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Peter Thiel "Fixes" America's Anti-Business Policies In 6 Words
With retail store closures running at their fastest pace since Lehman...
...and business closure rates higher than start-up rates for the first time in US history...
Billionaire venture capitalist Peter Thiel has some short-and-sweet advice on how to fix the apparent anti-business sentiment in America...
"Get Government Out Of The Way."
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<------ See my Avatar, Pete? If you see anything that looks like that, you might want to stay away from it for a while.
As easily done at this point as the Captain of the Titanic saying, "well steer clear of it then"!!
These cunts own "the government", fucking dissembling asshat.
If they're gonna tax, regulate, license and sue your ass-well there's nothing left now is there?
Personally I don't think its too wise to leave that category of individual-the entrpreneur-with nothing left to lose. They'll get creative on the nanny nag state.
If it wasn't FOR the government, this guy wouldn't be rich. Google: "Palantir".
BTW Maria has gained weight. Good for her.
Is there a bun in the oven, maybe?
Not by Peter Thiel that's for sure
Peter better have his tax records in order.
someone just purchased him a nailgun....
Peter pays taxes? He must have a very shitty accountant.
We did that already!
"insanity is doing the same thing over and over and expecting different results" - Albert Einstein
Did what?
Peter Thiel is not a "wealth creator," and most of you know or should know that.
He also obviously is not familiar with the new normal voting system.
See Scotland, Peter.
How about get rid of the Federal Reserve.
They're not part of the government.
(It was hard to keep a straght face saying that, BTW.)
Looks like someone's up for a 21-times-in-the-back-of-the-head-with-a-nailgun-suicide.
I know some libertarians love Peter Thiel , but he was at that unnameable confab a few years ago and ass far as I'm concerned he can suck on this. B========> ~~~~~ :( .... what's wrong Thiel? You have cum in your eye ....
On a side note is this considered trolling ?
Peter didn't build that.
Precisely correct !!
Get government out of the way.
So no more QE then?
That horse is already out of the barn. If you didn't line your pockets by now, it's your fault.
The question is how? They have access to unlimited money through a global inflation scam. They also have access to the free-shit army as well as millions of government employees who will vote themselves shit. The status quo snowball is about the size of the moon right now and rolling fast. Hundreds of thousands of leftists marched through NYC yesterday for a problem that doesn't exist and not one of them would listen to what a Peter Thiel has to say. It looks hopeless.
There are only 3 choices at this present time:
1) Leave for somewhere else - not practical, since it's global
2) Hope to live through the collapse and become super Argentina
3) Breakaway your region or take one over, but that tree of liberty won't want for food
Fuck Yea.
Get
The
Fuck
Out
Of
The
Way...
....but of course... with so many parasites in Gov leaching off of the private sector, that'll never happen.
They all make their money off of the skim.
On the same topic, get coporations out of government. Additionally, quit supporting failed businesses with taxpayer support.
Sorry to hear about your Facebook sale.
He sounds like somebody who needs to be audited by the IRS.
What's up with the eye makeup? Whoever does her makeup needs to be fired and possibly executed.
“Get government out of the way.”
Yes… but how?
Shall we pester official pedophiles to quite raking trillions from public funds and stashing said trillions in their overseas bank accounts? (See, Failure of Power)
(I call them pedophiles for two reasons: 1) about 20 years ago, I collected evidence from government sources that governments in se US had been captured by a gang of pedophiles (as in ritual murders), 2) governmental debt is the process by which a generation of tax consumers financially cannibalizes following generations of tax payers.)
Shall we rely on existing forums of redress… all of which are staffed by insipid dolts who dream of the day they retire so they can draw $4,000/m retirement checks ($15,000/m to $25,000/m if department heads)?
C’mon guys, silly season is over; it’s time to become adults. If we are to cure the economy or make men accountable for what they have done, we have to take matters in our hands and set things right, as American Founders did.
The trouble is, however, there’s hardly an American who has the necessary knowledge (the first link above gives a short intro).
