Fellow Steven of the Tax Technicaldiscussioin group which I am in on linked in posted this interesting and accurate dissertation. Does it sound familiar.
I'd like to make you business offer
Seriously, thjis is a real odder that you realy can't turn down, as you'll understand in a moment.
Here's ther deal, You're going start a business or expand the one you've got nowq, It doesn't realy matter what you do, I'll partner with you no matter 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 wont give you any labor. Thats definitly up to you. What I will do, however, is demand you follow all sorts of rulesabout what products and services you can offer, how much and how often you pay your employees, and where and when you're allosed to operate your business. Thats my role in the affaie-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 thats half of your profits.
You're also going 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 can employ, when, where and how.
come on, you're my partner, its only fair.
Now, after you've put your hard savings at risk to start the 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 have the good life.
Whether or not, this is "fair"-0some people never can afford to retire-is a different argument. As your partner, I'm happy for you to sell whatever you like-because our agreement says, if yoiu sell, you have to pay me an additional 20% of whatever the capitalized value of the business at that time.
I kn ow, I know,you put up all the original capital, you took all yhe risks, you put in all the labor, thats all true. But I've done my part too, Ive 50% of the profits each year. And I've always come up with more rules for you to follow each year, therefore, IU deserve another, final 20% slice of the business.
Oh, and just one more thing
Even after you've sold the business and paid all of my fees, I'd recommend buying lots of insurance. You see, even after you'v e been retired for. years, when you die, you'll have to pay me 50% ofr whatever your estate is worth.
After all, I've got lots of partners and not all of them are as sucessful 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 unsurance , you can finance this expense for your children.
All in all, if you';/re a very sucessful entrirepreneur - If your one of the rare, lucky and hard working people who can create a new company, enjoy lots of people and satisfy the public--you'll end paying me more than 75% of your income over your life
Thanks so much
'm sure you'll think my offer is a reasonable and happily partner with me-- but if it doesn't realy 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 midle of the night, threaten you and your family with heavy, automatic weapons and throw you in jail.
This ius how civiul society is supposed to work, right? This is A,erika, isn't it
thats the offer Amerika give its entreprenuwers. And the idiots in Washington wonder why there no new jobs.
Originall posted by Porter Shansberry on June 17, 2012
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