a interesting read to pass along :). A letter from the boss.
A Letter From The Boss
To All My Valued Employees,
There have been some rumblings around the office about the future of this company, and more specifically, your job. As you know, the economy has changed for the worse and presents many challenges. However, the good news is this: The economy doesn’t pose a threat to your job. What does threaten your job however, is the changing political landscape in this country.
However, let me tell you some little tidbits of fact which might help you decide what is in your best interests.
First, while it is easy to spew rhetoric that casts employers against employees, you have to understand that for every business owner there is a back story. This back story is often neglected and overshadowed by what you see and hear. Sure, you see me park my Cadillac outside. You’ve seen my big home at last years Christmas party. I’m sure; all these flashy icons of luxury conjure up some idealized thoughts about my life.
However, what you don’t see is the back story.
I started this company 28 years ago. At that time, I lived in a 300 square foot studio apartment for 3 years. My entire living apartment was
converted into an office so I could put forth 100% effort into building a company, which by the way, would eventually employ you.
My diet consisted of Ramen Pride noodles because every dollar I spent went back into this company. I drove a rusty Toyota Corolla with a defective transmission. I didn’t have time to date. Often times, I stayed home on weekends, while my friends went out drinking and partying. In fact, I was married to my business — hard work, discipline, and sacrifice.
Meanwhile, my friends got jobs. They worked 40 hours a week and made a modest $50K a year and spent every dime they earned. They drove flashy cars and lived in expensive homes and wore fancy designer clothes. Instead of hitting the Nordstrom’s for the latest hot fashion item, I was trolling through the discount store extracting any clothing item that didn’t look like it was birthed in the 70’s. My friends refinanced their mortgages and lived a life of luxury. I, however, did not. I put my time, my money, and my life into a business with a vision that eventually, some day, I too, will be able to afford these luxuries my friends supposedly had.
So, while you physically arrive at the office at 9am, mentally check in at about noon, and then leave at 5pm, I don’t. There is no “off” button for me.
When you leave the office, you are done and you have a weekend all to yourself. I unfortunately do not have the freedom. I eat, and breathe
this company every minute of the day. There is no rest. There is no weekend. There is no happy hour. Every day this business is attached to my hip like a 1 year old special-needs child. You, of course, only see the fruits of that garden — the nice house, the Cadillac, the vacations… you never realize the back story and the sacrifices I’ve made.
Now, the economy is falling apart and I, the guy that made all the right decisions and saved his money, have to bail-out all the people who
didn’t. The people that overspent their paychecks suddenly feel entitled to the same luxuries that I earned and sacrificed a decade of my life for.
Yes, business ownership has is benefits but the price I’ve paid is steep and not without wounds.
Unfortunately, the cost of running this business, and employing you, is starting to eclipse the threshold of marginal benefit and let me tell you why:
I am being taxed to death and the government thinks I don’t pay enough. I have state taxes. Federal taxes. Property taxes. Sales and use taxes. Payroll taxes. Workers compensation taxes. Unemployment taxes. Taxes on taxes. I have to hire a tax man to manage all these taxes and then guess what? I have to pay taxes for employing him. Government mandates and regulations and all the accounting that goes with it, now occupy most of my time. On Oct 15th, I wrote a check to the US Treasury for $288,000 for quarterly taxes. You know what my “stimulus” check was? Zero. Nada. Zilch.
The question I have is this: Who is stimulating the economy? Me, the guy who has provided 14 people good paying jobs and serves over 2,200,000 people per year with a flourishing business? Or, the single mother sitting at home pregnant with her fourth child waiting for her next welfare check?
Obviously, government feels the latter is the economic stimulus of this country.
The fact is, if I deducted (Read: Stole) 50% of your paycheck you’d quit and you wouldn’t work here. I mean, why should you? That’s nuts. Who wants to get rewarded only 50% of their hard work? Well, I agree which is why your job is in jeopardy.
Here is what many of you don’t understand … to stimulate the economy you need to stimulate what runs the economy. Had suddenly government mandated to me that I didn’t need to pay taxes, guess what? Instead of depositing that $288,000 into the Washington black-hole, I would have spent it, hired more employees, and generated substantial economic growth. My employees would have enjoyed the wealth of that tax cut in the form of promotions and better salaries. But you can forget it now.
When you have a comatose man on the verge of death, you don’t defibrillate and shock his thumb thinking that will bring him back to life, do you?