When I started a business 20 years ago...you had to get 15 different licenses to start......the government employees have you by the balls....you spend most of your time filling out reports for them rather than runing your business...I can assume its even worse today....many more rules and regulations today....
RE
Most of them written by corporate lawyers....the same ones who represent Thiel's interests.
What a hypocritical sack of shit this guy is.
My entire business/consulting model has been built on working with small businesses since the early 1990's and I can attest that the economic environment for small businesses is as challenging as ever. Some of this is centered in the demographic trend with aging boomers (and not wanting to take on the risks/stress of operating a business). But this only explains a small portion of this trend based on what I'm seeing as follows:
- I've supported a number of businesses/boomers with selling their companies over the past two years. Two issues should be noted. First, basically all wanted to exit before the next meltdown (as everyone knows it is coming and nobody wants to have to deal with it again). Second, all sales were up the food chain to larger organizations with cheap financial capital supporting the deals. No sales were horizontal (to individuals looking to build a business).
- There was basically no capital available five to six years ago to form new businesses (think of the problems in 2008 through 2010). Without capital formation, businesses that should have been formed and grown to good size operations by today simply did not occur. I'm not talking about the latest Bio-tech or tech wonder kids in SV but rather the meat and potatoes of Main Street businesses such as wholesale, manufacturing, niche retail, construction, etc.
- GenX has been wiped out. This group (of let's say 35 to 50 year olds) would be prime small business owners. But starting with the dot.com meltdown, then 9/11, they took it in the shorts. Then they were told to buy homes and did in mass up to 2007, wiped out again. So to follow, whatever savings they had, wiped out by the market crash in 2008/2009 and then they lost their jobs (and depleted their savings). Finally, they are being offered jobs but with no real savings/resources and crappy new jobs, there's no real ability to form businesses.
- While capital may be plentiful and cheap for the likes of Apple and Alibaba (and his 40 theives), capital has never been more scarce and expensive for small businesses (especially at the formation stage). The concentration of capital is absolutely killing small businesses.
- Too compliment all of these factors, small businesses are confronted with an ever increasing number of government regulations that not only make operating a small business extremely challenging (think having employees in a state such as CA) but actually create an un-level playing field when competing for talent. Think the ACA. Large businesses can offer a great benefit package that small businesses can not match. So they are left with offering a crappy health plan structured around the ACA that in no way, shape, or form any reasonable person would view as worthwhile. This environment is causing a "brain drain" from small businesses as they cannot effectively compete. While this has always been a problem for small businesses, the last decade has really amplified this issue to a point of basically no return.
Peter may be partially correct with his assessment but he really has no fucking clue just how difficult the small business environment actual is. The structural damage inflicted on small businesses over the past decade has been so severe that simply calling out the government as the main problem is like trying to fix California's water problem by trucking in water from other areas. The issue is deeply structural and buried in a mentality of socialism the country has been moving towards for the past 30+years. Just look to the majority of Europe and it's economic problems. While the ECB is attempting to throw every bit of monetary stimulus at the problem what they don't get is just how deeply rooted socialism has become in Europe to a point where I don't think the the younger Europeans actualy even could be successful with starting and running a business even with free money. This is not a knock on Europeans but rather on just how attached and dependent the economies have become on governments for jobs, retirement, healthcare, you name it.
It is going to take at least a generation to fix this problem and a major global reset (which will be extremely painful) to truly unleash the true forces of capitalism and the related opportunities (that offer a proper return in relation to the risks small business owners have to endure). What the world doesn't need is a bunch of well contected billionaires (think Peter and Jack Ma just today) trying to pass along some bullshit advise on what it takes for people and small businesses to become successful. What the world needs are some real leaders that understand the pain forthcoming and reset required to cleanse the world of too much debt, too much corruption, and too much greed.
Wishful thinking I know but until then, every day is going to be Ground Hog Day, just more of the same lies, BS, and false hope being dumped on the sheppie to keep them in line.
