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Wealth, Income and Job Creation: Let A 1000 Microsofts Bloom

Posted on February 7, 2009. Filed under: Blogroll, Communications, Computers, Economics, Employment, Investments, Law, Links, Music, People, Politics, Programming, Quotations, Rants, Raves, Science, Strategy, Taxes, Technology, Video | Tags: Barack Obama, Bill Gates, capitalism, economic policy, Economics, history, income, Jobs, Microsoft, Socialism, stimulus package, Wealth, wealth creation, Windows |

 

 http://www.microsoft.com/presspass/features/2008/jun08/06-25iconic.mspx

Microsoft started as a two person business in 1975 and kept on growing.

The History of Microsoft – 1975

“…Thirty-four years ago, a nineteen year old kid and his twenty-two year old business partner sold their first program to a little computer company in Albuquerque, New Mexico. The program was called BASIC, and it was the start of this company we call Microsoft. 

Today, we’re beginning a brand new series called The History of Microsoft. Travel with us back in time as we discover the roots of one of the world’s most important technology companies. Using rare video and photos we bring you the heart of Microsoft’s struggles and successes.  Year by Year. Every Thursday we will air a brand new episode beginning with 1975 where “The History of Microsoft” all began.  …”

http://channel9.msdn.com/shows/History/The-History-of-Microsoft-1975/

Before their first layoffs ever of 5,000 employees in 2009 the head count at Microsoft was fast approaching 100,000 by the end of 2008.

Microsoft to cut up to 5,000 jobs

“…5,000 jobs over the next 18 months, a sign of how badly even the biggest and richest companies are being stung by the recession.

The layoffs, 1,400 of which will come immediately, appear to be a first for Microsoft, which was founded in 1975. Previously, the company has only made relatively limited staff cuts after events such as acquiring companies. …”

MS layoff

 

Now imagine 1000 brand new businesses starting this year and 33 years from now having 100,000 employees world wide like Microsoft.

What would this mean in terms of wealth, income and job creation?

This would mean approximately 100 million new jobs alone.

Income, jobs and wealth are created in the private sector, mainly by small to medium size firms.

As these businesses grow and prosper  wealth is created for their owners and shareholders and income for million of Americans.

Just look at the results for Microsoft:

Revenue and Headcount

(Last Updated: June 30, 2008)

Microsoft’s worldwide headcount and revenue growth for the past 10 fiscal years are summarized below:

Headcount & Revenue Growth
Fiscal Year Ending	Head Count	Net Revenue (US$)	Growth	Net Income (US$)	Growth
June 30, 2008	91,259	$60.42B	18%	$17.68B	26%
June 30, 2007	78,565	$51.12B	15%	$14.07B	12%
June 30, 2006	71,172	$44.28B	11%	$12.60B	3%
June 30, 2005	61,000	$39.79B	8%	$12.25B	50%
June 30, 2004	57,086	$36.84B	14%	$8.17B	8%
June 30, 2003	54,468	$32.19B	13%	$7.53B	29%
June 30, 2002	50,621	$28.37B	12%	$5.35B	-28%
June 30, 2001	48,030	$25.30B	10%	$7.35B	-22%
June 30, 2000	39,170	$22.96B	16%	$9.42B	21%
June 30, 1999	31,575	$19.75B	29%	$7.79B	73%

http://www.microsoft.com/presspass/inside_ms.mspx#EENAC

What the US economy needs now is a stimulus package that encourages a 1000 new Microsoft businesses to flourish and grow.

More government spending and deficits are not the answer to a recession.

Lower tax rates that stay low are what creates new jobs and leads to economic growth.

 Uncertainty about level of government taxation and increasing government regulation and spending are not big job and wealth creators.

Such uncertaintly only prolongs the recession and makes it much worse.

Response to Obama, 4: What’s wrong with Obama’s Leftist View

 

Response to Obama, 5: Tax Rates and Job Creation

 

 Response to Obama, 6: The Difficulty of Change

 

Response to Obama, 7: Liberals and the fall of Detroit

The results of 1000 new Microsofts growing can be seen in the investments Microsoft is making for the future.

Microsoft CES 2009 Keynote – Part 2

Microsoft CES 2009 Keynote – Part 3

http://www.microsoft.com/presspass/features/2008/jun08/06-25iconic.mspx

 

Background Articles and Videos

 

Microsoft Timeline 1975 – 1998 | Sho Nuff – Fatboy Slim

HIstory Of Microsoft Windows, 1983-2008

Microsoft Planning Big Layoffs

 

The “compromise” is a crock of you-know-what; Sellouts on the Senate floor; Show us the bill

By Michelle Malkin

“…Details of GOP Sen. Susan Collins’ “compromise” “stimulus” proposal are coming out. This is a Mt. Kilimanjaro-sized crock of you know what. Total cost of this “pared down” bill is $1.175 trillion.

Let me repeat that: $1.175 trillion.

This figure does not include the nearly $50 billion added in Senate amendments during the last two days.

So in the name of fiscal responsibility, Collins and the B.O. Republican contingent are selling out America with a plan that costs $7 billion more than the House Crap Sandwich Supreme.

Are we ready to say the F-word* yet?

(*Filibuster) …”

http://michellemalkin.com/2009/02/06/the-compromise-is-a-crock-of-you-know-what/ 

 Glenn Beck on Obama: There’s Something Really Wrong About This Guy

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