Entrepreneurs can get us out of the mess, not tax shenanigans.
Just in from Marc Cuban…direct and totally on. See if you agree.
“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 95pct 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.
“It’s 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 masturbate 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 wouldnt 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 advisers come up with. It’s 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?
Gotta love those people who tell it like it is. Is there any entrepreneur out there who does not agree with this point of view?
Excellent, excellent post Kim. I quite agree. The more he writes of what the entrepreneurial spirit can do, the more I feel called to stand up. His words call to that part inside of me who also has parts that can contribute and can be part of pulling us out of this mess. The entrepreneurs of this country indeed do not make our decisions based upon the tax code. I especially love his statement that “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.” I am printing that one and posting it on my wall.
So this post calls ME to step forward, and I thank you. But I am wondering too about the masses of non-entrepreneurs out there. I had cause yesterday to go to an employee benefits training meeting, you know, folks in a regular corporation. It was almost depressing to be around these folks who work for an hourly wage. They so look to someone else to tell them what to do and to fix their problems. The experience made me SO PROUD to be an entrepreneur. It was sad to be with folks who had pretty much given up all sense of spirit. Being an ’employee’ for a long time rather does that to a person. I’d say the politicians are focusing their speeches on these folks, because there are so many of them in this country and they vote. Most people LOOK TO someone else to fix their problems. Entrepreneurs don’t do that one either. We just get going on the solution.
Is there something us entrepreneurs can do that can assist other folks to wake back up? to stop giving away their spirit?
I totally agree with Marc on this. We need leaders and entrepreneurs to step up and help America recover from this mess that was created by greed and Win/Lose we need more people with a Win/Win attitude to help turn this country around.
Despite what Marc Cuban says, most Americans continue to look to the government or their employer (or both) as their source of prosperity and hope.
It’s time to break away from that way of thinking. Learn to think for yourself, or others will do it for you.
Otherwise, we’re going to get more of the same, and we all know that is the definition of insanity.
I totally agree, and thank you for posting this. I am even more excited about building my network marketing business. Not only for my own success, but for the potential to help others reach their goals. Great antidote to the constantly negative news!
Candidates and the media always talk about “jobs.” Yes, we need more opportunity in the form of employment. But what about self-employment and business ownership? It seems to be a category that is overlooked in public discussion. Help people determine which option is the best fit – get a job, start a business, perhaps both. Not just talk about a “job.” Harness people’s innate creativity and let it express in whatever business form is appropriate. We’re fortunate to have so many choices and I think we should encourage people to think outside the traditional “get a job” mindset.
Wooo hooo!!! This post ROCKED!!! Thanks sooo much for sharing this with us Kim! Let’s wake up folks and “smell the coffee” or “the burnt toast” etc and finally realize it…what REALLY is running this country and keeping it “afloat” moneywise is the salesperson. Like Mr. Ziglar says…”Nothing really happens until a SALE is made first”! Keep up the great work everybody!