Or, do you defibrillate his heart? Business is at the heart of America and always has been. To restart it, you must stimulate it, not kill it.
Suddenly, the power brokers in Washington believe the poor of America are the essential drivers of the American economic engine. Nothing could be further from the truth and this is the type of change you can keep.
So where am I going with all this?
It’s quite simple.
If any new taxes are levied on me, or my company, my reaction will be swift and simple. I fire you. I fire your co-workers. You can then plead with the government to pay for your mortgage, your SUV, and your child’s future.
Frankly, it isn’t my problem any more.
Then, I will close this company down, move to another country, and retire. You see, I’m done. I’m done with a country that penalizes the productive and gives to the unproductive. My motivation to work and to provide jobs will be
destroyed, and with it, will be my citizenship.
So, if you lose your job, it won’t be at the hands of the economy; it will be at the hands of a political hurricane that swept through this
country, steamrolled the constitution, and will have changed its landscape forever. If that happens, you can find me sitting on a beach, retired, and with no employees to worry about….
Signed,
Your boss
To All My Valued Employees,
There have been some rumblings around the office about the future of this company, and more specifically, your job. As you know, the economy has changed for the worse and presents many challenges. However, the good news is this: The economy doesn’t pose a threat to your job. What does threaten your job however, is the changing political landscape in this country.
However, let me tell you some little tidbits of fact which might help you decide what is in your best interests.
First, while it is easy to spew rhetoric that casts employers against employees, you have to understand that for every business owner there is a back story. This back story is often neglected and overshadowed by what you see and hear. Sure, you see me park my Cadillac outside. You’ve seen my big home at last years Christmas party. I’m sure; all these flashy icons of luxury conjure up some idealized thoughts about my life.
However, what you don’t see is the back story.
I started this company 28 years ago. At that time, I lived in a 300 square foot studio apartment for 3 years. My entire living apartment was
converted into an office so I could put forth 100% effort into building a company, which by the way, would eventually employ you.
My diet consisted of Ramen Pride noodles because every dollar I spent went back into this company. I drove a rusty Toyota Corolla with a defective transmission. I didn’t have time to date. Often times, I stayed home on weekends, while my friends went out drinking and partying. In fact, I was married to my business — hard work, discipline, and sacrifice.
Meanwhile, my friends got jobs. They worked 40 hours a week and made a modest $50K a year and spent every dime they earned. They drove flashy cars and lived in expensive homes and wore fancy designer clothes. Instead of hitting the Nordstrom’s for the latest hot fashion item, I was trolling through the discount store extracting any clothing item that didn’t look like it was birthed in the 70’s. My friends refinanced their mortgages and lived a life of luxury. I, however, did not. I put my time, my money, and my life into a business with a vision that eventually, some day, I too, will be able to afford these luxuries my friends supposedly had.
So, while you physically arrive at the office at 9am, mentally check in at about noon, and then leave at 5pm, I don’t. There is no “off” button for me.
When you leave the office, you are done and you have a weekend all to yourself. I unfortunately do not have the freedom. I eat, and breathe
this company every minute of the day. There is no rest. There is no weekend. There is no happy hour. Every day this business is attached to my hip like a 1 year old special-needs child. You, of course, only see the fruits of that garden — the nice house, the Cadillac, the vacations… you never realize the back story and the sacrifices I’ve made.
Now, the economy is falling apart and I, the guy that made all the right decisions and saved his money, have to bail-out all the people who
didn’t. The people that overspent their paychecks suddenly feel entitled to the same luxuries that I earned and sacrificed a decade of my life for.
Yes, business ownership has is benefits but the price I’ve paid is steep and not without wounds.
Unfortunately, the cost of running this business, and employing you, is starting to eclipse the threshold of marginal benefit and let me tell you why:
I am being taxed to death and the government thinks I don’t pay enough. I have state taxes. Federal taxes. Property taxes. Sales and use taxes. Payroll taxes. Workers compensation taxes. Unemployment taxes. Taxes on taxes. I have to hire a tax man to manage all these taxes and then guess what? I have to pay taxes for employing him. Government mandates and regulations and all the accounting that goes with it, now occupy most of my time. On Oct 15th, I wrote a check to the US Treasury for $288,000 for quarterly taxes. You know what my “stimulus” check was? Zero. Nada. Zilch.
