Skip to comments.Our Economy Needs Less Government And More Entrepreneurs
Posted on 06/08/2011 8:03:13 PM PDT by billflax
Economically, successful businessmen make the world a better place. They are essentially voted rich at the cash register poll. We pay them to add value and they reciprocate with jobs, goods and art. The top ten percent of earners pay most of Americas taxes, account for the majority of charity and half of retail sales.
It is thus baffling that wealth has become such an object of derision. Even decades after communism collapsed we are inundated with Marxist agitprop. Intellectuals and politicians teeming with a hypocritical combination of envy and self-righteousness pontificate incessantly about the rich not paying their fair share or bemoaning that the rich get richer while the poor get poorer. But as class antagonisms manifest in progressive income taxes and other policies built on covetousness, we risk stunting the essential entrepreneurial spirit.
Hopefully, the last election reflects a shift, but America has experienced a troubling trend where politicians derive power (and wealth) by demonizing success. President Obama stokes such animosity with, Were not trying to . . . begrudge success thats fairly earned. I mean, I do think at a certain point youve made enough money.
An ironic statement considering he makes millions writing books attacking the wealthy and has parlayed this blatant demagoguery into political power. If as senator he had determined enough was enough wed be better off.
(Excerpt) Read more at blogs.forbes.com ...
Anyone who tries entrepreneurship in our present age is a glutton for punishment. Even the GOP just pays lip service to entrepreneurs. Then they turn around and give massive tax breaks, subsidies, or bailouts to help big businesses protect themselves from competition.
If you want more entrepreneurs you need a lot less government, starting with public schools, then the EPA, OSHA, etc. If you wish to start a business the government wants to give you the business.
Get rid of county zoning ordinances against small, new manufacturing operations in remote, sparsely populated areas.
Funny how it seems that no on in the government gets it, and almost everyone in small business does.
But see, the legislator critters in Congress and in every state - they’re too busy passing laws that encourage immorality, give money to business and union cronies and those on the dole, take away our freedoms, etc., etc., to listen to us.
Keep screaming at your legislator/congress critters. And vote against all but the most conservative every time, no RINOs.
Also get rid of anti-family, divorce/cohabitation industry social programs. Feminism/romanticism are going to die anyway, in the default process and depression ahead.
I beg to differ. I started a new business about 16 months ago on literally a wing and a prayer.
It's starting to pay off and business has increased by about 25% in the last 3 months.
1. Aggressively audit every Federal, state and local government agency and used the audit results to start cutting down the size of government--bureaucratic overlap, agency size and regulations--by 30% initially and over 50% in around four years. For example, we need to merge Social Security, Medicare and other social services into a singular Department and potentially save over US$400 billion per year off the Federal budget.
2. Massively overhaul our income tax system to reduce compliance cost and to encourage American residents and businesses to keep their savings and capital investments in the USA. The flat income tax plan proposed by Steve Forbes in a book he wrote in 2005 should be at minimum what tax reform should be, in my humble opinion.
3. Aggressively oversee the financial markets by requiring real liquidity backing for hedge funds, derivatives, and other "new"-style investments (or ban them outright as financially too risky), increasing the minimum margin requirements (MMR) for futures trading to 20% (and require the buyer take 40% physical delivery of goods bought on the futures market), and re-imposing the Glass-Steagall Act to "firewall" bank assets from the ups and downs of the stock market. Too much of the wealth generated nowadays is through the financial markets at the expense of almost everything else in the US economy, in my humble opinion.