I would hate to be the winning Presidential candidate. Both
candidates are delusional in thinking their economic policies will
drag us out of a recession or even improve the economy. The reality is
that the solutions offered by both are the equivalent of shuffling the
deck chairs on the Titanic. They are meaningless.
You can cut taxes for 95% of Americans and raise taxes for the
rest. You can cut taxes for businesses and retain the Bush Tax Cuts.
You can increase or decrease the capital gains tax 5 or 10pct either
way. Under both programs the deficit for the country will increase,
we will borrow and print more money. 5 or 10pct variance either way,
given the big hole our economy is in wont matter.
The cure for what ails is us the Entrepreneurial Spirit of this
country. We are a nation of people who encourage , support and invest
in those of any and all age, race and gender who will use their
ingenuity and come up with a new idea.
Its always the new idea that re-energizes this country. Industry,
manufacturing, transportation, technology, digital communications, etc,
each changed how we lived and ignited our economy and standard of
living. Tax policy has never done that. The American People have.
Entrepreneurs who create something out of nothing don’t care what
tax rates are. Bill Gates didn’t monitor the marginal tax rate when he
dropped out of Harvard and started Microsoft btw, it was a ton higher
than it is today). Michael Dell didn’t wonder what the capital gains
tax was when he started PC’s Limited, and then grew it into Dell
Computer. I doubt that any great business or invention started with a
discussion or even a consideration of what the current or projected
income or capital gains tax was or would be.
The impact of tax rates on productivity and development is something
economists masterbate about. Entrepreneurs don’t waste their time
thinking about it. We have business to do.
Entrepreneurs live to be entrepreneurs. I have never had a
discussion with anyone about starting a business that included tax
rates. Ever. If anyone that wanted an investment from me made a point
of discussing tax rates as an impact on their business, I wouldn’t
invest in them. Ever.
Entrepreneurs live for the juice of making their dreams come true.
Of having a vision and fighting to see it come true. The joy of mission
accomplished and the scoreboard of the financial rewards.
We are in an economic mess right now. It doesn’t matter who caused
it. It’s here. It doesn’t matter what our Presidential candidates and
their economic advisors come up with. Its meaningless.
The cure to our economic problems is the Entrepreneurial Spirit of
All Americans. Instead of bitching at each other, could one
Presidential candidate please show even the least bit of leadership
and character and stand up for and encourage the entrepreneurs in this
country ?
i dont care who is friends with whom, who preached when you went to
church, whether you know the actual role of the Vice President, whether
you voted with President Bush. I dont care about any of the mudslinging
going back and forth. All it does is waste the time of every potential
voter. All of that is meaningless.
What we need is our candidates to stop yelling at each other and
starting looking at the American people and encouraging the best of who
we are. That is who I want to get behind. That is what I would like to
see for our country. That is what will energize and motivate people to
create companies and invent products that will turn the economy.
The best time for little guys to start a business is when the big
guys are worrying about surviving in theirs. You dont need to raise
money. You need to be smart and be focused. I had no idea until this
current financial crisis that when I started MicroSolutions, my first
company, it was in the middle of a very bad recession. I had no idea
whatsoever. I didnt know what the tax rates were, and I didnt care. I
had an idea, a floor to sleep on and a lot of motivation.
Now is the time for Entrepreneurs to step up and do our part for our
country. Its up to us to start businesses and create jobs. That is the
cure to this country’s economic problems.