The question I have is this: Who is stimulating the economy? Me, the guy who has provided 14 people good paying jobs and serves over 2,200,000 people per year with a flourishing business? Or, the single mother sitting at home pregnant with her fourth child waiting for her next welfare check?
Obviously, government feels the latter is the economic stimulus of this country.
The fact is, if I deducted (Read: Stole) 50% of your paycheck you’d quit and you wouldn’t work here. I mean, why should you? That’s nuts. Who wants to get rewarded only 50% of their hard work? Well, I agree which is why your job is in jeopardy.
Here is what many of you don’t understand … to stimulate the economy you need to stimulate what runs the economy. Had suddenly government mandated to me that I didn’t need to pay taxes, guess what? Instead of depositing that $288,000 into the Washington black-hole, I would have spent it, hired more employees, and generated substantial economic growth. My employees would have enjoyed the wealth of that tax cut in the form of promotions and better salaries. But you can forget it now.
When you have a comatose man on the verge of death, you don’t defibrillate and shock his thumb thinking that will bring him back to life, do you?
Or, do you defibrillate his heart? Business is at the heart of America and always has been. To restart it, you must stimulate it, not kill it.
Suddenly, the power brokers in Washington believe the poor of America are the essential drivers of the American economic engine. Nothing could be further from the truth and this is the type of change you can keep.
So where am I going with all this?
It’s quite simple.
If any new taxes are levied on me, or my company, my reaction will be swift and simple. I fire you. I fire your co-workers. You can then plead with the government to pay for your mortgage, your SUV, and your child’s future.
Frankly, it isn’t my problem any more.
Then, I will close this company down, move to another country, and retire. You see, I’m done. I’m done with a country that penalizes the productive and gives to the unproductive. My motivation to work and to provide jobs will be
destroyed, and with it, will be my citizenship.
So, if you lose your job, it won’t be at the hands of the economy; it will be at the hands of a political hurricane that swept through this
country, steamrolled the constitution, and will have changed its landscape forever. If that happens, you can find me sitting on a beach, retired, and with no employees to worry about….
Signed,
Your boss
Comments
-
This looks like one of those things that is going around the internet but is made up.
-
+1
-
Subject: Boss's letter
Whether this letter is real or not is irrelevent.
It is unfortunately true.
The stimulus package is not stimulating the economy of the common man. It's given to companies without any regulation and they are giving themselves bonuses of millions and millions of dollars (like AIG just did this weekend) that our children and their children will be forced to repay in the future. And not easing the credit crunch as was supposed to happen.
And if you have spent your life doing without and saving for retirement, that has been taken as well because of the likes of the Barney Franks and Chris Dodds who should have been overseeing and safeguarding FannyMae and FreddieMac and instead somehow have come away from this so far without so much as a slap on the wrist for the debacle their actions have allowed to happen. Of course this is just the example of two of our great legislators.
So why go out and work hard when, essentially, you will be penalized for starting companies, employing people so they can save and feed their families? And if you dare to make more then the government thinks is necessary they will tax you even further, therefore taking away the incentive of making more money to invest (even though the business owners do put that money back into the economy by hiring and building new businesses.)
Our great and wonderful country is in a dangerous time that can make or break us. How long do we let this fiasco go on in Washington??
Looks like their remedy is to borrow more from other countries and print more money. So in the end...will Americans own America after it's all over?
I can only hope so. -
somehow i think business owners will manage with keeping only 62 cents on the dollar after $250,000 as opposed to keeping 65 cents on the dollar.
-
Dear Boss,
I'd appreciate it if you didn't tie up my e-mail box with political messages. I sincerely find it distracting and also it kind of makes me want to kill you. If I worked for a large corporation, I'd probably forward this to human resources. Since I don't, I'm responding to your e-mail in person. This message is inappropriate.
Thanks in advance for allowing me to express myself. I won't thank you for doing me the honor of running the country, ruling the world and allowing all good things happen in America, and I won't thank you for my job. I was under the impression that I provided you with a service and for that, I was compensated by you.
Let's keep our e-mail messages in the workplace about work, shall we. See you at the water cooler.
Your employee -
Subject: Re: Boss's letter
dakotas way wrote:
Are you sure the great minds operating in our financial system didn't have even the tiniest shred of a part in this debacle? Or are you really under the delusion that the government bears all the responsibility for this mess? Come on now.
