Monday, October 25, 2010

Cameron Turns to Job Creation - WSJ.com

SOUNDS GOOD, BUT IS IT GOOD?: Cameron Turns to Job Creation - WSJ.com: "You are absolutely right David.

One can't help but think of Bill Gates in the 1970's having to have been picked by some bureaucrats to be successful versus the ideas, wherewithall and ability to do things on his own, as he saw fit.

Government types and union types just don't understand the mindset of creative types or entrepreneurs.

And, as with everything, the bottom line for risk taking is reward; and, this doesn't mean (as you say) high taxes to support the non-working, early retiring, bureaucratically burdensome that feel entitled to the same fruits of production as those who actually work and produce.

It may seem appealing to think that because one is from the UK (or, the same in the US) that you will or should feel committed to building a business there; but, when you pay a 50% tax on what you earn and someone with equal skills and energy pays a 20% or lower tax - then you just can't compete because the low tax payer can accumulate much more capital, much more quickly.

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