My Uncle started a buisness on his own. He bought a shop,hired a few people,Picked up Buisness and added more people(job creation I think they call it). He then took Profits and re-invested it in the buisness and bought the other half of the building to expand inventory and shop space. He still did really well and hired a few more people and took Profits again and bought a building across the street for the new office to expand his shop some more!
He had over 20 people working there! (They rewind motors).
After the economy downturn the now have 9 or 10 people left. Buisness is still there. I talked with one of the office people there and asked them about what they will or am doing with the economy like it is today. (This person is not Political at all!)
They still maintain a low number of emplyees and are keeping inventory way down, Because of the future of possible taxes(they called it the health law and other taxes that could be comming), that will hold any future spending down to a minimum!
My point to this story is Obama wants to raise taxes on pople like this buisness owner. What are they to think?
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