Posted on 01/14/2015 6:57:05 AM PST by george76
“for the first time in 35 years, American business deaths now outnumber business births.”
Clifton says for the past six years since 2008, employer business startups have fallen below the business failure rate, spurring what he calls “an underground earthquake” that only stands to worsen as lagging U.S. Census data becomes available.
“Let’s get one thing clear: This economy is never truly coming back unless we reverse the birth and death trends of American businesses.
...
the numbers paint an ominous portrait of America in a dire state of decline.
“I don’t want to sound like a doomsayer, but when small and medium-sized businesses are dying faster than they’re being born, so is free enterprise,” says Clifton. “And when free enterprise dies, America dies with it.”
(Excerpt) Read more at breitbart.com ...
I have been a principal in a couple of small businesses. The level of regulation has just kept going up over the last 30 years. I’d be reluctant to start one again... unless I had a SUPER idea. There’s too much regulatory drag.
Wonder if the fact that we have the highest corporate tax rate in the world has killed some industries from locating/expanding here?
The political logic of high corporate taxes reminds me of a tax Gov. Celeste of Ohio passed years ago. It was when northern companies were relocating to the south to avoid unions. Celeste argued for, and got, an “exit tax” equal to 6 months wages if a company closed and left the state. A few months later, Celeste seemed surprised that there were virtually zero new companies starting in OH. To his credit, they scrapped the tax in less than a year.
I don’t think it’s by accident that one of the world’s fastest growing economy’s has the lowest corporate tax rate...not China, it’s Chile. If Obozo announced that he was going to reduce the corporate tax rate to a max of 15%, the influx of business...especially from the Pacific Rim...would cut the unemployment rate in half. But, Obozo would rather have policies that punish business and the rich. I don’t know about you, but I’ve never been hired by a poor person.
Several waves of new job and businesses killing taxes and regulations have not yet hit.
Please do, because it's the truth and it's worse than that actually. The problem is not just economic, in fact the economic problems are just a symptom of the real problem.
The real problem is out of control authoritarian government.
I fully support an article five convention, which I believe to be the only peaceful way to regain our liberty. That' being said, I'm starting to think we may have waited too long.
Directive 10-286 is just around the corner and I am quite certain Project F is lurking in the darkness just behind it.
At this point, perhaps we must try to understand what has to happen in order for America, as we used to know it, to be reborn. American businesses are no longer capable of sustaining their workers and their livelihoods. The purpose they now serve is to support an ever-increasing number of free-loaders who will sap them until the last drop of value is extracted from them. Unlike the workers of the past, these sops will contribute or return nothing to the good of free enterprise.
We will all suffer, but when the present clueless masses have been educated in the concept of “work or starve” because there is nothing left for them to steal, then once again, an America built on personal effort and responsibility may be able to arise.
It has to begin with us, our children and grandchildren however. The present educational system is preparing them for a dependent life, and that has to be changed.
This all sounds like pie in sky at this point in time, even as I type.
Makes sense, just look at the current tax and regulatory environment in this country.
5.56mm
Unpossible, the mediots tell us daily how great everything is.
And project X will be ready to subjugate the masses.
An immoral population incubates an immoral authoritarian government.
I fear the only way to go is compete collapse and reformation.
Totally unexpected.
Just as the Crony Capitalists like it.
Don’t need no more stinkin’ competition!
This is the fascist plan. Big governments and multinational corporations want to create a one world feudal government/currency/religion/culture.
Even a President Jeb Bush going on TV and saying positive things about the economy would do more good than the sunsetting of ten thousand regulations. The US economy is largely what people feel it be - and Obama has worked overtime for six years to make sure Americans feel lousy about their current situation and the future. It's a deliberate Socialist poisoning, aided and abetted by their MSM stooges.
I have a small biz (since 1979). Gross billings up to 2008 used to be in the $420K range. Had enough to hire subcontractors, cleaning people, services, etc. In 2009 biz dropped by 62% in that year. Had to cut all subs, services, overhead, etc as much as we could and keep the biz going.
Subsequently, 2 of my subs have lost their homes in 2011. It is a shame since we had paid them a very good salary.
This past year was our worst gross billing year: $103K. It has been terrible. Now we just make enough to pay the bills and buy food. And unfortunately we don’t see it coming back at all.
Sorry for your pain.
Unless ACA and other new regulations / higher taxes in the pipeline are stopped and reversed, it is going to get even worse in the coming years.
only businesses relying in food stamp, free housing and corporate contract welfare are doing good, all the while they keep people in poverty and house friends of politicians who destroy competition with regs.
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