There are entrepreneurs among us that have proven their ability to create and sustain a business, employing hundreds of people, satisfying customers, and contributing millions of dollars to the economy. 
If businessmen look at high tax rates and ask themselves if working the many extra hours and risking capital is worth the extra income after a 60% tax rate, a certain percentage of people would say no.
Quite simply, the greater the percentage of income taxed by the government, the less likely it is that the already wealthy entrepreneur will create tens of millions of dollars of economic activity and employ hundreds of people.
The principal of supply and demand works for labor as well. The greater the number of jobs, the higher the wages are needed for employers to seek out better employees. 
Conversely, when jobs are suppressed, employees have to compete by offering their labor for less to attain employment.  Small businessmen often go with little to no compensation to keep their businesses alive.
Government taxes and regulations sometimes discourage the expansion of successful businesses. Because of excessive taxation, businessmen can be influenced to cut back their hours and employ less people, thus hindering them from their fullest potential of contribution to economic activity. Any taxes or regulations that carry this effect should be eliminated. 
Many would claim that if one entrepreneur does not start a business, then another will. Thus, by not starting a business, the economy does not suffer or lose jobs.  This, however, is an incredibly short sighted conclusion.
If the disincentive does not dissuade others from filling the gap, we have to consider the businesses that others are not starting elsewhere because of the need to fill this gap.  Every employee working adds one job to economic activity, and every employer adds multiple jobs and economic activity.


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    Haley2024 The Movement Blog

    Bill Haley

    Bill Haley started this Haley2024 in the spring of 2013 in an effort to do his part of restoring freedom to America.


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