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Letter From The Boss

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epanzella

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I didn't write this but I sure agree with it.

 

To All My Valued Employees,

 

There have been some rumblings around the office about the future of this

company, and more specifically, your job. As you know, the economy

has changed for the worse and presents many challenges.

However, the good news is this: The economy doesn't pose a threat to your

job. What does threaten your job however, is the changing

political landscape in this country.Let me tell you some little tidbits of

fact which might help you decide what is in your best interests.

First, while it is easy to spew rhetoric that casts employers against

employees, you have to understand that for every business owner

there is a back story. This back story is often neglected and overshadowed

by what you see and hear.

 

Sure, you see me park my Mercedes outside.You've seen my big home at last

years Christmas party. I'm sure; all these flashy icons of luxury conjure

up some idealized thoughts about my life. However, what you don't see is the

back story.

I started this company 28 years ago. At that time, I lived in a 300 square

foot studio apartment for 3 years. My entire living apartment

was converted into an office so I could put forth 100% effort into building

a company, which by the way, would eventually employ you.

My diet consisted of Ramen Pride noodles because every dollar I spent went

back into this company. I drove a rustyToyota Corolla with a

defective transmission. I didn't have time to date. Often times, I stayed

home on weekends, while my friends went out drinking and partying.

In fact, I was married to my business -- hard work, discipline, and

sacrifice.

Meanwhile, my friends got jobs. They worked 40 hours a week and made a

modest $50K a year and spent every dime they earned.

They drove flashy cars and lived in expensive homes and wore fancy designer

clothes.

Instead of hitting the Nordstrom's for the latest hot fashion item, I was

trolling through the discount store extracting any clothing item that

didn't look like it was birthed in the 70's. My friends refinanced their

mortgages and lived a life of luxury. I, however, did not. I put my

time, my money, and my life into a business with a vision that eventually,

some day, I too, will be able to afford these luxuries my friends supposedly

had.

 

So, while you physically arrive at the office at 9am, mentally check in at

about noon, and then leave at 5pm, I don't. There is no

"off" button for me.When you leave the office, you are done and you have a

weekend all to yourself. I unfortunately do not have the freedom. I

eat, and breathe this company every minute of the day. There is no rest.

There is no weekend. There is no happy hour. Every day this business

is attached to my hip like a one-year old special-needs child. You, of

course, only see the fruits of that garden -- the nice house, the Mercedes,

the vacations... you never realize the back story and the sacrifices I've

made.

 

Now, the economy is falling apart and I, the guy that made all the right

decisions and saved his money, have to bailout all the people who didn't.

The people that overspent their paychecks suddenly feel entitled to the same

luxuries that I earned and sacrificed a decade of my life for.

 

Yes, business ownership has is benefits but the price I've paid is steep and

not without wounds.Unfortunately, the cost of running this business, and

employing you, is starting to eclipse the threshold of marginal benefit and

let me tell you why. I am being taxed to death and the government thinks I

don't pay enough. I have state taxes. Federal taxes. Property taxes. Sales

and use taxes. Payroll taxes. Workers compensation taxes. Unemployment

taxes.Taxes on taxes. I have to hire a tax man to manage all these taxes and

then guess what? I have to pay taxes for employing him. Government mandates

and regulations and all the accounting that goes with it, now occupy most of

my time. On Oct 15th, I wrote a check to the US Treasury for $288,000 for

quarterly taxes. You know what my "stimulus" check was? Zero. Nada. Zilch.

 

The question I have is this: Who is stimulating the economy? Me, the guy who

has provided 14 people good paying jobs and serves over

2,200,000 people per year with a flourishing business? Or, the single mother

sitting at home pregnant with her fourth child waiting for her

next welfare check? Obviously, government feels the latter is the economic

stimulus of this country.The fact is, if I deducted (Read: Stole) 50% of

your paycheck you'd quit and you wouldn't work here. I mean, why should you?

That's nuts. Who wants to get rewarded only 50% of their hard work? Well, I

agree which is why your job is in jeopardy.

 

Here is what many of you don't understand ... to stimulate the economy you

need to stimulate what runs the economy. Had the government

suddenly mandated to me that I didn't need to pay taxes - guess what?

