For quite some time Jeff Cornwall at Belmont University has talked about the transition of our economy from mass employment through big corporations into a more entrepreneurial economy. The problem he noted was that government policy was completely out of date serving not just yesterday’s economy but a World War II economy.
But the government is starting to wake up and try to control the surge of entrepreneurship to control it and claim the credit for it.
Rather than empower the free enterprise system that fuels entrepreneurial actions, these policy makers want to take control and pick winners and losers. What we really need is much less intervention, control and regulation if we want to spur entrepreneurship, and not create more bureaucracy as this legislation would do.
Related link: LEGAL tax advice let’s you keep more of your hard earned money!
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