Embar Angylwrath wrote:Couple of notes - The guy cites Apple as an example of corporate greed, and asks where are the jobs? Well, last I checked, Apple added over 12,000 jobs in 2010.
12,000 jobs for $65 billion in revenue. Are you seriously suggesting $5 million per employee in sales is the cost of one employee?
Most benchmarks consider $150k/employee as the target for the tech industry and $200k as doing well. $5m/employee... I think "where's the jobs" is perfectly reasonable.
He says that smnall businesses only account for a little over 7% of jobs. But he has to be counting ALL jobs, both government and private, which is misleading. Of the private sector jobs, which are revenue enhancing, not sucking up taxes like public sector jobs, according to the SBA, small businesses account for 99.7 percent of all employers, employ over half the US private sector workers, pay over 44% of the US private payroll, have generate over 64% of the net new jobs in the last 15 years, create more than half the non-farm US GDP (government workers produce zero GDP), hire 40% of the high-tech workers (those are "good" jobs), and include over 97 percent of EXPORTERS, producing over 30% of known EXPORT value.
Yes, he got the number wrong (7.2% is the number of self-employed). That doesn't change his argument, in fact your entire tirade seems to have, uh, missed the point? I'm glad you can cut/paste the
SBA advocacy page though.
His point, which is entirely valid, is that increasing taxes on personal incomes over $1m would have a negligible effect on small business despite GOP lies to the contrary. I can't believe you can discount the entire story from a single wrong number (and the funny part is, when I saw it I knew it was wrong too and went out to find out where he got it and whether it ACTUALLY changed his argument instead of quitting reading).
So, if you found "a lot of it misleading and false", why can you only quote one number that's false and when you attempted to show something "misleading" you ended up trying to tell us $5m/employee was reasonable? I know it's uncomfortable reading from both sides of politics (Dems don't get a pass in there either) but it certainly is worth reading through and if you still don't like it, attempting to put together coherent arguments against the actual points made.
And of course it's a biased attack. He's a self-confessed GOP apostate. Bias doesn't mean falsehoods though, just limited counter-examples.
Dd