President Obama and his administration push for ever-more rules and regulations, which tend to benefit large firms as small firms become unable to internalize the costs. From impractical, unfair, and unwise EPA regulations to the downright unacceptable Obamacare mandate and penalty to purchase insurance, small business simply finds it costlier each day to keep the doors open. And it’s not like a lone entrepreneur can count on getting a government bailout or “green” tech subsidy to make up for the strangling red tape.
So, as the Fiscal Cliff story passes into the next crisis, it may be easy to forget what’s not happening—small businesses like mine aren’t terribly excited about pulling out our checkbooks to invest in an uncertain (or certainly bleak) future. That means many will not be interested in hiring you, may not want to buy your company’s shiny new widget, and may not even show up in the morning to flip around the “Open” sign.
If small business truly is the engine of job growth, we’re going to need to see more positive signs that our elected officials actually get what it’s like to sign the front side of a paycheck if they want to see us continue signing the front side of our tax checks.
In Honor of His 103rd Birthday, Here Are The 20 Best Quotes From The Late, Great Milton Friedman | John Hawkins