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Source link: http://archive.mises.org/10247/wheres-her-bailout/

Where’s Her Bailout?

July 8, 2009 by

Carol Joynt has operated Nathans restaurant in Washington’s Georgetown neighborhood since inheriting the place from her late husband in 1997. After years of struggling to keep the business afloat in one of the world’s most rabidly anti-wealth producing regimes, Nathans will close on Sunday after 40 years. Sadly, Joynt reports that Nathans won’t be allowed to rest in peace by the state and its minions of wealth destruction:

…[T]he city called and said they’d read we were closing – which is why restaurants usually wait until the last second to slip out of town at midnight – and that if Nathans doesn’t pay $22,000 in additional taxes by tomorrow they will put liens on my house, my bank accounts and on Nathans. Can it get scarier?

Why is it that only the big guys can get bailouts, but when its a little guy, on the ropes, with no options, there’s absolutely no mercy? I’m sobbing.

This is crushing. I do not have the money. I maxed out my home equity on bailing the building out of past due property tax. I can’t get anymore. I could rob a bank, I guess, but really – my skills are rusty. What else is there to do but joke because it is so awful. I have thrown myself at the mercy of the city. They bail out big developers often, and usually to the tune of many more thousands than 22K, and while I don’t think Nathans is a special case, I think Nathans is a case with merit. Think of all the many thousands of dollars of tax we’ve paid over 40 years. This is the first time I’ve come up short, and that’s because of so many factors out of our control. We’ve tried everything we effing could to make the place work. I’m out of options. That’s why Nathans is closing.

I have a choice, pay the city and avoid the liens, or use the rent money we’ve saved up, and then default on the rent on July 15 and get tossed into landlord-tenant court to face God knows what hell there.

It’s worth remembering that Joynt’s attackers belong to the same gang that gave a $611 million stadium to a baseball team owned by one the city’s largest real estate developers. And just recently, one of these same parasites admitted diverting $48 million in taxpayer dollars for their personal use.

{ 18 comments }

BioTube July 8, 2009 at 10:11 pm

If you didn’t think governments were just for rewarding cronyism before…

Jesse J July 8, 2009 at 11:38 pm

Wow, it sounds like she’s pleading with the mafia! Oh, wait a sec… well isn’t this awkward…

End the Fed July 9, 2009 at 12:00 am

“It’s worth remembering that Joynt’s attackers belong to the same gang that gave a $611 million stadium to a baseball team owned by one the city’s largest real estate developers.”

But but…it creates JOBZ!

“And just recently, one of these same parasites admitted diverting $48 million in taxpayer dollars for their personal use.”

But you forgot the MULTIPLIER! Those people actually pumped $48×10=$480 million INTO the economy!

Come on…Keynes figured all this shit out 75 years ago. Get with the program.

Ghost of Deborah Palfrey July 9, 2009 at 12:32 am

You know when your business goes broke in DC there are a lot worse things that can happen to you. Just saying.

Dave July 9, 2009 at 12:59 am

Well, the District of Criminals strike again!

Michael J Green July 9, 2009 at 1:37 am

This is just plain evil.

电炉 July 9, 2009 at 1:54 am

I love this post!!

Lee July 9, 2009 at 7:36 am

End The Fed:”But you forgot the MULTIPLIER! Those people actually pumped $48×10=$480 million INTO the economy! Come on…Keynes figured all this shit out 75 years ago. Get with the program.”

FRIGGIN’ ROFL!

Joe Stalin would be proud.

Gernot Hassenpflug July 9, 2009 at 9:35 am

Why is it we need to pay taxes at all? If the government so readily uses the tools of borrowing and inflation, they don’t need the politically unpalatable option of taxes. Or is it just a way to make the downtrodden feel every day the footprint on the faces?

Gabe July 9, 2009 at 9:46 am

They don’t need to really have taxes, but it is all done for our own good. Think of all the jobs it creates. If they did it all through seignorage then they would have to fire hundreds of thousands of IRS agents, accoutants, prison guards and lawyers. With the jobs created through othis miraculous system we create so much more wealth!

Walt D. July 9, 2009 at 11:21 am

Remember the “Become a Doctor and support a Lawyer” bumper stickers?
“Open a restaurant and support an investment banker”.
“Get a job and support a government program”
What is the difference between a tick and DC government? When you die the tick falls off!

Milan July 9, 2009 at 3:12 pm

End the Fed… that was hilarious!

End the Fed July 9, 2009 at 5:36 pm

“Why is it we need to pay taxes at all? If the government so readily uses the tools of borrowing and inflation, they don’t need the politically unpalatable option of taxes. Or is it just a way to make the downtrodden feel every day the footprint on the faces?”

If all they do is borrow, why would anybody lend the money? They’re only getting paid back with what they put in, unless the government prints more money to pay interest. But that just devalues the principal…

The other reason: you can’t let people get “too rich”, otherwise they might form communities that don’t need government “services”. They might be so rich that they can have private welfare programs to help the less fortunate.

End the Fed July 9, 2009 at 5:41 pm

“They don’t need to really have taxes, but it is all done for our own good. Think of all the jobs it creates. If they did it all through seignorage then they would have to fire hundreds of thousands of IRS agents, accoutants, prison guards and lawyers. With the jobs created through othis miraculous system we create so much more wealth!”

I’d rather have them digging ditches and filling them back in.

Mark Jones July 10, 2009 at 1:20 am

I’m curious about how they go about putting the lien on her home. Doesn’t a Limited Liability Corporation or one of the other types of companies prevent this?

Of course, that doesn’t make any of this right. Though, I think there are means available to “protect” oneself against this particular coercion, and one should take advantage of it to prevent this kind of destruction (If I’m correct about this being available).

KP July 10, 2009 at 9:45 am

Hmm i wonder if that property has bidders.. I wouldn’t mind taking advantage of a great location like Georgetown, DC.

SpiritWolf February 4, 2011 at 12:59 pm

Perhaps she should get Chef Gordon Ramsey of Hell’s Kitchen to see if he can help her turn the business around. He has a Television program called “Kitchen Disasters” where he does that with others who are in danger of failing. Not sure how you would get ahold of him, but there must be some reference to how on the net.

Sigma February 8, 2011 at 1:53 pm

“The other reason: you can’t let people get “too rich”, otherwise they might form communities that don’t need government “services”. They might be so rich that they can have private welfare programs to help the less fortunate.”

Yes, they’re called ‘governments’, and they pay for those programs with something called ‘taxes’.

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