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Obama's job aid plan - $10,000 to $13,000 in assistance for entrepreneurship

moneyland.time.com

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Re: Obama's job aid plan - $10,000 to $13,000 in assistance for entrepreneurship

#63

Earlier quoted context omitted.

You have to pay for unemployment insurance. The more people who make claims against you, the higher your insurance gets. You probably aren't going to get charged 100% of the employee's unemployment, but you get charged a goodly chunk.

That's exactly right. For unemployment insurance you pay a percentage of your payroll to the government. The percentage depends upon the number of claims your ex-employees have put on the pool of money in the unemployment insurance scheme. More claims means a higher percentage. That makes the cost of a replacement employee higher because you're paying for the cost of prior employees' unemployment claims when you are…

You act like this was an unknown cost of having employees.

Re: Obama's job aid plan - $10,000 to $13,000 in assistance for entrepreneurship

#64
post #15

US need a win-win proposition with Chindia

I know this is getting downmodded, but hes somewhat right. "Chindia" is draining our economy, by "draining our economy", I mean its destroying the people who actually do the work. For every job that is sent overseas, not only does it result in someone, an actual real person, losing their job, but a form of slave labor in a foreign country "hires" the replacement. If I was President, honestly, I would push for a 0.5%…

It seems to me that for most jobs it isn't true that it's being done by slave labor. I know in China, factory jobs pay much more than the average job (2x-3x more). In India, call center workers are considered one of the upper rungs of society - they are thrilled to do it. This can hardly be called slave labor...

Re: Obama's job aid plan - $10,000 to $13,000 in assistance for entrepreneurship

#65
post #58

Earlier quoted context omitted.

I know this is getting downmodded, but hes somewhat right. "Chindia" is draining our economy, by "draining our economy", I mean its destroying the people who actually do the work. For every job that is sent overseas, not only does it result in someone, an actual real person, losing their job, but a form of slave labor in a foreign country "hires" the replacement. If I was President, honestly, I would push for a 0.5%…

>If I was President, honestly, I would push for a 0.5% tariff on all goods and services from countries that are not considered first world countries. An alternate statement of that idea (which I'm not sure I agree with either), is a tariff on goods and service in the amounts required to bring the hourly foreign labor costs up to the US federal minimum wage with no exemptions.

I was actually considering something similar. Instead, define "first world country" as a county who's median yearly pay is at least half of hours, recognizes basic human rights, recognizes democratic voting, and doesn't punish their population for speaking out against the government or any government sponsored religion (such as the Muslim religion in various middle eastern countries), and also recognizes the rights of women.

As in, fellow countries that believe in life, liberty, and the pursuit of happiness.

Attempting to tariff any harder can have extremely adverse effects. The rich wish to remain rich at all costs.

Re: Obama's job aid plan - $10,000 to $13,000 in assistance for entrepreneurship

#66

Is this just PR releases or is the full text of the bill out? After the pre-press on the health care bill versus actually reading the thing, I really want to see the actual text (and the follow-up rule making).

The bill's been sent to congress this morning, if you can't find it on their website yet, you'll be able to soon. (Haven't gone looking myself).

Re: Obama's job aid plan - $10,000 to $13,000 in assistance for entrepreneurship

#67

The ignorance displayed in the comments on that article is scary. It's quite obvious a lot of people have never been in the position to actually need this sort of aid before, so it's easy to knock everyone using it as "an illegal" or "lazy." Of course people will abuse this, too, just like they abuse the unemployment insurance we have now. But to me, the net positives that come out of this will outweigh the (probably…

I've long stopped reading comments on news sites specifically because they are obviously overrun by trolls. The problem is the trolls are winning as I can see by some comments I see on facebook by people who believe the bullshit.

But sites like this (http://literallyunbelievable.org/) also make me loose faith in humanity sometimes

Re: Obama's job aid plan - $10,000 to $13,000 in assistance for entrepreneurship

#68

genius. who needs voluntary transactions live venture capital or angels, what have they ever done? instead lets take money from everyone (if they don't like it we can lock them in a cage) and then give it to others who we decide are worthy.

Did you read the article?

The gyst of it is that if you are receiving unemployment insurance, you no longer forfeit it by starting work on a pre-revenue startup. Previously, you would have been "self employed" and lost access to your unemployment.

I'll further note that this bill, as far as I know, does not make venture capital illegal.

Re: Obama's job aid plan - $10,000 to $13,000 in assistance for entrepreneurship

#69
post #15

US need a win-win proposition with Chindia

There is nothing more ironic than the jingoist segment of the population who are also ravenous Walmart shoppers.

It seems like such a no brainer for a political movement/party to run on a platform of restoring Americas manufacturing base.

I think people forget how many second order jobs are lost with the withered manufacturing base. Transportation, IT, HR, restaurants that people eat at on lunch breaks... I can't even enumerate how many second order jobs large scale manufacturing creates...

I regularly go out of my way to pay for American made stuff, so I can say I put my money where my mouth is. Same with shopping locally - farmers markets with local producers etc.

I don't know when well ever snap out of this way of life --- spend less to have more and the quality of life around you declines. Personally I wish my kid had less toys but they're so cheap that grandma and grandpa ship em by the boxful.

Ugh.

Re: Obama's job aid plan - $10,000 to $13,000 in assistance for entrepreneurship

#70
post #46

Earlier quoted context omitted.

Outside of Silicon Valley (and a few other hot spots maybe) "voluntary transactions" aren't happening, so the government feels the need to step in.

I think it is a salient point that one of the reasons these "voluntary transactions" are not happening in the rest of the country is because the government has already stepped in. I would be an angel investor, if the SEC would let me. It is silly that I could blow $20k on a bad stock investment, but can't put it into a tiny startup. The regulatory burden and the prohibition on "non accredited investors" quells a lot…

One of the cool thing about this job bill is crowdfunding might be now legal. It could be cool to be allow to put under 100 bucks to fund a startup idea. You could spread that 20k around.
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