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Thread: I heard Obama say...
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04-05-10, 05:58 PM #61
Re: I heard Obama say...
Originally Posted by Red_Lizard2
One thing you are forgetting about Red Lizard is that markup comes from more than just greedy intentions from the business. There are far more costs associated with running a business that affect you profit than your markup. Some businesses might have massive startup loans to pay for, as well as electricity, gas, internet, supplier, vehicle, insurance, franchise, labor costs, taxes (oh yeah), blah, blah, blah. A lot of the added "cost" to the consumer is because of the "cost" of doing business. While supply and demand do factor in to markup, I tend to believe that most of the reason for markup is the costs associated with doing said business. The SBA says that small businesses represent around 99% percent of all the nation’s employer businesses. Data also show that they employ roughly 58 million Americans or 50.6 percent of the non-farm private sector workforce. The SBA also says that only around 50% of new businesses survive for more than 5 years. Not very good odds is is?? These are the kind of businesses that do their very best to help the public good by supporting locals school, non-profit events, and random charities, not because they want their name on a pamphlet, but because it's the right thing to do. They are part of the community and by being part of the community they help out wherever they can. Big business is who you might be referring to when you mention things "like one of a kind" products, serious marketing and demographic analysis, and MTV adverstising. I don't think they come close to falling into the same category as your "average joe who owns a business". And while they may have more money to contribute, and many of them do, I don't see how we can judge their markup to be only based on profiteering or price gouging.
I guess since I am a small business owner I see things from a perspective than most people. I think small business owners such as myself, see ourselves as providers of services and goods to the community. If I HAD to build a road to my business when I started it, then it would have been in my business plan and would have been accounted for in the cost of start up. Since there was no need for the road to my business, I didn't put it in my business plan, and didn't have to pay for it. But any new business that doesn't have a road leading to it that is near me (in my taxable area), and needs one to be built, I WILL help pay for with taxes collected from my business.
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