if you are a real patriot, you should boycott shops that charge VAT! VAT is the cacothanasia of Fourth Reich!
Both US and EU have to lower their taxes now. Venitis asserts that when an economy suffers from erectile dysfunction, via-grab does not work, but only via-cut. The via recommended is to cut taxes, not grab more taxes. There are limits to how much government can tax before it kills the host. Even worse, when government attempts to subsidize prices, it has the net effect of inflating them instead. The economic reality is that you cannot distort natural market pressures without unintended consequences. Market forces would drive prices down. Government meddling negates these pressures, adds regulatory compliance costs and layers of bureaucracy, and in the end, drives prices up.
It's your venitist duty to avoid and evade taxes all the way! Venitis points out that tax competition between jurisdictions holds down the cancer of government, and all people experience more opportunities and more wealth. If businesses and individuals are discouraged from investing outside their own jurisdictions, they will simply choose to work less and take no major business risks. All antivenitist governments are corrupt, and without the last bastions of freedom, aka taxhavens, enforcing financial privacy, citizens would have no place to protect their financial assets from kleptocrats, kidnappers, extortionists, blackmailers, and thugs. Evade taxes now as much as you can! Allons enfants de la Patrie!
Basil Venitis, twitter.com/Venitis, points out Eurokleptocracy, gigaregulation, Antitrust Armageddon, and gigataxation, especially VAT, are the real causes of the European financial meltdown. Democracy in Fourth Reich(EU) has deteriorated to kleptocracy, and Fourthreichians, aka Europeans, are mad as hell. Eurokleptocracy thrives on waste, fraud, abuse,and kickbacks(WFAK), and wfakked Fourthreichians who don't know what they're talking about. European Union(EU), aka Fourth Reich, an illegal unvoted confederation, condones the European Commission(EC), aka Eldorado of Corruption, the European Parliament(EP), aka Eldorado of Prostitutes, and Graecokleptocrats, the most corrupt politicians on Earth. No Graecokleptocrat has ever gone to jail! Venitis asserts that impunity of Graecokleptocrats is the most freakish justice in the world!
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