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Guest Post: The Ten Best Employers To Work For

Tyler Durden's picture




 

Submitted by Charles Hugh-Smith of OfTwoMinds blog,

The insecurity of self-employment can generate a far more resilient life and mindset.

 
There are all sorts of "10 best companies to work for" lists, but I've assembled a slightly broader list: The Ten Best Employers To Work For. Without further ado, let's go to number 1:
1. Yourself
 
Surprised? Expecting Google or Zappos? The National Security Agency? Nope, not even close. It's you--yes, you, Bucko. You're the best employer to work for. OK, on to the rest of the list:
 
2.  Yourself
3.  Yourself
4.  Yourself
5.  Yourself
6.  Yourself
7.  Yourself
8.  Yourself
9.  Yourself
10. Yourself
 
Aren't you glad I didn't make this a "100 best employers" list?
Before you start nitpicking the list: yes, there is only one of you, so the list is somewhat repetitive.
 
And yes, there are some downsides to working for yourself. For example:
1. There's no point in leaving a snippy note on the fridge to the sneaky co-worker who stole your bagel: oops, you ate it during coffee break #3 without noticing. Dang, accepting responsibility sucks.
 
2. When you launch a full-blown rant against your psycho, control-freak, demanding boss, you're doing so in front of a mirror. Sigh--it's just no longer fun blaming the boss.
 
3. Excuses don't fly too far with clients and customers.
 
4. Nobody cares when you show up or how productive you are except you.
 
5. Shouting "Take this job and shove it" isn't quite as satisfying.
 
All those stupid regulations you chafed under: gone. All those impossible demands that stressed you out: gone. All those shiftless, incompetent co-workers: gone. Time cards: gone. Staff meetings: gone. People to blame for your troubles: gone. Paycheck: gone.
 
Do you really miss anything but the last item? But really, wasn't that paycheck the chain that bound you to serfdom?
 
Here's the dirty little secret of the U.S. economy: you're already working for yourself now unless you're in the Armed Forces or a civilian equivalent. The clock is ticking on all those promises of pensions and benefits for life you think separate you from the self-employed entrepreneur. Maybe the promises pay out for a few more years, maybe even a decade, but they are impermanent for the simple reason that the promises made (and the nation's debts) far exceed the economy's ability to pay those promises and debts in dollars retaining today's purchasing power.
 
Either the promises will be broken/defaulted, or a $2,000/month pension will buy a loaf of bread and a gallon of gasoline. There is no other end-state other than default or inflate-away-the-debt/promises.
 
You already know how "valued" you are by your corporate/agency employer. All that rah-rah "team-building" stuff is nice for the younger employees who are still naive enough to believe the propaganda at face value, but once the layoffs start again (if they ever stopped), then all that rah-rah cheerleading loses its sparkle.
 
Many employees are waking up to find themselves in 1099 nation: no benefits, no tax withholding, no matching 401K, no status as an employee, just a contract and a 1099 statement at year end.
 
In a sense being self-employed simply means stripping away the artifice that somebody else is going to take care of you or give you "free money." Once we understand the promised security is bogus, self-employment doesn't feel so risky--it feels like embracing the risk that is hidden behind the flimsy facade of team-building, "guaranteed" pensions and all the rest of the unpayable promises.
The self-employed person generally trades "security" for job satisfaction. The compensation may be higher or lower, but it will likely be lower. The earnings will likely be more sporadic and uncertain.
 
 
But ironically, perhaps, the insecurity of self-employment can generate a far more resilient life and mindset. Instead of counting on Big Brother in one form or another to provide retirement, the self-employed person builds their own human, social and financial capital. Those who rely on Big Brother are terribly vulnerable should Big Brother fail to make good on on his extravagant promises to 310 million people.
 
Gaining power and control over your life doesn't come cheap. Does anything really worthwhile come cheap? Knowledge, tradecraft, experience, networks of trusted suppliers, expertise: none of them come easy or cheap. All must be gained the hard way.
 
No wonder self-employment is down. It's tough to scratch out a living as an entrepreneur. It can be wearisome, but never as wearisome as a job you loathe. 
 

In August, 14.5 million people were self-employed, down 2.1 million from the most recent peak in December 2006, according to Bureau of Labor Statistics data.The number of "incorporated" self-employed workers — those who incorporate to gain legal protection and other benefits — began its decline in 2008. Last month, 5.1 million people were in this category, down 726,000 from August 2008.
Unincorporated self-employed — at 9.4 million last month — has changed little since last spring. It's hovering at its lowest level in 25 years, says BLS economist Steven Hipple.

Working for others is a good idea while you're building skills and networks. By all means, work for someone else while you're learning the ropes, and give them 150% value on the paycheck they hand you. Heck, if you find a decent employer, work part-time for them while you build your own income streams/career. You might even work part-time for several like-minded people and yourself on the side.
 
Interestingly, this survey found that the self-employed often see their work as helping society. How many employees feel that? I mention this as an example of the intangible benefits of working for yourself.
 
 
 

According to research by Economic Modeling Specialists International, the number of people who primarily work on their own has swelled by 1.3 million since 2001 to 10.6 million, a 14% increase.This rise is partially reflective of hard times, and many of the self-employed earn only modest livings in fields such as childcare and construction. However the shift to self-employment is likely to accelerate in the future, and into higher-paying professions, for reasons including the ubiquity of the Internet, which makes it easier for some types of business to use independent contractors, as well as the reluctance of large firms to hire full-time employees with benefits.

How can self-employment be falling and rising? It depends on how you count the self-employed. The Bureau of Labor Statistics (BLS) divides the self-employed into two categories, incorporated (about 5 million) and unincorporated (about 10 million). Incorporated self-employed people are often professionals such as doctors, accountants and attorneys who value the legal benefits of a corporation or LLC (limited liability company).
 
To further confuse things, the BLS counts the incorporated self-employed as "wage earners" because they draw paychecks from themselves. So right off the bat we find a confusion between 14.5 million (total BLS self-employed) and the 10 million (the unincorporated self-employed) reported by the BLS as self-employed.
 
 
The private research firm mentioned above clearly counted those getting 1099s as self-employed, even if they are contract workers laboring alongside employees, as is often the case in Corporate America. It appears there are about 7 million people in 1099 nation, hence the other total of self-employed you see in print, 22 million.
 
So the conventional self-employed may be declining while the involuntary self-employed (those getting a 1099 instead of a paycheck) is rising. Of course it's rising: the ObamaCare neutron bomb is about to go off, making employee benefits unaffordable to businesses large and small.
 
 
Right now the self-employed--an enormously diverse mix of everything from micro-sized eBay businesses netting a few thousand dollars a year to professional corporations--comprise about 10% of the workforce (14.5 million self-employed, a total employed workforce of about 142 million). Add in those now getting 1099s instead of paychecks (7 million) and perhaps 14% of the workforce is self-employed (or at least responsible for paying their own quarterly taxes and healthcare insurance--slick move, Corporate America!).
 
For reasons I will discuss tomorrow, this number is very likely to rise.
 
