Friday, September 9, 2011
Obama's Job Speech
Next we come to tax credits for job creation, with special credits for hiring the chronically unemployed (that smells a bit) and for hiring military veterans. Obviously, if someone has been unemployed for a very long time, there is usually a reason for it and trying to bribe people into hiring those proven incapable of holding a job is just silly and will never work. Hiring anybody is too risky these days. As for the veterans, I don’t know of any business that would not love to hire veterans, if not out of the goodness of the heart, then simply so they could say in their advertisements that they are a “patriotic” business that hires more ex-servicemen than anyone else. The problem with hiring people is that (thanks to the government and Obama in particular) there are way too many strings attached. An employer takes a risk on hiring somebody and he/she is suddenly on the hook for a whole lot of potential expenses (even near ruinous expenses) if everything doesn’t work out just right. Why do they think so many people hire illegal aliens? Because there are no strings attached. They do a job and they get paid -that’s it and that’s all. What would help more than tax credits would be a simplification of the tax code but, no one is ever going to go for that.