Instead of depositing that $288,000 into the Washington black-hole, I

would have spent it, hired more employees, and generated substantiale

conomic growth. My employees would have enjoyed the wealth of that tax

cut in the form of promotions and better salaries. But you can forget it

now. When you have a comatose man on the verge of death, you don't

defibrillate and shock his thumb thinking that will bring him back to life,

do you? Or, do you defibrillate his heart? Business is at the heart of

America and always has been. To restart it, you must stimulate it, not kill

it. Suddenly, the power brokers in Washington believe the poor

ofAmerica are the essential drivers of the American economic engine. Nothing

could be further from the truth and this is the type of change

you can keep.

 

So where am I going with all this? It's quite simple. If any new taxes are

levied on me, or my company, my reaction will be swift and simple. I fire

you. I fire your co-workers. You can then plead with the government to pay

for your mortgage, your SUV, and your child's future. Frankly, it isn't my

problem any more.Then, I will close this company down, move to another

country, and retire. You see, I'm done. I'm done with a country that

penalizes the productive and gives to the unproductive. My motivation to

work and to provide jobs will be destroyed, and with it, will be my

citizenship.

 

So, if you lose your job, it won't be at the hands of the economy; it will

be at the hands of a political hurricane that swept through this country,

steamrolled the constitution, and will have changed its landscape forever.

If that happens, you can find me sitting on a beach, retired, and with no

employees to worry about....

 

Signed,

Your boss

Ed Panzella


"BAITS MOTEL" - 2450 Maycraft Pilothouse


Higganum, Ct

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View PostI didn't write this but I sure agree with it.

 

To All My Valued Employees,

 

There have been some rumblings around the office about the future of this

company, and more specifically, your job. As you know, the economy

has changed for the worse and presents many challenges.

However, the good news is this: The economy doesn't pose a threat to your

job. What does threaten your job however, is the changing

political landscape in this country.Let me tell you some little tidbits of

fact which might help you decide what is in your best interests.

First, while it is easy to spew rhetoric that casts employers against

employees, you have to understand that for every business owner

there is a back story. This back story is often neglected and overshadowed

by what you see and hear.

 

Sure, you see me park my Mercedes outside.You've seen my big home at last

years Christmas party. I'm sure; all these flashy icons of luxury conjure

up some idealized thoughts about my life. However, what you don't see is the

back story.

I started this company 28 years ago. At that time, I lived in a 300 square

foot studio apartment for 3 years. My entire living apartment

was converted into an office so I could put forth 100% effort into building

a company, which by the way, would eventually employ you.

My diet consisted of Ramen Pride noodles because every dollar I spent went

back into this company. I drove a rustyToyota Corolla with a

defective transmission. I didn't have time to date. Often times, I stayed

home on weekends, while my friends went out drinking and partying.

In fact, I was married to my business -- hard work, discipline, and

sacrifice.

Meanwhile, my friends got jobs. They worked 40 hours a week and made a

modest $50K a year and spent every dime they earned.

They drove flashy cars and lived in expensive homes and wore fancy designer

clothes.

Instead of hitting the Nordstrom's for the latest hot fashion item, I was

trolling through the discount store extracting any clothing item that

didn't look like it was birthed in the 70's. My friends refinanced their

mortgages and lived a life of luxury. I, however, did not. I put my

time, my money, and my life into a business with a vision that eventually,

some day, I too, will be able to afford these luxuries my friends supposedly

had.

 

So, while you physically arrive at the office at 9am, mentally check in at

about noon, and then leave at 5pm, I don't. There is no

"off" button for me.When you leave the office, you are done and you have a

weekend all to yourself. I unfortunately do not have the freedom. I

eat, and breathe this company every minute of the day. There is no rest.

There is no weekend. There is no happy hour. Every day this business

is attached to my hip like a one-year old special-needs child. You, of

course, only see the fruits of that garden -- the nice house, the Mercedes,

the vacations... you never realize the back story and the sacrifices I've

made.

 

Now, the economy is falling apart and I, the guy that made all the right

decisions and saved his money, have to bailout all the people who didn't.