But why, you ask, is working for yourself so great? I'll tell you why. Where else will you find a boss who knows your foibles, flaws and strengths so well? Where will you find a more forgiving boss, one who really understands what makes you tick? What other employer will give you the day off to go fishing because you really need a break? What other employer is going to let you keep everything you earned for the enterprise? And best of all--where else can you be boss and not have to deal with employees?
 

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Thu, 03/28/2013 - 13:14 | 3385849 resurger
resurger's picture

"My self"

Priceless

Thu, 03/28/2013 - 13:22 | 3385873 doomandbloom
doomandbloom's picture

Whom will i moan about then?

Thu, 03/28/2013 - 13:25 | 3385884 otto skorzeny
otto skorzeny's picture

can I sexually harass myself?

Thu, 03/28/2013 - 13:30 | 3385909 whotookmyalias
whotookmyalias's picture

I would say depending on the state, yes. Here in CA I don't think certain acts require to be demonstrated as "unwelcome" in order to qualify.  So even if you enjoy yourself, it may be harassment.

Thu, 03/28/2013 - 13:32 | 3385915 WayBehind
WayBehind's picture

Can you sexually harass yourself? Of course! I do it all the time! :)

Thu, 03/28/2013 - 13:44 | 3385951 MillionDollarBonus_
MillionDollarBonus_'s picture

This denialism is understandable. It's far easier on one's ego to pretend that working for a top tier investment bank or a top law firm is undesirable. The harsh reality however, is that these institutions offer the most desirable compensation packages, and benefits that most people can only dream of receiving. Sadly, top tier institutions are only interested in target schools, and will rigorously screen applicants for not only outstanding academic achievements, but also exceptional leadership skills; a level of elite achievement that most people simply cannot attain.

Thu, 03/28/2013 - 13:49 | 3385965 merizobeach
merizobeach's picture

More than a decade of running my own company has made me unemployable.  There's no going back, bitchez.

And I laugh without sympathy at the serfs.

Thu, 03/28/2013 - 14:07 | 3386029 johnQpublic
johnQpublic's picture

iMPLOYED

iSELF

i can has day off tomorrow...always tomorrow

Thu, 03/28/2013 - 14:49 | 3386183 daxtonbrown
daxtonbrown's picture

I'm in the same boat, I'm too educated to fit in. That means I have no choice but to make my business ventures succeed. Sort of like Cortez burning his ships.

That means hard seven day weeks and a kick in my own pants for slacking off. What am I doing on ZH! Back to work.

Thu, 03/28/2013 - 13:58 | 3385974 kaiserhoff
kaiserhoff's picture

Been there, done that, ass hat.

I can show you dozens of people who went to elite institutions, and worked their butts off to get into the best firms, only to realize that is not the lifestyle any sane person would choose.

Thu, 03/28/2013 - 14:19 | 3386073 mayhem_korner
mayhem_korner's picture

 

 

+1000.  I used to manage a bunch of MIT, Stanford and CM super-quant types.  They can integrate and solve equations with no numbers, but many of them have no street smarts and simply rest on the laurels of their degrees.  I've worked as my own boss for years, and have more to show for it than most of the Ivy League stuffed shirts.  It's one big ruse.

Fri, 03/29/2013 - 12:31 | 3388657 Mr. Magniloquent
Mr. Magniloquent's picture

I was an "investor consultant" for an oil & gas firm. Top floor of a glass tower in the downtown, 150k italian marble conference table, upper 200k compensation. One guy even bagged 1.1 million Q1 2012 due to commisions. I resigned after two months. The whole place was nothing but a megalomaniacal cesspool of dim, preening, talentless, wanna-be alphas. For all the money that was being made, the job was essentially cold-call telemarketing 8 hours a day, 5 days a week with next to no vacation time. There was one grounded gentleman that I would play chess with during lunch--a former investment banker. He said his former job was essentially the same function.

Now I'm laying the ground work to essentially be a high-tech farmer. It's been an interesting life.

Thu, 03/28/2013 - 13:52 | 3385976 natronic
natronic's picture

I think MDB just says stuff to intentionally get people riled up

Thu, 03/28/2013 - 14:26 | 3386085 DollarMenu
DollarMenu's picture

Yes, for MDB to say 'The harsh reality however, is that these institutions offer the most desirable compensation packages, and benefits that most people can only dream of receiving."

and to offer that as the only measure by which one should value the use of one's life is childish at best.

Thu, 03/28/2013 - 14:41 | 3386147 tarsubil
tarsubil's picture

Congrats, you are more fresh and funny than MDB has been for a while. Nothing against MDB, it is just the bit has kinda run its course.

Thu, 03/28/2013 - 14:46 | 3386171 RebelDevil
RebelDevil's picture

TROLL!!! XD

Thu, 03/28/2013 - 15:51 | 3386459 stacking12321
stacking12321's picture

this type of comment is typical of zero-hedgers - you can't reasonably argue against the fact that MDB is right and financial institutions are the best employers around, so instead you attempt to question his motives for saying so.

look, i know you like the thought of being a "rebel", and "sticking it to the man", but the time comes when a child must grow up and be a man, and accept that our institutions exist for a reason, and that reason is to benefit society as a whole as well as each one of us individually!

 

Thu, 03/28/2013 - 17:02 | 3386762 Tunga
Tunga's picture

Brown nosed ass wipe's need apply only. 

Thu, 03/28/2013 - 13:53 | 3385961 kaiserhoff
kaiserhoff's picture

Great article...  One reason why the numbers don't match is that more people than ever are flying under the radar.  Expect more of that, not less.

From my own experience and that of friends, you will be happier self-employed with several modest sources of income, rather than one large business.  It's also more fun.  Easy to burn out on clients, routine, lack of vacation.  Watch what people are doing here, and you will see plenty of interesting niche markets.

Thu, 03/28/2013 - 14:24 | 3386081 NihilistZero
NihilistZero's picture

When more people realize that working small jobs independently can keep you off the IRS radar as well as keep you qualified for the .gov goodies (Food Stamps and such) this will REALLY accelerate.  As has been said Obamacare's unintended (intended???) consequences are going to fundamentaly change the way employment is composed in this country.

Thu, 03/28/2013 - 14:26 | 3386087 MachoMan
MachoMan's picture

I'm pretty sure that everyone that can do that already does it...  you're probably 5+ years late.

Thu, 03/28/2013 - 14:34 | 3386118 kaiserhoff
kaiserhoff's picture

See your point, Macho, but I travel a bit, and the regional differences in this country are staggering.  There are parts of the Midwest where you have to pinch yourself to realize it's not still the '50s, and yes that's good and bad, and just weird.

More to the point, and the point above - I meet people who are just figuring out, that crappy as the present is, Scumbama Care will kill off the last of the full time jobs.

Thu, 03/28/2013 - 15:00 | 3386244 Diogenes
Diogenes's picture

Tell me where those places are, that you can live like it was the 50s?

Thu, 03/28/2013 - 15:10 | 3386282 kaiserhoff
kaiserhoff's picture

You can't quite "live" like it was the 50's, but,

take the roads less traveled - a wide arc south of the corn belt.  Central Missouri through Southern Illinois/Indiana/Ohio, and down along the West side of the Appalachians.

