Category: Personal Savings
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I am shocked that nobody is screaming for government to get out of the routine affairs of entrepreneurial ambitions!

If I want to start up a company and I have done my homework to show me what the costs of my business will be in order for me to make a profit, who the heck is government to tell me what I have to pay my potential employees?

Let me make sure that I understand what these "do-good'ers" want.

I am to assume all of the following risks:

1. Spend my personal savings money, borrowed financing and/or investor capital on the feasibility, marketing, and, if required, environmental impact studies necessary to obtain all the permits and licenses in order to receive approval to conduct my desired business.

2. I am to provide all the capital investment from my out-of-pocket bank accounts, borrowed financing and/or investor capital needed to purchase/lease workspace, cover the costs of all the necessary overhead items such as utilities, general liability insurance, furniture and fixtures, consumable office supplies, employee health plans, sick leave, holidays and vacation time.

3. Provide the operating money borrowed from myself, financing institutions and/or investor capital sufficient to cover the cash flow requirements of paying all the month-to-month operations expenses and payroll for all employees during start-up and until sufficient service or product sales are streaming in on a continuing basis to pay such expenses.

4. Pay for all the governmental employer required salary taxes, sales taxes, inventory taxes, and company earnings taxes.

5. Pay myself back for the money I took out of my savings account (with interest), designed to pay for my living expenses when I am no longer able to work, to pay back the borrowed money principal with interest, and/or to pay dividends to the investors.

Please notice that the employees do not share in these employer expenses. Also, notice that these governmental bodies do not share in these risks. As the owner/employer, I take all of the risks. Who is going to protect me as the owner/employer?

1. Has that government body conducted a market assessment analysis to see what the impact of its required labor wage value will do to the potential success of my company?

2. Is the government body willing to guarantee to cover the difference in fluctuating consumer sales demand so that I can recover the following?

a. My out-of-pocket loans from my saving account;

b. Borrowed money repayments;

c. To ensure that any investors receive a reasonable return on their investment;

d. It would also ensure that I receive a reasonable profit for taking all the risks of employing people who might otherwise be unemployed and surviving off public funds.

3. Will these government bodies share with me, as the employer, in the costs of government required health benefits provided to employees?

As an employer, I make an offer to pay somebody so much money to provide a service or, make or a product. A person reads my offer and can decide to accept it or not. If that person accepts a position in my company, the conclusion is that there is a willing "seller" and a willing "buyer." Enough said at this point. That is the nature of doing business in a capitalistic society. If nobody wants to accept my wage offer then I will have to recalculate my numbers to determine whether the intended business is viable or not as a private enterprise.

If government bodies want to ensure that all employees receive a "livable income" then they should look to themselves, providing the difference in pay from what an employer is willing to pay to whatever the government bodies determine is a "livable income." However, this would just be another form of Social Security! Is that what we all really want to create?

Leave private enterprise alone. Stop trying to regulate things where government has no right to interfere.

In other words, the work place must run under the doctrine of "Laissez- faire." If not, government will eventually squelch innovation and move our economy to a socialistic state, stagnating and forcing all the ambitious and hard working to carry the lazy on their backs, all for the same pay. Economic collapse, therefore, is inevitable!

Olney lives in Napa.