The people that overspent their paychecks suddenly feel entitled to the same

luxuries that I earned and sacrificed a decade of my life for.

 

Yes, business ownership has is benefits but the price I've paid is steep and

not without wounds.Unfortunately, the cost of running this business, and

employing you, is starting to eclipse the threshold of marginal benefit and

let me tell you why. I am being taxed to death and the government thinks I

don't pay enough. I have state taxes. Federal taxes. Property taxes. Sales

and use taxes. Payroll taxes. Workers compensation taxes. Unemployment

taxes.Taxes on taxes. I have to hire a tax man to manage all these taxes and

then guess what? I have to pay taxes for employing him. Government mandates

and regulations and all the accounting that goes with it, now occupy most of

my time. On Oct 15th, I wrote a check to the US Treasury for $288,000 for

quarterly taxes. You know what my "stimulus" check was? Zero. Nada. Zilch.

 

The question I have is this: Who is stimulating the economy? Me, the guy who

has provided 14 people good paying jobs and serves over

2,200,000 people per year with a flourishing business? Or, the single mother

sitting at home pregnant with her fourth child waiting for her

next welfare check? Obviously, government feels the latter is the economic

stimulus of this country.The fact is, if I deducted (Read: Stole) 50% of

your paycheck you'd quit and you wouldn't work here. I mean, why should you?

That's nuts. Who wants to get rewarded only 50% of their hard work? Well, I

agree which is why your job is in jeopardy.

 

Here is what many of you don't understand ... to stimulate the economy you

need to stimulate what runs the economy. Had the government

suddenly mandated to me that I didn't need to pay taxes - guess what?

Instead of depositing that $288,000 into the Washington black-hole, I

would have spent it, hired more employees, and generated substantiale

conomic growth. My employees would have enjoyed the wealth of that tax

cut in the form of promotions and better salaries. But you can forget it

now. When you have a comatose man on the verge of death, you don't

defibrillate and shock his thumb thinking that will bring him back to life,

do you? Or, do you defibrillate his heart? Business is at the heart of

America and always has been. To restart it, you must stimulate it, not kill

it. Suddenly, the power brokers in Washington believe the poor

ofAmerica are the essential drivers of the American economic engine. Nothing

could be further from the truth and this is the type of change

you can keep.

 

So where am I going with all this? It's quite simple. If any new taxes are

levied on me, or my company, my reaction will be swift and simple. I fire

you. I fire your co-workers. You can then plead with the government to pay

for your mortgage, your SUV, and your child's future. Frankly, it isn't my

problem any more.Then, I will close this company down, move to another

country, and retire. You see, I'm done. I'm done with a country that

penalizes the productive and gives to the unproductive. My motivation to

work and to provide jobs will be destroyed, and with it, will be my

citizenship.

 

So, if you lose your job, it won't be at the hands of the economy; it will

be at the hands of a political hurricane that swept through this country,

steamrolled the constitution, and will have changed its landscape forever.

If that happens, you can find me sitting on a beach, retired, and with no

employees to worry about....

 

Signed,

Your boss

 

 

BJd1osm9mjQ
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View PostFinally I understand supply side economics and why the Chinese economy has flourished.

 

 

Eating Ramen noodles creates jobs. cwm40.gif

 

45% of the Chinese economy is fed by money they get from us as we cut our own thoats with a 3/4 trillion dollar trade deficite. When people in the country wake up (if it's not too late) China won't be doing so well.

Ed Panzella


"BAITS MOTEL" - 2450 Maycraft Pilothouse


Higganum, Ct

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The chinese economy is getting worse, reportedly it receded for the first time in 15 years last month- this only make matter worse for us. Hold on.

 

Good letter though, something you could send your friends that are clueless of whats going on- provided they'd bother to read it.

 

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View Post45% of the Chinese economy is fed by money they get from us as we cut our own thoats with a 3/4 trillion dollar trade deficite. When people in the country wake up (if it's not too late) China won't be doing so well.

 

Unless they can find out how to sell things to the 1 billion rural farmers that don't live in the megacities. That will be a challege...

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