Much of Southern Indiana is national forest.  Buy a few acres up against that, and you have a pretty cheap play ground.

Same look east of the Blue Ridge, but way too pricey.

Thu, 03/28/2013 - 15:15 | 3386299 MachoMan
MachoMan's picture

Much of arkansas is like this...  with cheaper land prices than the rest of the lot...

Thu, 03/28/2013 - 15:21 | 3386320 kaiserhoff
kaiserhoff's picture

Yeah, incomes  don't translate into lifestyle any more, if they ever did.

Thu, 03/28/2013 - 13:22 | 3385879 Ahmeexnal
Ahmeexnal's picture

Know Thyself.

Thu, 03/28/2013 - 13:26 | 3385890 otto skorzeny
otto skorzeny's picture

see above

Thu, 03/28/2013 - 13:30 | 3385896 Dr. Richard Head
Dr. Richard Head's picture

I just went to the Social Security Administration to add up how much I made over the course of the past 19 years of me being employed (I am 34) - $1,102,944.  The most money I have made has been over the past three years as the owner of a company.  Go figure.  Medicare/SS taxes are killing me though.  Over $123K has gone to that ponzi shceme over the 19 years.  That isreally a 10% tax on my income, since the money the employer has to pay into this shit doesn't go to me as it would have normally.  The income tax.......don't even get me started.

I FUCKING HATE THIS SYSTEM!

Thu, 03/28/2013 - 13:30 | 3385904 otto skorzeny
otto skorzeny's picture

SS doesn't even bother sending out yearly reports to me any more and I'm 40. If you're 55 or younger they figure what's the use.

Thu, 03/28/2013 - 13:34 | 3385921 Dr. Richard Head
Dr. Richard Head's picture

My statements stopped coming as well.  The only way I was able to access this was to go to their damned website.  Curiously, they try and push people to give out their cell phone number as a "security" measure.  Fuck them and the President they rode in on.

Thu, 03/28/2013 - 14:18 | 3385979 TruthInSunshine
TruthInSunshine's picture

If anyone here really wants to get physically ill, you can figure out your actual tax rate (at least in nominal terms) only by compiling a comprehensive list of all local, state & federal taxes you pay, whether they're called "taxes," (federal income taxes, state income taxes, property taxes, sales taxes, municipal taxes, gasoline/diesel tax,  "license," "permit," "FICA," etc. etc.

If you have gross income of approximately 40k or more per year, once you add all these together (what I will call "costs," to make it simpler), I would be shocked if your total effective tax rate isn't 50% of your income (think about how many people never bother to contemplate they're paying 40 cents to 90 cents of state and federal taxes per each gallon of gasoline they pump into their vehicles, depending on the state they live in).

Where I live, just the local property taxes on a PRIMARY residence assessed @ 500k run under $11,000 annually (and there's serious talk of doing away with the mortgage deduction at the federal level), and there are states that have much higher local property tax rates than this.

I'll let someone with really accurate and far more detailed knowledge of this let me know if I'm far off base here, though.

When you get into the $100k+ income range, regardless of married or single, is when they really shove it up your ass, and if you have an income or base of wealth that puts you in the "death tax" range, you're simply f*cked.

There was a truly knowledgeable estate & trust expert who gave a presentation to a section of our company who laid out an actual case of a decedent that passed away sometime in the late 1990s, who had a date of death net worth of 300+ million. When the final calculus was done, and the death tax paid, and an analysis was done compiling all the taxes that this person paid in taxes on each dollar earned through her closely held corporation, it turned out that her company generated 14x that amount of what is conventionally thought of as GROSS REVENUE (NOT NET PROFIT) over the years, to allow for a PRE-DEATH/ESTATE TAX net worth of 300 million USD.

The final analysis was that when the business was passed on to her heirs, post-death tax paid (the estate tax was 50% plus a 5% surtax - look up the effective estate tax rates for either 98 or 99 if you think I'm exaggerating), they essentially received 17% of what been the NET VALUE of the business and its various assets, and this didn't even take into factor many transactional taxes incurred in the ordinary course of business paid out over the years by the business, that would have otherwise have accrued to the worth of the business and been passed on.

Thu, 03/28/2013 - 14:24 | 3386082 MachoMan
MachoMan's picture

Not really, the worst area is the $35k-$60k/year range...  basically the range where you make too much to get government support, but too little to be able to practically do any estate/tax planning or otherwise maneuver into tax avoidance.  It's all the same from there til you hit the highest tax bracket...  and then it doesn't really matter too much unless you just do a lot of cocaine and hookers and need the scratch to keep up the habit.

What .gov isn't planning on though is the tax consequences from 1099 nation...  as a self employed person, a plethora of tax avoidance mechanisms become readily available.

Thu, 03/28/2013 - 14:48 | 3386181 tarsubil
tarsubil's picture

Someone did a chart comparing buying power for a range of yearly wages where they included taxes and benefits like food stamps. There were instances where making more money hurt at the lower ranges and generallly, unless you made more than 100K, you had about the same buying power. Yeah, that is a healthy system to work under.

Thu, 03/28/2013 - 14:55 | 3386223 kaiserhoff
kaiserhoff's picture

Yeah, that real mid-range is no fun.  I see why people do it.  The kids like to eat.  But still...

IRS agents are not rocket scientists;)

Thu, 03/28/2013 - 14:03 | 3386021 Professorlocknload
Professorlocknload's picture

Had an old Mormon, reminded me of Harry Reid, tell me, "son, you can work for yourself or you can work for the State. When they make these tax laws, they always put in legitimate loopholes for themselves and their pals. Pretty much anyone can find 'em if they look hard enough"

Automate, outsource*, reinvest, depreciate.Then do the SS tax calcs.

 

*the division of labor is your friend. See http://cafehayek.com/2012/11/23654.html

Thu, 03/28/2013 - 13:15 | 3385851 Rubbish
Rubbish's picture

4 decades over paying myself.

Thu, 03/28/2013 - 13:32 | 3385917 whotookmyalias
whotookmyalias's picture

I definitely demand a salary an benefits package that is much more than I'm willing to pay.  I might even be overqualified.  I just made myself unemployable by myself.

Thu, 03/28/2013 - 14:08 | 3386033 ChanceIs
ChanceIs's picture

How do you deal with those noisome wrongful termination suits?

Thu, 03/28/2013 - 13:18 | 3385860 Spastica Rex
Thu, 03/28/2013 - 13:43 | 3385940 jiggerjuice
jiggerjuice's picture

http://news.cnet.com/8301-32973_3-57440513-296/meet-the-tireless-entrepr...

Talk about taking care of business.

You're welcome.

Thu, 03/28/2013 - 13:18 | 3385861 RaymondKHessel
RaymondKHessel's picture

ME

Thu, 03/28/2013 - 13:19 | 3385863 Cacete de Ouro
Cacete de Ouro's picture

Avoid lying shifty bosses who hail from a country with a cresent and single star on a green field background, and that pretend to be more American than the Americans themselves...

