Our price of admission is the preservation and handing the gift which we received, America, to the next generation. Americans are in a position to choose whether we want to continue to be an example of what a free people can accomplish or to be an example of what happens to quitters.
The title to the book, The 5000 Year Leap, A Miracle That Changed the World, points out the huge contribution to the world in America’s very short history. We have, during our history, provided an example to the people of the world of what a free people entitled to enjoy the fruits of their risk and labor will accomplish. This has drawn ambitious people from all over the world because we offer opportunities not available in their homeland. We are now tracking the paths of other failing economies which have subsidized rather than incentivized.
THE CHALLENGE: How do we employ more American workers which will generate more collected tax revenue to support the overhead of government while enabling the workers to support their families and themselves independent of government assistance? The regular people from the retired – union/non union – public/private employees – business owners – investors would do much better if businesses were encouraged to expand and employ people. Forget Keynes’ The Means to Prosperity verses Hayek’s The Road to Serfdom and look at the results we have with sustained high unemployment and a huge increase in poverty and government dependence on food stamps, unemployment and mandates that private enterprise provide goods and services such as the Illinois private bank attacked by the DOJ for good lending practices or health benefits added to private providers mandates. The national debt now exceeds GDP which is not terminal if we continue to be able to service the debt by attacking our economic condition on many fronts, one of which is employment which increases collected tax revenue and decreases government expenses for unemployment related items.
America was created by a group of people who looked back into history and studied what had not worked as well as the human deficiencies which erode a government. They created a structure which would protect a just and moral people from tyranny and allow the industrious and risk takers to create and reap the rewards of their efforts. Businesses are sitting on money and constantly evaluating risk/reward to look for ways to make more money. They typically need to employ people to increase their income because they generate returns on their outlays or go out of business because they did not meet the needs of their customers at a price which the customer was willing to pay. “The advantage of a free market is that it allows millions of decision-makers to respond individually to freely determined prices, allocating resources — labor, capital and human ingenuity — in a manor that can’t be mimicked by a central plan, however brilliant the central planner.” — -Friedrich von Hayek
The following interview points out the thinking of a lot of small businesses which are being defensive rather than choosing to expand and employ more people. We need to nurture small business because the Small Business Administration points out:
“1. What is a small business?
The Offce of Advocacy defines a small business as an independent business having fewer than 500 employees. (The definition of “small business” used in government programs and contracting varies by industry; see www.sba.gov/size.)
2. How important are small businesses to the U.S. economy?
Small firms:
• Represent 99.7 percent of all employer firms.
• Employ half of all private sector employees.
• Pay 44 percent of total U.S. private payroll.
• Generated 65 percent of net new jobs over the past 17 years.
• Create more than half of the nonfarm private GDP.
• Hire 43 percent of high tech workers ( scientists, engineers, computer programmers, and others).
• Are 52 percent home-based and 2 percent franchises.
• Made up 97.5 percent of all identified exporters and produced 31 percent of export value in FY 2008.
• Produce 13 times more patents per employee than large patenting firms.”
This interview describes the view a lot of small business people have:
There is a Story of Stuff answer type cartoon which points out the advantage of helping each other do better rather than to take from those who have more than others.
Many small businesses have been driven under because the government gains too much power and the Collective chooses the winners and losers. There is a Collective made up of some big business and big union + some politicians + some very rich people. We see the results of any group having too much power throughout history and we were forewarned to guard against it as well as given the structure to prevent our loss of what makes America Exceptional and an example to the world of what a free people can accomplish.
“Government is not reason, it is not eloquent; it is force. Like fire, it is a dangerous servant and a fearful master.” – George Washington
“Unlimited power is apt to corrupt the minds of those who possess it; and this I know, my lords, that where laws end, tyranny begins” — William Pitt the younger, British Prime Minister (1783-1801, 1804-06) during the French Revolutionary and Napoleonic wars. 1759-1806 who also said,
“Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.”




