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The vanishing entrepreneur, crushed by red tape and regulations
Washington Times ^ | May 9, 2014

Posted on 05/11/2014 11:01:47 PM PDT by grundle

It’s not the wealth gap to worry about, but the growth gap

President Obama focuses on the “wealth gap” as if that were the nation’s pressing economic issue. So long as there’s a disparity of ability, determination and luck, some people will be better off than others. The alarm to raise is not about the good fortune of some, but the bad fortune of the vanishing entrepreneur.

He’s rarely seen these days as hope for economic rebound fades. The bitter facts lie in the findings of a survey by the Brookings Institution that the nation’s entrepreneurial spirit is dying. The vision of Sam Walton, Bill Gates, Steve Jobs and their kind has been punished to the point of extinction.

Strangled by endless spools of red tape and beaten down by taxes and government fees, businessmen are losing their zeal to convert an idea into a startup business or expansion of one already operating. It’s too much work and risk, to get approvals and comply with laws written by bureaucrats with no spirit or vision. Such rewards as there may be are consumed by taxes. That’s why there are fewer jobs to feed growth.

Read more: http://www.washingtontimes.com/news/2014/may/9/editorial-the-vanishing-entrepreneur/#ixzz31TjI0G7W Follow us: @washtimes on Twitter

(Excerpt) Read more at washingtontimes.com ...


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1 posted on 05/11/2014 11:01:47 PM PDT by grundle
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To: grundle

Bump. Mr. President, set my people FREE!


2 posted on 05/11/2014 11:03:53 PM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: grundle

That’s OK. Once we all work for the government, everything will be just peachy.


3 posted on 05/11/2014 11:27:04 PM PDT by Blue Collar Christian (Vote Democrat. Once you're OK with killing babies the rest is easy. <BCC><)
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To: grundle

Communist China is creating more entrepreneurs than USA.
And on their way to overtake US economy.


4 posted on 05/11/2014 11:56:52 PM PDT by entropy12 (I am sick of people who think Obama is no worse than Romney, as bad as Mitt was.)
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To: entropy12

Aliexpress.com


5 posted on 05/12/2014 3:00:47 AM PDT by x_plus_one (Islam Delenda Est)
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To: grundle

Why work? Pelosi says I can get benefits while writing poetry and painting scenery. My rich Uncle Sam will take care of my needs.


6 posted on 05/12/2014 5:52:52 AM PDT by griswold3 (I was born heI're in America. I will die here in a third world country. Obama succeeded.)
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To: grundle

The Obama administration is a red tape dispenser.


7 posted on 05/12/2014 5:56:33 AM PDT by Lurkina.n.Learnin
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To: grundle

Yep. They finally ran me out in 2010. One more license, one more license fee, one more $400 seminar, one more regulation on fees I could charge. At some point you finally can’t make it any more. That’s how they get rid of small business.


8 posted on 05/12/2014 6:28:49 AM PDT by Georgia Girl 2 (The only purpose o f a pistol is to fight your way back to the rifle you should never have dropped.)
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To: grundle

As a life-long bookkeeper, I can attest that this author is correct.


9 posted on 05/12/2014 7:29:41 AM PDT by ridesthemiles
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