Thu, 03/28/2013 - 13:34 | 3385920 TBT or not TBT
TBT or not TBT's picture

He pretends to be an African American and isn't. That was all a pose. He was largely raised by white liberal radicals, with the father figure present being a prolific communist, and the Kenyan father who was not present constantly referrred to in glowing terms by the mother, even though he was a pathetic loser. The father's big thing was getting revenge on the colonial powers, and that "dream" from obama's genetic father Obama claims is his own. He is at it now, destroying the USA.

Thu, 03/28/2013 - 13:21 | 3385866 mjorden
mjorden's picture

As acting CEO, CIO, CFO, CTO ... my first act is to .. outsource.

Thu, 03/28/2013 - 14:34 | 3386105 ali-ali-al-qomfri
ali-ali-al-qomfri's picture

I’m the CEO when sitting on the toilet

and the Sanitation Custodian when I flush.

 

edit; a clean serparation of doodies.

 

Thu, 03/28/2013 - 18:39 | 3387073 Suraj Corominas
Suraj Corominas's picture

That's one sure way to hire a workforce that doesn't give a toss about whether your company succeeds or not. 

Thu, 03/28/2013 - 13:34 | 3385867 Cognitive Dissonance
Cognitive Dissonance's picture

I have three employees. Me, Myself and I

< I is my favorite, but what do I know?>

Thu, 03/28/2013 - 14:22 | 3386076 kaiserhoff
kaiserhoff's picture

What about Yours Truly?

Thu, 03/28/2013 - 13:21 | 3385872 BullyBearish
BullyBearish's picture

Get Ready for April

 

The Desk plans to purchase approximately $45 billion in Treasury securities over the month of April.

Purchase Operations Operation Date1 Settlement Date Operation Type Maturity Range Expected Purchase Size Mon, Apr 01, 2013 Tue, Apr 02, 2013 Outright Treasury Coupon Purchases 05/15/2020 - 02/15/2023 $2.75 - $3.50 billion Tue, Apr 02, 2013 Wed, Apr 03, 2013 Outright Treasury Coupon Purchases 02/15/2036 - 02/15/2043 $1.25 - $1.75 billion Wed, Apr 03, 2013 Thu, Apr 04, 2013 Outright Treasury Coupon Purchases 01/31/2019 - 03/31/2020 $3.00 - $3.75 billion Thu, Apr 04, 2013 Fri, Apr 05, 2013 Outright Treasury Coupon Purchases 02/15/2036 - 02/15/2043 $1.25 - $1.75 billion Mon, Apr 08, 2013 Tue, Apr 09, 2013 Outright TIPS Purchases 04/15/2017 - 02/15/2043 $1.00 - $1.50 billion Tue, Apr 09, 2013 Wed, Apr 10, 2013 Outright Treasury Coupon Purchases 02/15/2036 - 02/15/2043

$1.25 - $1.75 billion

Thu, Apr, 11, 2013 Fri, Apr 12, 2013 Outright Treasury Coupon Purchases 05/15/2020 - 02/15/2023 $2.75 - $3.50 billion Fri, Apr 12, 2013 Mon, Apr 15, 2013 Outright Treasury Coupon Purchases 02/15/2036 - 02/15/2043 $1.25 - $1.75 billion Mon, Apr 15, 2013 Tue, Apr 16, 2013 Outright Treasury Coupon Purchases 01/31/2018 - 12/31/2018 $4.75 - $5.75 billion Wed, Apr 17, 2013 Thu, Apr 18, 2013 Outright Treasury Coupon Purchases 02/15/2036 - 02/15/2043 $1.25 - $1.75 billion Thu, Apr 18, 2013 Fri, Apr 19, 2013 Outright Treasury Coupon Purchases 05/15/2020 - 02/15/2023 $2.75 - $3.50 billion Fri, Apr 19, 2013 Mon, Apr 22, 2013 Outright Treasury Coupon Purchases 02/15/2036 - 02/15/2043 $1.25 - $1.75 billion Mon, Apr 22, 2013 Tue, Apr 23, 2013 Outright Treasury Coupon Purchases 01/31/2019 - 03/31/2020 $3.00 - $3.75 billion Tue, Apr 23, 2013 Wed, Apr 24, 2013 Outright Treasury Coupon Purchases 08/15/2023 - 02/15/2031 $0.75 - $1.00 billion Wed, Apr 24, 2013 Thu, Apr 25, 2013 Outright Treasury Coupon Purchases 02/15/2036 - 02/15/2043 $1.25 - $1.75 billion Fri, Apr 26, 2013 Mon, Apr 29, 2013 Outright Treasury Coupon Purchases 05/15/2020 - 02/15/2023 $2.75 - $3.50 billion Mon, Apr 29, 2013 Tue, Apr 30, 2013 Outright Treasury Coupon Purchases 02/15/2036 - 02/15/2043 $1.25 - $1.75 billion Tue, Apr 30, 2013 Wed, May 01, 2013 Outright Treasury Coupon Purchases 04/30/2017 - 12/31/2017 $4.25 - $5.25 billion
Thu, 03/28/2013 - 13:24 | 3385883 Cognitive Dissonance
Cognitive Dissonance's picture

I see the fiat drug addict is now on a drip feed.

Thu, 03/28/2013 - 14:34 | 3386116 Iocosus
Iocosus's picture

What most neglect to take into account is that $45 billion is only the beginning amount in a fractional reserve banking scheme. Multiply that by ten and that's the real number per month.

Thu, 03/28/2013 - 13:23 | 3385880 ghandi
ghandi's picture

You want to see a head mat:

 

http://finance.yahoo.com/blogs/daily-ticker/why-quit-job-now-151346969.html

 

"The changing employment climate has made Altucher an advocate of employees quitting their jobs. He lists 10 reasons why workers should give their two-week notice:

  1. The Middle Class Is Dead
  2. You've Been Replaced
  3. Corporations Don't Like You
  4. Money Is Not Happiness
  5. Count Right Now How Many People Can Make A Major Decision That Can Ruin Your Life
  6. Is Your Job Satisfying Your Needs?
  7. Your Retirement Plan Is For Sh-t
  8. Excuses
  9. It's OK To Take Baby Steps
  10. Abundance Will Never Come From Your Job"
Thu, 03/28/2013 - 13:28 | 3385900 Son of Loki
Son of Loki's picture
Why You Should Quit Your Job Now (Altucher says)

 

 

“If you’re just sitting still, shuffling paper, they’re going to fire you,” he argues. “Cubicles have become commodities. You’re like the walking dead if you have a job.” According to Altucher, businesses used the 2008 financial crisis as an excuse to get rid of “dead wood” and the firing trend hasn’t stopped.

Companies no longer show loyalty to employees. They're more interested in increasing profits and revenue – which means letting go of expensive staff employees (due to health care benefits, 401k contributions) and replacing them with cheaper temp employees. Altucher says this situation is happening in every sector of the economy and he should know – he sits on the board of a publicly traded temp hiring firm.

“If you’re stuck in a cubicle you have a target on your back…the CEO is looking to cut you out,” he declares. “Temp staffing is sweeping the nation.”

