Enterpreneur Spirit Crushed by Government Regulations : Prosperity Denied

Nothing new here - involve the government in anything is to invite failure from the corruption of moral imperatives and the total disregard of anything related to common sense. Government involvement means a shameless and relentless attack on anything and everything that resembles freedom of choice and profit.

Little wonder then why start-up business are failing due to the heavy hand of government, especially a government infested by progressive socialists when their sole purpose is control of all outcomes. Without being able to control every aspect of economic development is a death blow to the agenda and ideology of progressives, as freedom to chose means prosperity for the individual. Prosperity is the very essence of personal freedom.

Destroying the spirit to improve and flourish in a society is the main objective of the progressive, in that, personal accomplishment allows individual thought which is in direct opposition to the ideology of control resulting in subsistence and dependence that is required to make their system a reality.

Entrepreneurs Need Freedom, Not More Regulations
Source: David Burton, "Building an Opportunity Economy: The State of Small Business and Entrepreneurship," Heritage Foundation, March 13, 2015.

March 19, 2015

Entrepreneurship is in decline and studies show more businesses are closing than opening. Other signs of entrepreneurial health indicate that an unprecedented burden has been placed on small and start-up businesses.

The reasons for this are manifold. One policy change - or even a few - will not solve the problem because the problem is caused by the combined weight of hundreds of regulatory or statutory burdens imposed on small and start-up enterprises.

Problems entrepreneurs face include:

• Poor tax policies raise the cost of capital, impose high taxes on risk taking and impede economic growth. Additionally, the tax system is very complex, imposing inordinately high compliance costs on small and start-up firms.
• Securities laws and, to a lesser extent, banking laws and practices, restrict entrepreneurs' access to the capital needed to launch or grow their businesses.
• Environmental and energy regulations raise the cost of energy and limit development of energy resources.
• The cost of complying with increasingly complex regulations continues to grow rapidly. These rules have a disproportionate adverse impact on small and start-up companies that cannot afford to use limited resources on regulatory compliance rather than growing their business.

Entrepreneurship fosters discovery, innovation and job creation. Without innovation, productivity suffers, which causes real wages to suffer. Entrepreneurs develop new and less expensive products that improve consumer well being.

Therefore, Congress could stimulate the economy by easing regulatory burdens, poor tax policies and ending restrictive banking policies that prevent innovators from accessing the funds they need to do business.