Skip to comments.The vanishing entrepreneur, crushed by red tape and regulations
Posted on 05/11/2014 11:01:47 PM PDT by grundle
Its not the wealth gap to worry about, but the growth gap
President Obama focuses on the wealth gap as if that were the nations pressing economic issue. So long as theres 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.
Hes 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 nations 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. Its 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. Thats 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 ...
Bump. Mr. President, set my people FREE!
That’s OK. Once we all work for the government, everything will be just peachy.
Communist China is creating more entrepreneurs than USA.
And on their way to overtake US economy.
Why work? Pelosi says I can get benefits while writing poetry and painting scenery. My rich Uncle Sam will take care of my needs.
The Obama administration is a red tape dispenser.
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.
As a life-long bookkeeper, I can attest that this author is correct.