 

http://finance.yahoo.com/blogs/daily-ticker/why-quit-job-now-151346969.html

Thu, 03/28/2013 - 13:43 | 3385948 ghandi
ghandi's picture

Trump's got nothing on this guy's rug

Thu, 03/28/2013 - 13:46 | 3385957 Creepy Lurker
Creepy Lurker's picture

"You want to see a head mat"

Wow, it's my mother's hairdo from the 60's. LMAO

Thu, 03/28/2013 - 18:54 | 3387114 Dave Thomas
Dave Thomas's picture

It's like Phil Spector and Tina Turner's hair had a baby!

Thu, 03/28/2013 - 13:25 | 3385886 LoneStarHog
LoneStarHog's picture

How do I charge myself with Sexual Harassment?

Thu, 03/28/2013 - 13:27 | 3385897 The Abstraction...
The Abstraction of Justice's picture

Declare yourself a limited company and get insured against general liabilities. Then masturbate in front of a mirror. Sue the company which in turns makes an insurance claim.

Thu, 03/28/2013 - 13:32 | 3385913 Cognitive Dissonance
Cognitive Dissonance's picture

Then claim total and permanent disability because you are clearly mad as a hatter.  :)

<And happier than a pig with lipstick on.> 

Thu, 03/28/2013 - 13:54 | 3385980 Bastiat
Bastiat's picture

Thanks for the chuckle!

Thu, 03/28/2013 - 13:27 | 3385895 TBT or not TBT
TBT or not TBT's picture

Now try to buy health insurance. The statist freaks destroying America want you dependent, so you will be, unless you come up with black or grey mkt activity to make ends meet. That, also, is a goal of theirs, everyone doing something illegal, so the laws against whatever you are doing can be selectively used against you when and if you become a problem. White house staffers behind on their. Federal taxes are covered, you, you are little people. You are a lot less little, quite a bit more connected, when teamed up with a lot f other people in a corporation. Corporations will continue to exist even in the awful meltdown, and those still on board their, who've made themselves vital or unfirable in some other ways, will do ok, relatively. Lone wolves die.

Thu, 03/28/2013 - 13:57 | 3385997 1100-TACTICAL-12
1100-TACTICAL-12's picture

I partly agree TBT:" Innocent men can not be controlled" (Dr. Stadler)

Thu, 03/28/2013 - 14:14 | 3386055 MachoMan
MachoMan's picture

With obamacare, you can probably get health insurance...  paying for it might be difficult, but you can probably get it...  Your state might also have an insurance pool...  expensive, but an option.  Not sure how you go without given you're one medical bill away from bankruptcy.

Thu, 03/28/2013 - 16:39 | 3386692 TBT or not TBT
TBT or not TBT's picture

There's a 61 page form for that. Obamacare is already have bad results on healthcare supply, and this will be worse when it kicks in. Private sector insurance will be better, hook or crook, because businesses need employees. It will pay providers easier and better, and so providers will prefer it. I don't give ocare much chance to survive much beyond the 2014 midterms. Even the msm is starting to notice the bad effects, also on employment this year, because businesses employment stats this year drive their costs for 2014, when a bunch of this crazy shit kicks in hard.

Thu, 03/28/2013 - 13:28 | 3385899 Professorlocknload
Professorlocknload's picture

Never had a boss I didn't fire!

Thu, 03/28/2013 - 13:28 | 3385901 SillySalesmanQu...
SillySalesmanQuestion's picture

I am the best boss I have ever had.   :)

Thu, 03/28/2013 - 13:31 | 3385905 Cognitive Dissonance
Cognitive Dissonance's picture

I sleep with the boss.

<Wait.......>

Thu, 03/28/2013 - 13:31 | 3385907 teamr2
teamr2's picture

I've owned my own business for 18 years. The gov does not make it easy for you. The amount of regulation is completely nuts and the tax paperwork will make you want to taste lead. Obamacare is just the impassible snow on the mountain top of regulation. I'm not going anywhere but I do get to be envious when I see friends coming home after working 9-5 and have no other responsibilities. I answer my phone 18 hours a day from all three timezones. My advice to anyone trying to be their own boss; Hire a great accountant, find a niche, and know when to say no. The freedom is nice but there can be other costs, not just financial.

Thu, 03/28/2013 - 14:11 | 3386039 MachoMan
MachoMan's picture

This is the key...  if small businesses can meet with good professionals who cater to them for reasonable prices, then both will succeed...  as a professional providing these services, one of the reasons I'm leaving my firm is because I feel like we overcharge small business owners...  and I can do the same work on my own cheaper for the client and make a lot more money in the process.  Wage arbitrage has its limitations.

The neat part is that the economy is going to force more professionals to lower fees (lots of degrees, few clients that can afford them).  However, dickfer fresh out of school probably isn't going to be much help.  Caveat emptor.

Thu, 03/28/2013 - 13:31 | 3385908 booboo
booboo's picture

I hate my boss, he is an over bearing, foul mouthed asshole who suffers from multiple personalities. Used to drink alot until that started eating into his life (he was fun then) but now like all obsessive compulsive asshats, plows headlong into his work and takes an occasional day or hour to himself which is nice, I need a break from the wing nut.

 I've been self employed since forever and would not trade it for anything but my boss is still an assholes as my wife tells me everyday.

Thu, 03/28/2013 - 13:59 | 3386003 merizobeach
merizobeach's picture

Swap out the wife for a thinner, younger, prettier, less bitchy Asian version, and get back on the drink.  (Just a thought.)  

Thu, 03/28/2013 - 13:31 | 3385911 Dr. Richard Head
Dr. Richard Head's picture

I have apparently been sexually harassing myself at the work place. 

Thu, 03/28/2013 - 13:43 | 3385942 Edward Fiatski
Edward Fiatski's picture

Ooh... It comes with the trade. ^_-

Thu, 03/28/2013 - 14:31 | 3386106 dhengineer
dhengineer's picture

That's where my carpel tunnel problem came from.  Now, how do I claim disability?

Thu, 03/28/2013 - 13:32 | 3385912 Sleepless Knight
Sleepless Knight's picture

I have been self employed for 22 years. I cant imagine ever working for another company again. Everyone always says " well your self employed, you can work whenever you want" and I reply "yes, self employed people can work any 70 hours a week they like". If you are doing what you love, it aint work. Thats the secret, plus self employment does have a few perks.

Thu, 03/28/2013 - 13:39 | 3385927 Quinvarius
Quinvarius's picture

Perks?

Like no one fires you for a "desk pop"?

http://www.youtube.com/watch?v=lo9tLrOHXH4

Thu, 03/28/2013 - 13:42 | 3385936 Sleepless Knight
Sleepless Knight's picture

The rules are simple: #1: Always have fun.  #2: if its not fun, make it fun.  #3 If you cant make it fun, then you're in the wrong job.

We always have a good time in the lab - keep it lite, do a good job, explode at an object or part if you have to relieve stress, go home worn out but happy.

Thu, 03/28/2013 - 18:16 | 3387007 Shigure
Shigure's picture

Sounds like you have found the art of Effortless Activity.  If you are enjoying your work, it isn't work.  I love the freedom I feel whenever this happens to me, and I am lucky that it happens every day.

