The Most Patriotic Thing You Can Do

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From Mark Cuban's Blog:
Bust your ass and get rich.

Make a boatload of money. Pay your taxes. Lots of taxes. Hire people. Train people. Pay people. Spend money on rent, equipment, services. Pay more taxes.

When you make a shitload of money. Do something positive with it. If you are smart enough to make it, you will be smart enough to know where to put it to work.

I don’t care what anyone says. Being rich is a good thing. Not just in the obvious sense of benefiting you and your family, but in the broader sense. Profits are not a zero sum game. The more you make the more of a financial impact you can have.

I’m not against government involvement in times of need. I am for recognizing that big public companies will continue to cut jobs in an effort to prop up stock prices, which in turn stimulates the need for more government involvement. Every cut job by the big companies extracts a cost on the American people in one way or another.

Entrepreneurs are needed to create and grow companies to absorb those people in new jobs. If entrepreneurs dont create those jobs, the government ends up having to spend more money to help them one way or another.

So be Patriotic. Go out there and get rich. Get so obnoxiously rich that when that tax bill comes, your first thought will be to choke on how big a check you have to write. Your 2nd thought will be “what a great problem to have”, and your 3rd should be a recognition that in paying your taxes you are helping to support millions of Americans that are not as fortunate as you.

In these times of “The Great Recession” we shouldn’t be trying to shift the benefits of wealth behind some curtain. We should be celebrating and encouraging people to make as much money as they can. Profits equal tax money. While some people might find it distasteful to pay taxes. I don’t. I find it Patriotic.

I’m not saying that the government’s use of tax money is the most efficient use of our hard earned capital. It obviously is not. In a perfect world, there would be a better option. We don’t live in a perfect world. We don’t live in a perfect time. We live in a time where the government plays a big role in an effort to help lead us out this Great Recession. That’s reality.

So I will repeat my point. Get out there and make a boatload of money. Enjoy the shit out your money. Pay your taxes.

Its the most Patriotic thing you can do.
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Link
 
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What a socialist....or maybe he is just trying to come up with some rational for having more coaches than players.
 
Interesting take. And, to a certain degree I have to agree. But I have two problems:

1) He speaks of entreprenuers. Well, many programs that are now gone have severely crippled small business from getting off the ground. In Oregon alone, I read in a business journal that small business development due to recent tax shifts & gaines have dropped the openeing of small business by 75%.

2) If I made in the hundreds of millions per year as he does, I'd be more than willing to pay a little more to help people- so long as that's where the money really goes, that is, directly helping people in genuine need. I currently make $60,000 per year and pay over 15% to the needy. But my problem is that people who make $125,000 are treated the same as those making 200 billion- as fully wealthy. There's a whopping big difference between someone making $125,000 and, say, Brandon Roy making $15,000,000 + a goober full load of endorsement money. I think the definition of "wealthy" should be $500,000 per person or $1,000,000 per couple- or maybe higher.
 
The most important idea in his post is "Profits are not a zero sum game." I wish people would stop demonizing profit. It's a good thing. It's the fruit of your labor. Profits are spent and invested. Companies with high profits can innovate and create new goods and services. Companies with high profits pay more in taxes.

I'm constantly told as a free marketeer that I don't care about poor people. I want to clear all the crap out of the way so everyone has the opportunity to be wealthy.
 
In these times of “The Great Recession” we shouldn’t be trying to shift the benefits of wealth behind some curtain.
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This is the biggest problem facing the nation, the companies have stopped paying income taxes by having a mail box in the islands.
 
Sug said:
This is the biggest problem facing the nation, the companies have stopped paying income taxes by having a mail box in the islands.
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Why should corporations have a flag? Should we decry Toyota for paying American income taxes and not just Japanese?
 
Sug said:
This is the biggest problem facing the nation, the companies have stopped paying income taxes by having a mail box in the islands.
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Yep. Coca Cola pipes all their money to Cuba. Make sure and enjoy that coke now.
 
Sug said:
This is the biggest problem facing the nation, the companies have stopped paying income taxes by having a mail box in the islands.
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Agreed.

Many companies make money here but pay no tribute. If that's the case, they should be treated as a foreign business and taxed as such.
 
