1/13/2013 1:38:00 PM Retrospect and microeconomics
To the editor:
Mayor Glenn Weibel once brought a couple guys who wanted to build a soybean processing plant in Cannon Falls, bird-dogging for investors.
Processing where it grows had logistic merit. I asked if they were selling their home and moving to Cannon Falls and how much personal money they were putting up.
They were not moving. They were not fronting personal assets.
So they were entrepreneurs, hunting interest-free loans. But they set their own salaries and dividend (if any) distribution. My short response was "talk to the banks."
But Mayor Weibel was correct. Elsewhere they ended up employing 125 people (but salary and if and where dividend, and if dividend, I do not know).
Robert Eugene Molenaar, MD
P.S. Swiss bank pays 74 million fine to USA for hiding 1.2 billion untaxed parked USA corporate bucks. Divide the 1.2 by 74, you get the slap on the wrist of tax evasion.
P.S.S. Debt ceiling has been raised 74 times since 1962 and because the Net National Product increased. (Bank loan on one farm can double on two farms.) Now the Net National Product of USA is not two farms big. Raising the debt ceiling then deflates the buying power of your wages and my social security, and their welfare check. It becomes a sales tax, hurting most those with least, aggravated by population boom, so there are more and more to divide less and less. Complicated by the mild insanity of the Tea Party fanatics that infest the R Party.