Thu, 03/28/2013 - 22:17 | 3387595 Hive Raid
Hive Raid's picture

Sounds like you both found the coffee pot.

Thu, 03/28/2013 - 13:32 | 3385916 eatapeach
eatapeach's picture

You are what you is!

--Frank Zappa

Trouble Every Day also worth a listen.

Thu, 03/28/2013 - 13:39 | 3385931 world_debt_slave
world_debt_slave's picture

Yep, I was a 1099 for twelve years, loved it but it did have it's downside, on call 24/7, no vacation for twelve years, getting stiffed by clients.

Now a W-2 slave but not on call 24/7, vacation someday?, no clients to worry about.

Thu, 03/28/2013 - 14:29 | 3386095 dhengineer
dhengineer's picture

Yeah, I agree.  I was an engineering consultant for 13 years.  I used to tell people that I worked 9 to 2 every day... AM to AM.  Too many 4-hour nights sleeping on the floor of my office between projects.  Running all day to project sites, then working all night to write reports or draw plans.  I finally gave it up to be a cook in a nursing home... no liability, steady hours, and a paycheck every two weeks.  I miss the autonomy, though, and the money, when it did come in. Don't miss the bankruptcy though (1992) and the clients who disappear...

My wife and I used to laugh at the TV infomercials for "work-for-yourself" schemes.  Some asshat with a bikini-clad blond on each arm, strolling the deck of his yacht, telling the late-night saps how anyone can have the good life working for themselves!  Really!  Just buy this $300 detail-packed plan, work when you want, put in a couple of hours a day and then go play golf while the millions roll in.... Snicker...

 

Thu, 03/28/2013 - 13:43 | 3385935 Edward Fiatski
Edward Fiatski's picture

Confirming points 1, 2, 3 & 4 here.

"I SWEAR, BY MY LIFE AND MY LOVE OF IT,
THAT I WILL NEVER LIVE FOR THE SAKE OF ANOTHER MAN,
NOR ASK ANOTHER MAN TO LIVE FOR MINE."

Thu, 03/28/2013 - 13:45 | 3385947 Cursive
Cursive's picture

 

 

Every man dies, not every man lives.

 

- Mel Gibson as William Wallace, Braveheart

Thu, 03/28/2013 - 13:43 | 3385941 Cursive
Cursive's picture

 

 

Either the promises will be broken/defaulted, or a $2,000/month pension will buy a loaf of bread and a gallon of gasoline. There is no other end-state other than default or inflate-away-the-debt/promises.

  Pretty much sums up our collective predicament.
Thu, 03/28/2013 - 13:56 | 3385984 Cognitive Dissonance
Cognitive Dissonance's picture

Wait....wait....let's do the sums again. There MUST be another way?

/sarc

<What if we lash the corpses together and use them to float over to dry land?>

Thu, 03/28/2013 - 13:59 | 3386005 amadeusb4
amadeusb4's picture

There is another option other than default or inflate-away-the-debt/promises and that is to PAY THE DEBT! I know, not very exciting for the ZH crowd. Doesn't rile them up and generate as many comments or click throughs. Whatever, but America is not broke. Corporate profits are soaring. The rich have enjoyed three decades of tax havens. Bankers are still stealing money from the nation. Companies are abusing communities and infrastructure for profit. All of these things can and in the past have been reversed but an article that explores such options is not one that Tyler is interested in.

Thu, 03/28/2013 - 14:03 | 3386016 MachoMan
MachoMan's picture

Both I and my wife are professionals (in different fields) with numerous post graduate degrees and certifications [already paid off all the associated student loans, despite being introduced to the worst job market ever post graduation].  We're each in the process of leaving our respective jobs and rolling our own.  Last year, she took the plunge into 1099 land...  trading in her salaried position with a company for the same position as an "independent contractor", losing her health insurance in the process, among other perks.  This allowed her to not be subject to billable hour requirements and lifted quite a bit of weight from her shoulders, albeit at less net pay.

Following this development, she's set up her own private practice, running concurrently with her "day job".  After six months or so, things are starting to pick up...  we're hopeful that in then next year, she'll be able to transition full time into her own practice.  At which time, I'll quit my job and take whatever clients I can with me...  and begin the same process she did.  Although, I have already started the process of building up my own book on the side, using a degree/certification that I don't use at my day job (despite making the decision to leave, I still faithfully practice loyalty)... 

One of the biggest aspects no one really talks about is the pervasive abuse in the workplace.  There is this psychological disconnect for people once they become bosses or otherwise gain any semblance of power.  Thereafter, might somehow makes right.  Essentially, there becomes this second set of rules or norms for "business" endeavors, as opposed to "personal" endeavors.  Statements by people and the working conditions created by this abuse becomes unbearable...  worth no amount of money.  However, due to the eternal battle between capital and labor (capital won, but takes a nap every once and a while), workers of all sorts are thrust back into the same position over and over again...  sometimes with bosses worse than the predecessor. 

For people who are not good self monitors and who are not very adept at self actualization and motivation, the modern workplace and working conditions can feel like a prison, with no way means of escape.  This feeling then leads to suicide or, worse, mass shootings at the workplace or, for younger folks [who haven't even hit the real world (it's actually more difficult kiddos)] they end up shooting up their schools or some school that reminds them of the bullshit they went through at theirs.

At some point, the battle between capital and labor reaches fever pitch...  and the social cost is incredibly detrimental...  devastating and destructive beyond all means...  literally trampling souls in the process.  This is something that we're going to have to decide, collectively, in the very near future.  I think people are already getting out of the system and implementing self help (e.g. becoming their own bosses), but this only works so long as the jackboots allow.  It is patently impossible for many mom and pop shops to compete against the economies of scale offered by transnational competitors.  The number and types of prospective self owned businesses are already small and will continue to dwindle for the foreseeable future.  Localization will be an important trend, but it will have severe limitations as to the types of jobs created by necessity.  Needless to say, the dole for many is a much more obvious choice than self employment.

Thu, 03/28/2013 - 14:15 | 3386056 americanspirit
americanspirit's picture

All my adult life I have worked in partnership with my wife and we have always worked for ourselves. We have built three businesses together, written and illustrated dozens of books, produced hundreds of works of art, cared for all four of our parents in our home as they have gotten old and died in their own beds, raised a great son, struggled with never enough money but always, somehow, managed to eat good food and have everything we really needed ( except, in my wife's case, enough shoes), and although we are both getting old now and we have very few assets that we could count on for those 'golden years' we have each other and our health, and for that I am profoundly grateful.

Perhaps the greatest obstacle to there being a general acceptance of Charles' premise is that in order to work for yourself you have to think for yourself, and this is not only not being taught to our children, it was never taught to their parents, nor their parents before them. Thinking for yourself has, throughout history, generally marked a person for some kind of mob action resulting in some kind of really unpleasant death. Thinking for yourself has never really been encouraged, nor has thinking 'outside the box'. There's a lot of lip service to those ideas but life can be hard on those who try to actually do so. Nevertheless, I applaud Charles' premise, and hope that somehow at least a few people who haven't taken that leap will now do so, because as Charles points out - everything about "employment" is simply false promises with basically evil intent.

