AUNT MARY AND UNCLE BOB!
—- “AUNT MARY AND UNCLE BOB!”—-
—-By Gary Kaltbaum- September 15, 2017—-
—-This email is being sent to the President!—-
—–Aunt Mary and Uncle Bob did not have a lot of money. They were living paycheck to paycheck, just getting by. But Aunt Mary and Uncle Bob were efficient with their lives and their savings. Whatever they could save, they did. They both worked long hours trying to make a good life for themselves and their family. But Aunt Mary and Uncle Bob were tired of their jobs. They believed there was a better calling for them. They searched and searched and finally found a franchised business that they thought they would excel at. The problem was they did not have enough money to buy a franchise. But they met with the owners. They pleaded with the owners over a 9 month period. Talks were long and arduous with Aunt Mary and Uncle Bob letting them know how hard they would work to be successful and that they would be a great addition to their organization. After much back and forth, the owners agreed to bring them on and lend them the money to start their first franchise.——-
——–Sun up to sun down, Aunt Mary and Uncle Bob put in the time. Initially, Aunt Mary and Uncle Bob did not do that well but did show improvement. They had no problem working the 16 hour days. They would do anything to be successful and become independently wealthy. After a year of just getting by, things started to click. Business started to flourish. All the hard work, the sweat, the toil, the risk capital, the sleepless nights started to pay off. Business started to get going. Because the business got going, they hired two people. Those two people now had a decent paycheck with a business that was on the upswing. But it did not stop there. The owners of the company recognized their success and offered to give Aunt Mary and Uncle Bob another franchise. They jumped at the chance. Things went well. Things went so well that they hired 5 more people with one of those people coming off of welfare because of the hiring. A couple of their originals went from hourly pay to salaried pay. And then there were 3 franchises. And then 4. But something happened. They now had 25 employees, some salaried and still some hourly. Government then decided to mandate a certain number Aunt Mary and Uncle Bob must pay…which was more than they were paying. But they relented. They fired no one. But then came a new healthcare program, one where Aunt Mary and Uncle Bob’s costs and taxes went up markedly. They could not believe their expenses went up so much because of government dictate without any commensurate productivity gains. What to do? Aunt Mary and Uncle Bob loved their employees. In fact, they were not called employees. They were called partners. They were family. When one partner had an auto accident and was out of work for 6 weeks, what did Aunt Mary and Uncle Bob do? They paid the person anyhow and made sure that person’s children were taken care of.——–
———On top of this, Aunt Mary and Uncle Bob are philanthropic, giving a nice chunk of change to children’s charities every year. Because of this, many at-risk children have a better chance. Because they have a better chance, they are less apt to fall prey to all the negatives that are out there. Because these children made something of themselves, society is much better off.——
——–Aunt Mary and Uncle Bob also buy products for their business. Because they buy more and more products, those businesses that sell the products are doing better. Because those businesses are selling more product and are growing their business, they are hiring more people. Because they are hiring more people, those people are now getting paychecks. Those people who are being paid can now afford things they could not afford before. Those people than use that money to buy food or clothes, go to the movies, maybe go to a theme park. Because those businesses are selling to those employees, those businesses are also growing. Because those businesses are growing…AND ON AND ON AND ON AND ON AND ON AND ON AND ON!——-
——-Look what Aunt Mary and Uncle Bob created. They created a virtuous business cycle. A cycle where everyone benefits, not only in their business but all the way down the line. They did it despite onerous government policy that confiscates more and more of their wealth on a yearly basis. Aunt Mary and Uncle Bob are the best of the best.——-
——But Mr. President, you just said you are not worried about them. You said they don’t need their taxes cut. You basically said they did not matter. You talked like the Pelosi, Schumer, Sanders, Warren’s of this world who demonize success and wealth on a daily basis. You have put yourself in bed with those who do do not have the foggiest idea what it takes to become a success. They are only capitalists with their money and life but socialists with everyone else’s money and life. Mr. President, you say Aunt Mary and Uncle Bob do not need their taxes cut. Au contraire Mr. President. The successful, hard working, philanthropic Aunt Mary and Uncle Bob are exactly the people who not only should have their taxes cut but DESERVE to have their taxes cut. ——–
Tired of giving my money to people who are clueless about how to spend it wisely. Public schools do not teach common sense finance or life skills.
Hear, Hear! Mr. Kaltbaum.
Nice story. The problem is there isn’t enough Aunt Marys and Uncle Bobs out there that cares about there employees! Most are you take our lousy pay because we can replace you in a heartbeat. You didn’t mention if Aunt Mary and Uncle Bob had offshore accounts or hidden $ in the caymon islands to avoid paying taxes…LOL
How about something on the unintended consequences of easy money, and how it disincentivises Aunt Mary and Uncle Bob to grow the business . Perhaps exacerbating the earnings gap.