Forget bailing out Wall St. where executives paid themselves millions while running those businesses to the ground.
Forget bailing out auto makers who built cars that even Americans don't like buying.
Forget taxing the "rich businesses" to give back to the masses - The only thing spreading the wealth does is that it eliminates any incentive for the majority of this society to work hard and create value. It also takes away any incentives for people to build and grow businesses.
The only sustainable way to turn this ship around is through job creation.
That means giving entrepreneurs, corporations, and small business owners incentives and opportunities to grow and build their businesses. When businesses grow, they create jobs. When jobs are created, economic activity increases.
My startup has created 30+ jobs that did not exist before its founding. And my startup will likely create lots of other jobs once we close our next round of funding. And if the environment around us was favorable to growing and building a business, who knows how many more jobs my company could create in the next several years?
A good friend of mine has a thriving business that employs 30 people. But he is finding it difficult to grow and hire more people (thus create more jobs) because he just got a bill from the government RAISING the amount of taxes that he owes. Combined with the credit market mess, he can't get the loans he needs to meet cash flow requirements for taking on new projects so he is now forced to scale back.
The result: no new jobs created.
Taxing the businesses and entrepreneurs who are creating the jobs necessary for sustained economic growth is killing the very possibility of recovery.
We are forgetting how this country became so great in the first place.
Change for the better is a great thing. But judging by how thing are and where things are headed, please keep the change.
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