Thu, 03/28/2013 - 15:18 | 3386309 Cathartes Aura
Cathartes Aura's picture

one of the greatest lies we are told is that adapting to culture is a rewarding task.  sure, if your priorities are having more stuff (cultural meme: moar toys!!), or, as Macho Man points out above, desiring more power to abuse others with your "management title" in the boss-y corporate environs, then maybe you've been groomed to fit, in.

a small number of folks just can't fit in, be it will-fullness or awareness - realising for oneself, instead of being paid to think/work for someone/thing else - and those people just drop out, and do what comes naturally for them, whatever that may be. . . may not be as "profitable" and may not score cultural envy, that great chased beast,

but damn!  it's good to be the center of your own life, and a willing participant in beloved others.

Thu, 03/28/2013 - 14:30 | 3386091 NotApplicable
NotApplicable's picture

This morning I learned of a midwestern company (auto plastic interior manufacturer) that needed to replace their retiring CEO. Did they hire the person who had been there forever and had been groomed for the spot? NO, of course not, they hired a guy from South Africa who isn't even fluent in English.

Why????

Because some fedgov program is going to pay his salary for the first three years.

Sounds like something a community orgainzer would do, no?

As I learn more, I'll post it here.

Thu, 03/28/2013 - 14:57 | 3386226 duffelpud
duffelpud's picture

Sorry for your loss.  Take your red stapler and burn down the building.

Thu, 03/28/2013 - 15:19 | 3386314 Cathartes Aura
Cathartes Aura's picture

*nods*

(brilliant!!!)

Thu, 03/28/2013 - 16:21 | 3386609 Blano
Blano's picture

I tell people to watch that movie so they can try to comprehend my utter disgust for all things corporate.

Thu, 03/28/2013 - 14:54 | 3386211 denverdolomte
denverdolomte's picture

Working for yourself is great until you realize that every single regulation, stipulation, registration, and fees what have you's, is completely out to destroy the entrepreneurial spirit. At 29 I have opened up a sales firm selling water filtration technologies to industrial and municipal areas, but what I have found over the past 6 months is the same answer from every potential client "we just don't have it in our budgets", or people try to steal the technologies either way it's all morbid. While I love the freedom of self employment because then I am the only person I depend on, I feel these days are number for the ones like myself, and even I have begun making attempts to rejoin the crapporation ladders, between the impending taxations increases we are about to succumb to and the fact that most business today I have found is done through "contract" which only a few companies are in that club, it's just no longer plausable to work for thy self IMO. (long time lurker, first time poster)

Thu, 03/28/2013 - 15:58 | 3386498 Blano
Blano's picture

Congrats on the first post and hope the self employment works out for you.

Fri, 03/29/2013 - 08:35 | 3388152 Obadiah
Obadiah's picture

Dood dont give up so easy.  Maybe your just in the "wrong" business.  Get right with GOD casue he has a perfect plan for you.  Follow those plans and failure is impossible.  There are all kinds of great business concepts out there.

 

Rock on!

Thu, 03/28/2013 - 14:54 | 3386213 FreeNewEnergy
FreeNewEnergy's picture

I nominate this as Post of the Year.

Maybe because I've been self-employed almost continuously since 1982 (wow, 30+ years), but mostly because being self-employed is the best single idea anyone can ever have.

One item CHS left out, which should be noted is the health benefit. I've been to a doctor exactly twice in the last 20 years, and the issues were very minor. Went to my 40th HS reunion a few years back and everybody remarked how good I looked (honestly, it wasn't me that looked so good; it was they who looked so shitty and run-down).

In the early part of my self-employment, I had employees. Thanks to them, bankruptcy and the internet, I've had one employee - me - for the last 15 years. Happiest years of my life, bar none, and it gets better every day, branching out into new areas, doing things I always wanted to do, finding new ways to thwart the .gov and enjoying life - maybe not to its fullest, but damn close.

I see friends and relatives worn down by work, career, jobs, keeping up with the Joneses, etc. I feel sorry for them right up until I start my weekend around 3:00 Wednesday afternoon.

Cheers!

Thu, 03/28/2013 - 14:58 | 3386233 FreeNewEnergy
FreeNewEnergy's picture

Really, really take a look at this Fannie Mae REO.

http://www.homepath.com/listing?listingid=37136677

Read the description and look at the pics. Hilarious. And, wouldn't you know it, somebody snatched up this beauty (under contract).

Thu, 03/28/2013 - 16:02 | 3386516 Blano
Blano's picture

Lol, wow.  That brings back some memories.

Thu, 03/28/2013 - 15:33 | 3386359 e-recep
e-recep's picture

self-employment isn't as profitable as it was during the period 1950-2000. corporations grew to become giants and man, look at the corporate profits lately. they have gone to the moon. that’s not the case with self-employed people, yes i admit, i am jealous.

economies of scale are at work and as days go by the little guys have less and less chance to survive against the corporate behemoths. the big firms buy ultra-cheap and sell cheap. also, they can tackle bureaucracy and regulations with ease and the crew for such stuff costs almost nothing to them.

the competition is getting harder and the small guys are pushed further into corners where they may or may not find a niche. tough luck if they can't find any.

sometimes i wonder if i would be better off if i would become a manager at a huge corporation. they weather financial storms and recessions much better than the small businesses.

Fri, 03/29/2013 - 08:38 | 3388154 Obadiah
Obadiah's picture

Big corps are sleepy and stupid and overstaffed.  Out smart them and never, never give up.

Thu, 03/28/2013 - 16:01 | 3386512 Lord Koos
Lord Koos's picture

Working for someone else is hardly "free money".

Thu, 03/28/2013 - 16:11 | 3386563 Steve in Greensboro
Steve in Greensboro's picture

Once again, Chuck-You is way off base. 

The 10 best employers are all governments, starting with the U.S. government.  No work required.  Apparently if you work for the Executive branch you don't even have to pay income tax.  Base pay massively higher than the private sector.  No risk of layoff.  Retirement guaranteed at massively higher levels than the private sector.

Working for yourself?  That involves actual work.  Why do that, when Obama is going to tell you that you didn't earn that and take it all away in taxes?  Get a government job!

Thu, 03/28/2013 - 17:00 | 3386761 denverdolomte
denverdolomte's picture

I couldn't agree more with that, but also add that #2 underneath government jobs would be to work for a corporation contracted by the government. You know those conglomerates that land 10+ year gauranteed contracts with zero compete agreements. Hahahaha, I laughed with all these natural disasters and water contamination that our government runs to help out and provide aid to, only about 5 companies are contracted for that. Hurricane Sandy, all areas water is contaminated, ohhhh you have products for rescue response and deployment???? Nah we are going to hand out Aquafina bottles and let FEMA blockade everyone from the supplies. Thanks but no thanks!

Thu, 03/28/2013 - 16:30 | 3386655 sethstorm
sethstorm's picture

Sounds like the author forgets(or tries to quickly dispose with) the general instability and higher cost of self-employment that rivals Fukushima if not Chernobyl for both. 

Realistically, self-employment works for a few and is used as a detrimental dodge against the many.

