What do you do on a rainy Monday?
You start a business.
Having just picked up my order in a local fast food restaurant I regularly patronize (not eating healthy here so sorry Mrs. Obama) I sat down to enjoy it. At a nearby table I hear four guys talking about setting up of all things a holding company and a Subchapter S Corporation. Pretty heady stuff and not just because the meeting wasn't in some corporate lawyer's office. Turns out this was the first corporate board meeting of a new business incorporated just last week. Imagine that, new commerce in the state, California, with arguably the worst business climate in the nation. Appropriately the weather climate was dismal as well.
The CEO, CFO, COO, and Secretary were all at the table signing various legal documents formalizing the new business. These titles, meaningless as they are, are required by the government. The business listed it's address as the home of the CEO. Discussions ensued and the acronyms flew. There was SDI (not Strategic Defense Initiative or Starwars) because California, among many other things has a mandated State Disability Insurance program. There also was the alphabet soup of withholdings from payroll. On it went.
I left but the meeting was still going on. What I witnessed was, if you are a far left zealot, the birth of an evil corporation. After all, regardless of size, corporations are viewed by the left as actually being living, breathing entities sucking the life force from the poor oppressed masses and being aided and abetted by corporate greed heads.
Some may say this is a "fools rush in" moment. I view it as a pocket of resistance to the many Mubarack moments that have come over government at all levels for so many years. As the Federal Government considers a $3.6 trillion budget it would do well to think about these fat cat corporate types who end up paying for the waste and inefficiency of a government addicted to unhealthy spending. Mrs. O should spend more time being a deficit hawk urging Mr. O to trim the fat from the Fed waistline and not worry so much about being a calorie hawk and nannying the American public to distraction.
Four guys starting a business in California. I admire their courage. Let freedom ring.
Having just picked up my order in a local fast food restaurant I regularly patronize (not eating healthy here so sorry Mrs. Obama) I sat down to enjoy it. At a nearby table I hear four guys talking about setting up of all things a holding company and a Subchapter S Corporation. Pretty heady stuff and not just because the meeting wasn't in some corporate lawyer's office. Turns out this was the first corporate board meeting of a new business incorporated just last week. Imagine that, new commerce in the state, California, with arguably the worst business climate in the nation. Appropriately the weather climate was dismal as well.
The CEO, CFO, COO, and Secretary were all at the table signing various legal documents formalizing the new business. These titles, meaningless as they are, are required by the government. The business listed it's address as the home of the CEO. Discussions ensued and the acronyms flew. There was SDI (not Strategic Defense Initiative or Starwars) because California, among many other things has a mandated State Disability Insurance program. There also was the alphabet soup of withholdings from payroll. On it went.
I left but the meeting was still going on. What I witnessed was, if you are a far left zealot, the birth of an evil corporation. After all, regardless of size, corporations are viewed by the left as actually being living, breathing entities sucking the life force from the poor oppressed masses and being aided and abetted by corporate greed heads.
Some may say this is a "fools rush in" moment. I view it as a pocket of resistance to the many Mubarack moments that have come over government at all levels for so many years. As the Federal Government considers a $3.6 trillion budget it would do well to think about these fat cat corporate types who end up paying for the waste and inefficiency of a government addicted to unhealthy spending. Mrs. O should spend more time being a deficit hawk urging Mr. O to trim the fat from the Fed waistline and not worry so much about being a calorie hawk and nannying the American public to distraction.
Four guys starting a business in California. I admire their courage. Let freedom ring.
posted by tovarich at 12:37 PM
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