Quote:
Originally Posted by Relentless
Years ago I used to deal with D&B quite a bit. Companies routinely stalled on sending them the data needed to keep their rating current... to the point where I have seen companies stall off an entire bad year and then send the better year following to maintain higher ratings. I don't know if they have tightened much in the last several years but back in the day it was very easy to work around it. The bond rating of the US is even easier to work around. Nobody seriously thinks the US will default on its debts... at least not yet.
You still seem to think your situation is 'typical' of the people in the 1% but unfortunately it isn't. Anyone making their money on carried interest and dividends by pushing paper rather than building equity and actually producing something had their taxes unaffected entirely by this 'deal' whether they make 400K per year or 400M per year. The guy who makes 410K won't be hit hard, his taxes are the same on all but the last 10K he earns. This is the billionaires and post-nationalists continuing to piss on the millionaires and people who actually do create jobs in this country while blaming poor people for voting either way when both 'sides' are owned by the exact same oligarchs.  |
I don't think it's typical because I am a long way from being a billionaire.
I think it's typical for the vast majority of companies that will be affected. I don't think there are many people in business that won't cover the increase by simply raising prices. That's just how it's done. Whether materials or labor go up we still have to raise the prices. If you have business loans every bank I have ever worked with will only service loans that meet a minimum level of profitability. We do what we need to do.