Thu, 03/28/2013 - 17:30 | 3386842 dolph9
dolph9's picture

For the past 4 years give or take I've been self employed working as a contractor, mostly for the government.

Believe me it's not for everyone.  I travel alot and pay alot of SS, Medicare, and income tax.  I consider myself a nomad amongst the ruins of a civilization.

All of those people going to their regular jobs and going back to their families and paying their mortgage dutifully...they are suckers propping up a dying system.

I don't like to say that.  Most American people don't deserve what's coming to them, but "deserve" has not nothing to do with it.  I would say America is mostly a country in denial.  In denial because the truth is too difficult to admit.

Thu, 03/28/2013 - 17:40 | 3386867 Tunga
Tunga's picture

Under the Revised Statutes Annotated in New Hampshire; 

Section 541-A:22

 III. An agency shall not by rule: 
(h) Require a submission of a social security number unless mandated by state or federal law. 
 

If you ask your friendly Tax Accountant to show you the "law" that requires a submission of a Social Security number they will suggest you find another tax accountant to do your business for you as you obviously "know to much". Meaning of course that there is no "law" but only "rules" promulgated by a private corporation (the IRS) sub contracting to the US Treasury without your Secretary of States charter to operate in your state.
 
A 1099 reflects some amount of "income", which is defined as corporate profit per the 16th Amendment. So if your not a corporate entity (
26 U.S.C. § 3401 : US Code - Section 3401: Definitions 

 

 (c) Employee For purposes of this chapter, the term "employee" includes an officer, employee, or elected official of the United States, a State, or any political subdivision thereof, or the District of Columbia, or any agency or instrumentality of any one or more of the foregoing. The term "employee" also includes an officer of a corporation.)  and as long as you understand how; "The term "trade or business" includes the performance of the

functions of a public office" then you can keep all of what you earn without paying into a system that serves only to harass and degrade.

 

Thu, 03/28/2013 - 17:53 | 3386948 Tunga
Tunga's picture

Additionally if your worried about the National Healthcare Tax you can opt out by claiming status as an American Citizen rather than the corporate US person that your Congress person want's you to believe you are. 
 
 http://www.gpo.gov/fdsys/pkg/CRPT-111hrpt299/pdf/CRPT-111hrpt299-pt2.pdf... Here is the escape hatch built into the code that lets Americans opt out of Obamacare.    Page 45 (47 on PDF) TITLE IV—AMENDMENTS TO INTERNAL REVENUE CODE OF 1986 Subtitle A—Shared Responsibility PART 1—INDIVIDUAL RESPONSIBILITY SEC. 401. TAX ON INDIVIDUALS WITHOUT ACCEPTABLE HEALTH CARE COVERAGE. (a) IN GENERAL.—Subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new part: ‘‘PART VIII—HEALTH CARE RELATED TAXES   Subpart A—Tax on Individuals Without Acceptable Health Care Coverage     ‘‘(c) EXCEPTIONS.—   ‘‘(2) NONRESIDENT ALIENS.—Subsection (a) shall not apply to any individual who is a nonresident alien.    You'll need to be a "National but not a citizen" of the United States per; http://codes.lp.findlaw.com/uscode/8/12/III/I/1408   8 U.S.C. § 1408 : US Code - Section 1408: Nationals but not citizens of the United States at birth   ... and have an understanding of the meaning of the term "united States" per  http://caselaw.lp.findlaw.com/cgi-bin/getcase.pl?court=us&vol=324&invol=...   The term 'United States' may be used in any one of several senses. It may be merely the name of a sovereign occupying the position analogous to that of other sovereigns in the family of nations. It may designate the territory over which the sovereignty of the United States ex- [324 U.S. 652, 672]   tends, or it may be the collective name of the states which are united by and under the Constitution. 6     ... to exercise this provision. You may need to give up your Social Security too. 

Thu, 03/28/2013 - 20:26 | 3387327 Angus McHugepenis
Angus McHugepenis's picture

Acts, Statutes, and ByLaws are rules of CORPORATIONS. If you choose to deal with your CORPORATE GOVERNMENT, then you are giving consent to work/do business under those rules. If you DON'T work for Microsoft... why the fuck would you feel obliged to obey their corporate acts, statutes and bylaws while going about your daily life? Would you pay a speeding ticket issued by a MS security cop while traveling on a public street? If you work for the Gov, then you must play by their rules. And that includes applying for/registering your business or personal shit with them. You have consented to their rules.

Why would any free/man/woman consent to being supervised, scrutinized, and sodomized by a bunch of freeloading bureaucraps & politicians that dictate how and when you will make money or conduct your personal life?... and who only exist to steal your wealth and labor!

WAKE. THE. FUCK. UP!

Thu, 03/28/2013 - 21:20 | 3387479 sethstorm
sethstorm's picture

Receiving a 1099 reflects that you are a second class citizen in the workplace, lower than a regular worker.  It also reflects a lack of trust on the employer's part(or client if self-employed) as a result of employment forms that result in a 1099.

While there are a few that defy that norm in nonregularized employment, a 1099 indicates strategic contempt for the person that receives it.

Thu, 03/28/2013 - 18:51 | 3387106 RealeyesRealize
RealeyesRealize's picture

My goal is to trade on my own with my own money from a house in the mountains where I grow/hunt all my own food by the time I'm 30 years old.

 

What college can I pay $200k to learn all this?  Hmm... Let me Ask Jeeves and sign up from my bedroom laptop.. mwahahaha

Thu, 03/28/2013 - 19:56 | 3387247 Stanley Lord
Stanley Lord's picture

The hardest part about being self-employed is collecting money owed you.

It is a full time job.

 

Thu, 03/28/2013 - 20:11 | 3387281 Angus McHugepenis
Angus McHugepenis's picture

The hardest part about being self-employed is collecting money owed you.

It is a full time job.

Stanley Lord: A simple solution... don't do any fucking work until you price it out and collect payment BEFORE any work is done. If the customer is not satisfied with your work you can always give them their money back. NEVER, EVER do any work unless you get paid 50% MINIMUM UP FRONT (full payment is better). I've been telling this to business owners for many years and most regret not doing that. I won't lift a fucking finger until I know the cash/barter/payment is secure on my end. If your services are truly valuable then you won't have a problem DEMANDING payment up front. It's a new world now... let the idiots who think they can haggle down your services go fuck themselves. There is no shortage of people who will pay what you ask, if you can do the job they need done.

Fri, 03/29/2013 - 02:59 | 3387888 bigyimmy007
bigyimmy007's picture

Not related to your post, but I have to ask: how the hell did someone down arrow you when you started off with a quote (which blocks the arrows).

 

Can you tab through and hit the arrows some other way?

Mon, 04/01/2013 - 00:50 | 3395132 Angus McHugepenis
Angus McHugepenis's picture

Sorry, can't offer an explanation. I also don't give a shit about green/red arrows. If your concern is with internet voting criteria then you can simply fuck off and die.

Fri, 03/29/2013 - 08:30 | 3388137 squexx
squexx's picture

Working for myself hell! Just apply for rehabilitation, food stamps, Section 8, etc.... Then ride the Obama gravy train!

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