Yes, an opportunity for the initiative to build a business.
Wishful Democrats passing all their taxes and regulation will diminish that opportunity and initiative.
No arguments there.
In an example of supreme irony, the less-intelligent and capable, the ones progressives are supposed to be interested in protecting the most, are the hardest hit.
Intelligent and capable people can navigate thru the maze of regulations successfully to run a business. A below-average IQ guy, who otherwise might be able to support himself and family with a lawncare business, for example, finds doing so a LOT more difficult due to the complexity of regulations.
All regulations produce barriers to entry, which by definition are an advantage to those already in business. Reduces potential competition.
Of course, those same regulations also have many negative effects on existing businesses.