Cato Institute’s Senior Fellow Dan Mitchell explains that little companies, all things considered, fight against excessive government.
I like small businesses more than big businesses. Not because I’m against large companies, per se, but rather because big businesses often use their political influence to seek unearned and undeserved wealth.
The only bad policy associated with modest-sized firms is the Small Business Administration. And I suspect the majority of little firms wouldn’t even notice or care if that silly bit of intervention was shut down.
Rather than seeking handouts, small businesses generally are more focused on fighting back against excessive government.
That’s because taxes and red tape can be a death sentence for a mom-and-pop firm. Literally, not just figuratively.
We should have smaller government. Not just lower taxes (and simpler taxes), but also less regulation and red tape.
Read more here.
Latest posts by Dick Young (see all)
- Are You One of the Many Investors Wasting Your Time? - August 10, 2018
- Marry Compound Interest, Divorce Market Timing - August 3, 2018
- Investing with the Hard-Hitting NFL-style of Paul Brown - July 27, 2018