A lot of this points out why I just don't understand "right-leaning" folk. Unless you are a huge, faceless corporation you really shouldn't be paying your workers minimum wage or giving them crappy health benefits, so I don't see how your expenses in those areas are going to increase or that "It's going to be good times for workers. Not such great times for employers." Oh no, you might have to start treating them <i>slightly more</i> like human beings!<p>A lot of this advice is just that "smart people will find loopholes in the new tax codes and avoid paying it like they have been for decades", bordering on tax fraud. He indirectly admits he makes over $250,000 a year, and I hate to voice a knee-jerk reaction, but he should really be counting his blessings he's not been on the short end of the stick (living paycheck-to-paycheck working said minimum wage jobs, for example). Instead, he gets spooked that he might have to give more of his precious precious money away.
Mixed thoughts on this article. The author raised some points that I thought were good, namely the fact that you don't need to be a direct beneficiary of the new administration's proposed programs to profit from them. If they plan to put money into green tech or education, perhaps you could make money by providing a service to those industries. If after school care centers are about to become flush with government cash, perhaps they'll need some kind of software to help them grow.<p>The downside to this article is that most of it is based what the Obama administrated has stated it ~wants~ to do. You'd be foolish to actually plan a business around campaign promises. But these are definitely some things to keep in mind.
Businesses generally perhaps, but not startups. I wouldn't advise the average startup to modify their strategy based on what administration is in power.
How Entrepreneurs Can Profit with Obama:<p>As consumer confidence in our government increases (as it always does in a new administration's honeymoon period), and as the policies of the current and future stimulus packages take effect, the economy will inevitably improve.<p>Despite the tax issues, if you thought John McCain's federal government spending freeze was a good idea during a recession, you don't know much about economics.<p>An improved economy means more funding and more customers. Forget the details, it is hard to make ANY money when the stock market is going down 40% in a few months and people are saving every penny because they are scared.
Wow. Despite the title, that's pretty much all doom-and-gloom.<p>Alternative possibility: move to another country. New Zealand, frinstance, has just elected a new business-friendly government, it has lots of smart, well-educated people and a low cost of living.
My question:<p>Are "Capital gains rates" different from "capital gains taxes"?<p>Because he says:<p>"Capital gains rates will go up, too." - <a href="http://awurl.com/GC4ypKrSY#first_awesome_highlight" rel="nofollow">http://awurl.com/GC4ypKrSY#first_awesome_highlight</a><p><i>and then he says</i>:<p>"He also plans to eliminate all capital gains taxes on startup and small businesses to encourage innovation and job creation." - <a href="http://awurl.com/hICQbvM3H#first_awesome_highlight" rel="nofollow">http://awurl.com/hICQbvM3H#first_awesome_highlight</a>