photo credit: surface to air
As Dane says so well, it’s up to entrepreneurs to generate wealth. Government can only command, transfer and pilfer the wealth others create.
In case you missed it:
President-elect Barack Obama has put forward a $775 billion “American Recovery and Reinvestment Plan” to create 3 to 4 million new jobs. Unfortunately, the government can’t really create jobs. They can only steal money and productive value from the economy.
In a capitalistic economy, labor and capital freely flows to the most productive enterprises precisely because they’re the most profitable. All government can do is inefficiently redistribute wealth that the private sector creates.
The jobs that the Obama administration creates won’t add value to the economy. Instead their wages will be paid with stolen money (taxes) that could have been used to create more wealth. Instead, the standard of living will fall, because more government employees means more regulation and more regulation means a less efficient economy.
The real creators of jobs are the very readers of this blog, the American small businessman and woman. So, do your part and keep your eyes open for that next great opportunity. Generating wealth is more patriotic than it might seem in 2009.
erik burkhardt on January 25th, 2009 at 9:38 pm
Your blog is without a doubt one of the most informative and helpful blogs out there. I truly appreciate your content. I am always trying to look to improve my knowledge and strategy to make my home business stronger. The truth is anyone can work from home if they are willing to put in the time and effort and I always try to tell the people who join my program that. I am never disappointed when I come here. Thank You and Keep up the good work
LWS Freedom on January 27th, 2009 at 1:17 pm
What a great post. I agree, it seems to me that raising taxes is just going to tighten the pockets of the American people even more. I know I’m going to do my part to be more patriotic in 2009 and generate wealth.
Wendy In MT on February 2nd, 2009 at 2:04 pm
Great comments. If you’re going to sit around and wait for the govt. to bail you out, you’re in big trouble. People need to take action to generate wealth now more than ever.