BLAZER PROPHET said:
Interesting take. And, to a certain degree I have to agree. But I have two problems:

1) He speaks of entreprenuers. Well, many programs that are now gone have severely crippled small business from getting off the ground. In Oregon alone, I read in a business journal that small business development due to recent tax shifts & gaines have dropped the openeing of small business by 75%.

2) If I made in the hundreds of millions per year as he does, I'd be more than willing to pay a little more to help people- so long as that's where the money really goes, that is, directly helping people in genuine need. I currently make $60,000 per year and pay over 15% to the needy. But my problem is that people who make $125,000 are treated the same as those making 200 billion- as fully wealthy. There's a whopping big difference between someone making $125,000 and, say, Brandon Roy making $15,000,000 + a goober full load of endorsement money. I think the definition of "wealthy" should be $500,000 per person or $1,000,000 per couple- or maybe higher.
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start up costs are very prohibitive in many instances, esp. in California.
 
BLAZER PROPHET said:
Interesting take. And, to a certain degree I have to agree. But I have two problems:

1) He speaks of entreprenuers. Well, many programs that are now gone have severely crippled small business from getting off the ground. In Oregon alone, I read in a business journal that small business development due to recent tax shifts & gaines have dropped the openeing of small business by 75%.
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Could you provide a link please? Taxes for small businesses haven't really shifted that much in the last 2-3 years in Oregon to make that kind of impact, IMHO. Might it have something to do with the fact that credit dried up like a lemon in the desert?
 
I'd also like to see a link for that. Taxes aren't typically a big problem in getting a company started, because you don't pay taxes if you aren't making profits. Yes, there are various fees, but for a typical business they don't amount to much. I think it still costs just $10 to register a company in the state of Oregon, or did they finally increase that?

barfo
 
1246472622-sexy_fourth_of_july.jpg
 
"get rich" how lame.

most patriotic thing is to live in a mega-planned community while spending your days eating at cheesecake factory and then going home to watch american idol!
 
barfo said:
I'd also like to see a link for that. Taxes aren't typically a big problem in getting a company started, because you don't pay taxes if you aren't making profits. Yes, there are various fees, but for a typical business they don't amount to much. I think it still costs just $10 to register a company in the state of Oregon, or did they finally increase that?

barfo
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$10? Did you last register a company in 1972?!?!?!
 
You have to pay $800 a year to run an LLC in California. that's not even the taxes, its the "cost of doing business".
 
yakbladder said:
$10? Did you last register a company in 1972?!?!?!
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It wasn't quite that long ago, but you have a point.
I just looked it up, they increased it from $50 to $100 this year.
Still, $100 isn't a huge amount. If I wanted to start a business, I don't think I'd give up because of the $100 fee.

barfo
 
BTOWN_HUSTLA said:
You have to pay $800 a year to run an LLC in California. that's not even the taxes, its the "cost of doing business".
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But it's been $800 for around 20 years (at least). Hard to believe they haven't increased it.

barfo
 
barfo said:
But it's been $800 for around 20 years (at least). Hard to believe they haven't increased it.

barfo
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yeah, but the taxes go up so that's whur they get ya. i'm thinking of going to Nevada in a few years.
 
btw, out of state LLCs and Corps have to pay that $800 too if they are "doing business here".
 
BTOWN_HUSTLA said:
yeah, but the taxes go up so that's whur they get ya. i'm thinking of going to Nevada in a few years.
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I'm thinking of never going to Nevada again.

barfo
 
barfo said:
I'd also like to see a link for that. Taxes aren't typically a big problem in getting a company started, because you don't pay taxes if you aren't making profits. Yes, there are various fees, but for a typical business they don't amount to much. I think it still costs just $10 to register a company in the state of Oregon, or did they finally increase that?

barfo
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i believe within the first 5 years you don't have to show a profit.
 
I wish I had invented HDTV and could tell people to simply "get rich".
 
I actually met Cuban before he was a billionaire.

He made his money from broadcast.com. Their business was giving radio stations free PCs and realaudio streaming technology in return for some free advertising.

He didn't invent HDTV. He was a really rich guy who could afford to make a hobby of doing what he wanted in the space and did.
 
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