QOD

Filed in National by on February 9, 2009

How is writing off company losses going to create Jobs?

and

How does allowing a company to write off losses support a free market economy?

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  1. Not Brian says:
    February 9, 2009 at 9:43 am

    Much better question.

    🙂

  2. anon says:
    February 9, 2009 at 9:48 am

    http://delawarelibertarian.blogspot.com/2009/02/unintentional-lesson-in-capitalism-and.html

  3. Unstable Isotope says:
    February 9, 2009 at 10:05 am

    I doubt it creates jobs but it probably helps preserve jobs.

  4. John Feroce says:
    February 9, 2009 at 12:12 pm

    Start ups “capitalize” their businesses in the early years.

    Therefore for a number of them caught in the middle of their launch stage (and not having access to capital given the banking circumstances), they would technically have access to some of their original funds, thus be able to “launch” the revenue generating stage of the business. That’s the stage you hire personnel outside of the founders and few key folks. Otherwise its like having food in the freezer and no microwave to prepare it and make it edible. This country is peppered with great start up companies as we speak that can’t launch.

    However, keep in mind Obama’s team is tepid in supporting this, because you are given money to businesses that have not paid taxes due to not having generated revenue yet.

    The fact is though, start ups and other support for entrepreneurial efforts are the fastest way to put people in jobs, with big upsides and opportunities.

  5. Donhusseinsquishviti says:
    February 9, 2009 at 12:15 pm

    riggggghtttttttt, the only problem is Giovanni, is these tax breaks hardly get used by “startups” and you know it.

  6. John Feroce says:
    February 9, 2009 at 12:16 pm

    I am giving you the reality on the ground as to how it can help start ups. The rest of it, is for others to add comment to.

  7. cassandra_m says:
    February 9, 2009 at 12:31 pm

    The DELibertarian post is hilarious!

    This is my post here, it doesn’t take much to get these guys launched off onto their usual scoldings.

    Note that Steve’s post gets material facts wrong and makes a bunch of assumptions about my situation that pretty much allow him to get to the scold du jour. But even more — the comment of mine he is responding to certainly makes no claims that taxes aren’t passed on to the customer. Of course they are.

    But have you noticed in all of that Steve still hasn’t responded to the original question by DV? And why would he, really, when there is a ripe opportunity to make stuff up about my post AND then to use that made up stuff to take me to task for a claim I never made.

    Forget about it.

  8. Not Brian says:
    February 9, 2009 at 5:13 pm

    There are a million better ways to provide support to small businesses…

    This piece of the legislation is a giveaway to Financial Institutions which have had the greatest losses. The homebuilders and car companies will also benefit.

    I gaurantee 99% of the benefit of this provision goes to Fortune 500 firms, and most of that will fo to firms that have managed themselves badly and helped create the crisis. GM, Ford, Chrysler, B of A, and Citi by themselves will probably have more than half of the benefit. I doubt very seriously that it will in any way work it’s way through to being stimulative in any meaningful way (well, except for the politicians who got this put in the bill).

  9. Donhusseinsquishviti says:
    February 9, 2009 at 6:15 pm

    but, but, but, but

    startups

    small business’

    mom and pop

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