The Tragedy of Detroit: “It Didn’t Have to Be This Way”

 

Advertisements

6 Responses to “The Tragedy of Detroit: “It Didn’t Have to Be This Way””

  1. politicallyincorrectandnotadumbredneck Says:

    When 60% of your population leaves, bankruptcy is going to happen eventually.

    Just like the ghost towns in the American west. The mine closes, people pick up and leave, then you have a ghost town.

    Has nothing to do with the politics no matter how right wingers want it desperately to be so.

  2. CodeSlinger Says:

    politicallyincorrectandnotadumbredneck:

    Sure.

    Let’s not ask why those people left.

    Let’s just pretend it’s a freak of nature.

    Otherwise we would have to admit the embarrassing truth about the incestuous relationship between progressivism and globalism.

    • Politicallycorrectandnotadumbredneck Says:

      They started leaving in the late 50’s as the auto factories moved further away from the city of Detroit. Then there were the wave of riots in the 60’s which triggered people to move out to suburbia.

      Seriously, look it up.

      It really is disgusting that some want to play politics with this.

      • xanthippa Says:

        Why did the auto factories move further away from the city of Detroit?

        You did listen to the video, right?

        The factories moved out because the City imposed taxes on businesses – so they moved to neighbouring municipalities where doing business was cheaper…

  3. CodeSlinger Says:

    Politicallycorrectandnotadumbredneck:

    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…

    Regards,
    Porter Stansberry


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: