Saturday, March 14, 2009

Galt's Gulch?

A letter from the BOSS
This e-mail was posted in the Tax Day Tea Party Facebook Group. I haven’t been able to verify its authenticity, but at this point I don’t think that point is anywhere near as relevant as the message contained within the letter itself.
The letter was allegedly written by someone, If anyone can verify this and get back to me I would greatly appreciate it.
But like I said, the letter in and of itself is says exactly what we’ve all been saying. And the message is a perfect description of WHY the Tea Party Movement is gaining significant traction across the country.
From: leventhal4Subject: Letter posted on internet
To All My Valued Employees,
There have been some rumblings around the office about the future ofthis company, and more specifically, your job. As you know, the economyhas changed for the worse and presents many challenges. However, thegood news is this: The economy doesn’t pose a threat to your job. Whatdoes threaten your job however, is the changing political landscape inthis country. However, let me tell you some little tidbits of fact whichmight help you decide what is in your best interests.
First, while it is easy to spew rhetoric that casts employers againstemployees, you have to understand that for every business owner there isa Back Story. This back story is often neglected and overshadowed bywhat you see and hear. Sure, you see me park my Mercedes outside. You’veseen my big home at last years Christmas party. I’m sure; all theseflashy 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 28years ago. At that time, I lived in a 300 square foot studio apartmentfor 3 years. My entire living apartment was converted into an office soI could put forth 100% effort into building a company, which by the way,would eventually employ you. My diet consisted of Ramen Pride noodlesbecause every dollar I spent went back into this company. I drove arusty Toyota Corolla with a defective transmission. I didn’t have timeto date. Often times, I stayed home on weekends, while my friends wentout drinking and partying. In fact, I was married to my business — hardwork, discipline, and sacrifice.
Meanwhile, my friends got jobs. They worked 40 hours a week and made amodest $50K a year and spent every dime they earned. They drove flashycars and lived in expensive homes and wore fancy designer clothes.Instead of hitting the Nordstrom’s for the latest hot fashion item, Iwas trolling through the discount store extracting any clothing itemthat didn’t look like it was birthed in the 70’s. My friends refinancedtheir mortgages and lived a life of luxury. I, however, did not. I putmy time, my money, and my life into a business with a vision thateventually, some day, I too, will be able to afford these luxuries myfriends supposedly had. So, while you physically arrive at the office at9 A.M., mentally check in at about noon, and then leave at 5 P.M., Idon’t. There is no “off” button for me. When you leave the office, youare done and you have a weekend all to yourself. I unfortunately do nothave the freedom. I eat, and breathe this company every minute of theday. 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 oldspecial-needs child. You, of course, only see the fruits of that garden– the nice house, the Mercedes, the vacations… you never realize theBack Story and the sacrifices I’ve made.
Now, the economy is falling apart and I, the guy that made all the rightdecisions and saved his money, have to bail-out all the people whodidn’t. The people that overspent their paychecks suddenly feel entitledto the same luxuries that I earned and sacrificed a decade of my lifefor. Yes, business ownership has is benefits but the price I’ve paid issteep and not without wounds. Unfortunately, the cost of running thisbusiness, and employing you, is starting to eclipse the threshold ofmarginal benefit and let me tell you why: I am being taxed to death andthe government thinks I don’t pay enough. I have state taxes. Federaltaxes. Property taxes. Sales and use taxes. Payroll taxes. Workerscompensation taxes. Unemployment taxes. Taxes on taxes. I have to hire atax man to manage all these taxes and then guess what? I have to paytaxes for employing him. Government mandates and regulations and all theaccounting that goes with it, now occupy most of my time.
On Oct 15th, I wrote a check to the US Treasury for $288,000 forquarterly 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 over2,200,000 people per year with a flourishing business? Or, the singlemother sitting at home pregnant with her fourth child waiting for hernext welfare check? Obviously, government feels the latter is theeconomic 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. Imean, why should you? That’s nuts. Who wants to get rewarded only 50% oftheir 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 economyyou need to stimulate what runs the economy. Had suddenly governmentmandated to me that I didn’t need to pay taxes, guess what? Instead ofdepositing that $288,000 into the Washington black-hole, I would havespent it, hired more employees, and generated substantial economicgrowth. My employees would have enjoyed the wealth of that tax cut inthe 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’tdefibrillate and shock his thumb thinking that will bring him back tolife, 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 inWashington believe the poor of America are the essential drivers of theAmerican economic engine. Nothing could be further from the truth andthis is the type of change you can keep.
So where am I going with all this? It’s quite simple. If any new taxesare levied on me, or my company, my reaction will be swift and simple.I’ll fire you. I’ll fire your co-workers. You can then plead with thegovernment 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, andretire. You see, I’m done. I’m done with a country that penalizes theproductive and gives to the unproductive. My motivation to work and toprovide 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 willbe at the hands of a political hurricane that swept through thiscountry, steamrolled the constitution, and will have changed itslandscape forever. If that happens, you can find me sitting on a beach,retired, and with no employees to worry about….
Signed, THE BOSS


EmmySue said...

Fascinating. That was a refreshing moment for a Monday morning--

RES said...

I represent Michael Margolis, Managing Member of Maric Capital Fund L.P. Mr. Margolis has asked me to contact you to in connection with the letter, referred to as the “Letter From The Boss” (the “Letter”), that has been posted on your blog. Notwithstanding the fact that this Letter has been attributed to Mr. Margolis, Mr. Margolis did not write the Letter. Accordingly, we hereby request you remove this Letter from the blog and its archives, or, in the alternative, have all references on the blog to Mr. Margolis and/or Maric Capital Fund L.P. which falsely state, suggest or imply that Mr. Margolis, or anyone else affiliated with Maric Capital Fund L.P., authored, or may have authored, that communication, deleted. Moreover, please remove all references to Mr. Margolis and/or Maric Capital Fund, L.P. (and all derivations thereof) from any metatags or other identifiers or search tools that may be used in connection with this blog.

We trust that you would want to maintain the accuracy and integrity of the information posted on this blog and that you will accordingly assist us in remedying this situation and containing the damage to Mr. Margolis and his company.

Should you have any questions, or need any further information, please do not hesitate to contact me.

Thank you.