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An increase in the capital gains tax is basically an increase in government business ownership. For example, if the government increases capital gains by 10% they effectively own 10% more of your business. Because if you ever sold your business the government would take that percentage of the profit. When the press talks about who is impacted by potential capital gains hikes they focus on rich fat cats. But the truth is that millions of small business owners and retirees are the ones who really take the biggest hit.
I’m a guest panelist at the IssuesLive event tomorrow in St. Paul, MN. The event is sponsored by an organization called Microbusiness Strategies. I served as a call-in guest on a radio show program they moderated last year. The panelists include business people, entrepreneurs, out-of-work-meteorologists and politicians. I have no idea what I’m going to talk about because the panelists field questions from the audience in a town-hall meeting format. The audience members are small business (micro business) owners and entrepreneurs. This is going to be interesting…
REDUX: I served on a panel that included both business and political leaders — Congressman Keith Ellison, Secretary of State Mark Ritchie, Commissioner Dan McElroy, and former TV weatherman Paul Douglas. The attendee turnout was lower than I expected. But this was a first-time event marketed towards very small business owners. These are the kind of people that probably don’t have much free time to attend networking events. The event devolved into a discussion of the resources provided by the State to small business owners. I kind of expected this since we had so many government people in the room. I managed to get a couple statements in edgewise so hopefully my presence was worthwhile. The event was recorded and broadcast on the Internet somewhere. I’ll try to provide a link in a future posting.
