This Is Why There Are No

Jobs in America

By Porter Stansberry

Saturday, August 21, 2010

 

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 America, isn't it? That's the offer America gives its

entrepreneurs. And the idiots in Washington wonder

why there are no new jobs…

Regards,

Porter Stansberry

Mr. Stansberry is rather well known on the investment

speaking circuit. He’s a wise man; a good man and in

this instance an imminently insightful man. Job

growth? It is none existent and so long as this

Administration remains in power intact it will remain so.

That’s fair, isn’t it?