The EPA is also using its power to crush some, while boosting others. For example, Congress recently held a hearing to consider the EPA’s new rules phasing out the use of chlorofluorocarbons (CFCs), which banned some asthma inhalers. Naturally, the EPA’s rules didn’t effected all companies equally, with the ban being phased in for different brands, so some manufacturers now have a captive market, and others are out of luck, and likely out of business.
Americans lamenting the sorry state of the economy need to look no further than this sad reality. Many may have been appalled to hear the President dismiss the idea of American initiative. Americans firmly believe in the ideal that any person, through hard work and her own ingenuity, can build something great, including great wealth, in this land of opportunity, which has historically attracted dreamers from around the globe. We consider entrepreneurs—and not just the Henry Fords, Bill Gates, and Steve Jobs, but the smaller success stories that bloom around the country of businessmen and women who prosper and create jobs for people everywhere—among our heroes.
This part of America is changing rapidly. President Obama’s statement may have been meant to defend regressive tax policy: We can take from the wealthy and give to everyone else because we were all a part of their success. Yet there is more to it than that. The President isn’t just making the obvious point that we are all affected by our environment, and our success is fueled by the nurturing of parents and communities. In this new America, fewer and fewer businesses really are making it on their own because government has taken control of just about everything, so is increasingly in the business of doling out success.
This isn’t bad tax policy. This is a mindset fundamentally at odds with what we’ve known as the American dream and is a threat to the very foundation of our country.