TreasureKY
Posts: 3032
Joined: 4/10/2007 From: Kentucky Status: offline
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quote:
ORIGINAL: LadyPact quote:
ORIGINAL: DomYngBlk And you are supposing there would be no one to take your place in the marketplace? Are you serious or just blowing smoke out your ass Oh, I'm sure there would be, at whatever time it actually became lucrative for Me to actually sell the business. If My accountant came to Me in September saying that if I turned any more profit for the year, I'd be over the asset cap, I'd just shut the business down. The amount that I'd have in assets wouldn't change any because I'd still own the same property and equipment, but there would be no need for Me to continue attempts to make a profit. So, I shut down, maybe spend a couple of years traveling before I sell everything off. With an asset cap, there's no longer an incentive for Me to stay in business. Sure. Somebody else could come along and take My place. Maybe even create jobs for the number of employees that got their pink slip in September because it was no longer worth it to Me from a financial perspective to keep them employed. That is, of course, once somebody else actually wanted to create those jobs again. You forgot to mention that anyone wanting to start up a business to pick up the slack where you close yours, would have to find someone willing to provide the financial backing for that business. With capped assets, I wonder who would do all that financing. Of course, the same limitation on assets might severely hurt the charities out there whose survival depends upon large donations from the wealthy.
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