Friday, October 31, 2008

Not Petty at all

I think this is so funny.
This morning I heard two men talking about a large employer in my area who plans to scale back his business if Obama wins. He can afford to do this because he is wealthy and isn’t interested in putting in extra time to maintain or expand his business if it means he will pay more taxes as Obama has promised. People will lose their jobs if this happens.

If this occurs, it won’t be based on pettiness or pique. The business owner has reached a point in his life where he doesn’t want to work for less money or a marginal amount of additional money. Of course, I doubt his employees agree with this perspective but ultimately it’s the business owner’s decision when he reaches the point where the effort isn’t worth the return.

This kind of reaction to just the possibility of a change in the top marginal tax rate from 36% to 28% isn't petty at all. It's perfectly rational.

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