And if you have spent your life doing without and saving for retirement, that has been taken as well because of the likes of the Barney Franks and Chris Dodds who should have been overseeing and safeguarding FannyMae and FreddieMac and instead somehow have come away from this so far without so much as a slap on the wrist for the debacle their actions have allowed to happen. Of course this is just the example of two of our great legislators.
http://www.nytimes.com/2009/03/08/business/08gret.html
I like the opening and closing few paragraphs of this particular article.
“DERIVATIVES are dangerous.”
That simple sentence, written by Warren Buffett, begins an enlightening discussion in Berkshire Hathaway’s most recent annual report. Mr. Buffett’s views on derivatives, gleaned from his own unhappy encounters with them, should be required reading for all United States taxpayers.
Why? Because we own almost 80 percent of the American International Group, the giant insurer whose collapse was a direct result of derivatives it sold during the late, great credit boom.
A.I.G. nearly barreled off the cliff last September, when it couldn’t meet its obligations to customers who had bought a version of derivatives called credit default swaps. Such swaps are like insurance policies; bondholders buy them to protect themselves from default on various forms of debt.
And the closer:
"Another troubling aspect of these deals is how long it takes to untangle them when they go awry. Back to Mr. Buffett’s recent shareholder letter: when Berkshire acquired the insurance company General Re in 1998, he wrote, General Re had 23,218 derivatives contracts that it had struck with 884 counterparties.
Mr. Buffett wanted out from under the contracts and he began unwinding them. “Though we were under no pressure and were operating in benign markets as we exited,” he said, “it took us five years and more than $400 million in losses to largely complete the task.”
When you look back with the benefit of hindsight, it is truly amazing how outsized A.I.G.’s insurance commitment was, at $440 billion. After all, in 2005, when A.I.G. put many of these swaps on its books, the market value of the entire company was around $200 billion.
That means the geniuses at A.I.G. who wrote the insurance were willing to bet more than double their company’s value that defaults would not become problematic."
That’s some throw of the dice. Too bad it came up snake eyes for taxpayers." -
Subject: employer letter
You are absolutely right that the "great financial minds" had a HUGE amount to do with this disaster our country and the world is in.
ABSOLUTELY!!
It's all about greed and incompetence.
I just didn't want to get on too much of a soapbox at the time.
You are right......... -
Dakota- I agree with you that there's enough blame in this shitstorm to go around and around and around. I don't think most people on this board want to see small business people go down. I think people on this board actually support their local business people kind of earnestly and that anything that really illuminates the difficulties facing them would be welcome here. The letter that Armchair passed on, unfortunately, did not even come close to doing that though and if I was a small business owner, I wouldn't want to be associated with it. It's too angry and condescending to be taken seriously. (and now I am getting off my soapbox too
) -
You'd think that "The Boss" would remember that when he started his business "28 years ago," that would be 1981, the top marginal tax rate was 69%, quite a bit higher than today, and it kicked in at $215,000. Then, a year later, the great tax-cutter Ronald Reagan, conservative hero, smote that unholy thing all the way down to 50%, which however, kicked in at $85,600. Whoops!
Yup, Reagan's rates look pretty high compared to what is now proposed (38.5% at $250,000).
But both Obama's and Reagan's rates pale in comparison to the top marginal rate during the period 1951 to 1963, when the top marginal tax rate was a whopping 91% !!! (kicking in at $400,000) It would be a miracle if there was any business done at all during that period, according to the "The Boss," and yet, by all accounts, it was a period of growth and prosperity in the U.S.A.
http://www.truthandpolitics.org/top-rates.php
One last thing: It would seem "The Boss" could stand to lose quite a bit of money by closing down his business the way that he threatens to. He would be liable to pay out the remainder of his leases. He would also, serving "2,200,000 people per year," probably have a few current customer contracts that he would be obligated to fullfill. Not honoring those contracts could be a liability. Just shutting down the business from one day to the next doesn't sound like the most logical course for him to take.
But how to walk away free and clear, he himself, as he wishes to? He could sign over the business to his most capable employees, for free, or for $1, since he no longer saw any value in it. Looking at his quarterly estimated tax payment, it looks like his annual profit or salary is a couple million dollars. Those dollars could now be directed to sweeten the new directors' salaries. But maybe the business would fall apart without his guidance? Whatever! Talk to the new owners. He himself would be a free man, right, free to go enjoy the beaches, lucky bastard.
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