Sure, his advice is spot on. The problem is that nobody will listen, because everyone is trained to think/believe that government and the Fed need to "do something" to create jobs. I also have heard that there are over 3,000 federal agencies - although who could even count them? Good luck to us all scaling that back.
until we change the world, the game, the ride,
we will be stuck in the current homo economicus world created by ambitious politicians and economists of ages past.
we need now more than ever
more ambitious people imagining and creating a better ride
one that evolves our homo reciprocans tendencies
What... No mention of the minimum wage? (Zerocare also applies to some of these small businesses)
Liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate...it will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up from less competent people.
Right on Andrew Mellon!
Hey fucknut, don't take taxpayer-funded bailouts if you don't want "government in the way"!!!!
All the bad-debt has been transfered to the public/government you stupid motherfucker. Gee, I guess we should have let some fuchheads fail after all. Go to fucking Somalia if you don't want any regulations you stupid fuck.
Unfortunately gvernment has removed the biggest regulator of them all......market determined interest rates.
because the banks are the government. We have been here before.
I do feel for all those people who have had to shut down buinesses but let's face it, the USA has too many square feet of retail space that were created during times of idiotic over capacity, cheap Chinese goods and cheap money with which to go shopping.
This is part of the cleansing process that we will all undergo both on a business and personal level. Unfortunately government will be the last to slam on the brakes and put an end to its stupid spending priorities,
That would be so awesome! Maybe we could even finally land a man on the moon or develop medical technology that can make sure Dick Cheney doesn't live forever!
Sounds funny hearing this from, of all people, the Head of the Steering Committee for Bilderberg!
Bilderberg wants more victims to fleece, which is what happens to new businesses and the people they contract and hire.
But yeah, Peter Theil does indeed appear to be one of the most extreme cases of a walking self-contradiction on planet earth.
Headline should read Thiel just admits to being very stupid...or Thiel disinformation chant or should we explain to Thiel that this is what QE and ZIRP does to an economy it retires/destroys capital. Freidman said never more thasn six months of QE Because of the effect it has on capital which is highly corrosive! Thiel is just fucking with our heads I hope for his sake.
Thiel states the obvious. So what is he doing about it?
Most govt activities in CA are aimed at restraining commerce, preventing development and funding criminal invasion, a pure psycho criminal govt.
"Get Government Out Of The Way": because they are not allowing us steal everything not tied down? ...... Oops, we've already stolen everything that's tied down, too..... never mind, move along, nothing to see here.
Peter "Get Government Out Of The Way" Thiel responds: Hey, privatize profits and socialize losses, and let US really smart businessmen fix this shitty economy, like we did in 2008/2009...... or there will be tanks in the streets. Now get out of my way, you peons.
That reminds me, Donald Trump filed his 5th bankruptcy (?) recently. I bet he'd like the Government to get outa his way...... so he can file No. 6 & 7?
Small business, with two to ten employees, are becoming an endangered species in America. The family business once the backbone of this country is under attack from the unintended consequences of the many laws and mandates passed in recent years.
Inspections, a plethora of permits, licenses, taxes, insurance requirements, and regulations make it almost impossible for a small business to open, compete, and operate legally. Big government has become toxic for small business. More on this subject in the article below.
http://brucewilds.blogspot.com/2012/03/small-bussiness-under-attack.html
Can someone please tell me what's the opposite of zerohedge? Because that's where I want to spend my time. Not in this pathetic den of envy and slack. Thiel is a self made billionaire who did it funding tech companies. If you gold dust lemmings can't see the accomplishments there you deserve the welfare lifestyle that's befalling you.
"He did it funding tech companies, why not you?"
O.K. Horatio Alger Ma: the opposite of "Zero Hedge" would be either Fortune Magazine, Larry Ellison's How to Stay Humble and Keep It Real Monthly, the 9/11 Commission Report, the last edition of Reader's Digest or Warren Buffett's Romantic Memoirs. Enjoy! And the beauty of these fine publications is Salsipuedes can't talk back!
You should probably head back to CNBC or Blommberg where you came from.
The poofter has a point, but government doesn't need to get out of the way, they just need to stop playing favorites.
I'm sure Peter wouldn't mind if the playing field was a bit more level so the little guy can get a chance.