This Is Why There Are No Jobs in America

Editor’s note: The U.S. government just released several key economic reports. To spare you the fine details, just know unemployment is getting worse. And one manufacturing report was so bad, some thought the key number was a misprint. These problems are so severe and so much in the public eye right now, that we’re doing something unusual today…

Our sister site, The Daily Crux, called this essay the “best rant of 2009.” It’s no surprise it’s from our colleague Porter Stansberry. While it was written months ago, we believe this is far and away the best insight you can possibly read on the unemployment situation in America.

This Is Why There Are No Jobs in America

I’d like to make you a business offer.

Seriously. This is a real offer. In fact, you really can’t turn me down, as you’ll come to understand in a moment…

Here’s the deal. You’re going to start a business or expand the one you’ve got now. It doesn’t really matter what you do or what you’re going to do. I’ll partner with you no matter what business you’re in – as long as it’s legal.

But I can’t give you any capital – you have to come up with that on your own. I won’t give you any labor – that’s definitely up to you. What I will do, however, is demand you follow all sorts of rules about what products and services you can offer, how much (and how often) you pay your employees, and where and when you’re allowed to operate your business. That’s my role in the affair: to tell you what to do.

Now in return for my rules, I’m going to take roughly half of whatever you make in the business each year. Half seems fair, doesn’t it? I think so. Of course, that’s half of your profits.

You’re also going to have to pay me about 12% of whatever you decide to pay your employees because you’ve got to cover my expenses for promulgating all of the rules about who you can employ, when, where, and how. Come on, you’re my partner. It’s only “fair.”

Now… after you’ve put your hard-earned savings at risk to start this business, and after you’ve worked hard at it for a few decades (paying me my 50% or a bit more along the way each year), you might decide you’d like to cash out – to finally live the good life.

Whether or not this is “fair” – some people never can afford to retire – is a different argument. As your partner, I’m happy for you to sell whenever you’d like… because our agreement says, if you sell, you have to pay me an additional 20% of whatever the capitalized value of the business is at that time.

I know… I know… you put up all the original capital. You took all the risks. You put in all of the labor. That’s all true. But I’ve done my part, too. I’ve collected 50% of the profits each year. And I’ve always come up with more rules for you to follow each year. Therefore, I deserve another, final 20% slice of the business.

Oh… and one more thing…

Even after you’ve sold the business and paid all of my fees… I’d recommend buying lots of life insurance. You see, even after you’ve been retired for years, when you die, you’ll have to pay me 50% of whatever your estate is worth.

After all, I’ve got lots of partners and not all of them are as successful as you and your family. We don’t think it’s “fair” for your kids to have such a big advantage. But if you buy enough life insurance, you can finance this expense for your children.

All in all, if you’re a very successful entrepreneur… if you’re one of the rare, lucky, and hard-working people who can create a new company, employ lots of people, and satisfy the public… you’ll end up paying me more than 75% of your income over your life. Thanks so much.

I’m sure you’ll think my offer is reasonable and happily partner with me… but it doesn’t really matter how you feel about it because if you ever try to stiff me – or cheat me on any of my fees or rules – I’ll break down your door in the middle of the night, threaten you and your family with heavy, automatic weapons, and throw you in jail.

That’s how civil society is supposed to work, right? This is Amerika, isn’t it?

That’s the offer Amerika gives its entrepreneurs. And the idiots in Washington wonder why there are no new jobs…


Porter Stansberry

Source: DailyWealth 

  11 comments for “This Is Why There Are No Jobs in America

  1. eleanor fuller
    September 29, 2010 at 9:48 pm

    No doubt big business has the majority of the market, and they intend to keep it that way. The government, ie congress, etc, pays lip service to small business, but that is not where congress wants to go, their money and payoffs come from big busines, and big business will prevail.

    The only thing that will change it, if the middle income family, person has no money to buy their products. Even if small business wants to build there are so many restrictions that they will be unable to survive, ie health insurance, etc. None of these in congress really care about small business, the same that they never cared about the American farmer.

  2. Michael Mike
    September 11, 2010 at 7:24 pm

    Americans are the salt of the earth. The vast majority of the American people are exceedingly good hearted and God-fearing, wanting for others what they want for themselves and their families. American business is in trouble because the American government is making it difficult for people with wealth to gamble it within an economy that is increasingly socialistic. If you take from the rich to give to the poor, the rich move away and the poor have even less, and naturally the rich do what is best for them – they put there money in other places. The solution is for our government to make it more profitable and safer for the rich to build businesses in American than anywhere else. Then the poor have jobs, and if they practice the good habits of the rich, they may, God willing, become rich over time.

  3. vin
    September 10, 2010 at 1:29 pm

    author of this post is a moronic ideologue. for all that you pay, which ends up being likely millions by the time you are dead, you get billions of dollars worth of roads that lets you get to work, and lets your customers get to you. you get some reasonable assurance that someone won’t just come and gun down your family and take all your money, like, say, in most countries with significantly lower taxes (see Mexico or Somalia). you get reasonable assurance that the food you eat won’t kill you painfully and almost instantly, that the water you drink won’t turn your kids into retards, and so much more. If you don’t like it, move! go become a recluse in some deep woods somewhere where you will never be found. since you have the means to have a computer to type this, you have the means to do this! really do it! Somalia has essentially zero percent taxes, that might be a nice place to be! off you go!

  4. Shawn
    September 9, 2010 at 5:23 pm

    How frightening that a person who is obviously a screaming liberal like the poster “rob” can read this article…which is all about how GOVERNMENT is squashing business…and come away with the idea that the article was describing what the “rich” are doing to America. Actually, “rob” is most likely intentionally lying (a “progressive” religious requirement to continue to believe their tenets). But in either case, it again demonstrates that liberalism is indeed a mental illness.

  5. Garr Obo
    September 9, 2010 at 2:15 pm

    Could be worse, take China for instance.

  6. Rob
    September 7, 2010 at 11:19 pm

    Also the rich manipulate the laws to favor them…

  7. Rob
    September 7, 2010 at 11:18 pm

    This is what happens when all the rich deregulate everything and use cheap China labor…


  8. Confucius
    September 7, 2010 at 2:01 pm

    Too rosy of a picture.

    I’ve never gotten a “thank you.”

  9. Anomaly
    September 6, 2010 at 7:36 am

    It’s about damned TIME someone spoke the truth! I myself am a small business owner and it is abundantly clear the government does nothing but leech away what little we work for. How is this any different than a mafia / mob scenario where you pay “protection” money for them to leave you alone?

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