Tuesday, February 7, 2012
Dr. Kevin Portteus, Assistant Professor of Politics, Hillsdale College
Tuesday, December 7, 2010
The Taming of the Shrewd
Ten years ago, my husband and I began encouraging our two kids to learn about entrepreneurship. Like any good parents, we started simply and suggested that they sell homemade cookies and coffee at our yard sale. We explained to them about start up costs and how after their sale they had to pay back their original investment to us, (the bank), and any money left over would be “profit.” At the end of the day, they had profited seventeen dollars, and, as five and seven-year-olds, they were ecstatic. I saw a huge change in them after that day. My son became more interested in learning math and writing as he came to understand the practical uses for academics. The whole world opened up to him; he saw opportunity in everything and even started a very profitable business by the time he was twelve years old!
What would have happened to my kids that day if I had told them that, in the real world, they would have to give up most of their seventeen-dollar profit as taxes, and, at the end of the day, they would probably owe money? Where would their enthusiasm, vision, excitement, and industrious qualities go? Why would they even want to put the effort out to create cookies or, for that matter, ever start anything or become anything in life, if at the end of the day, they would have nothing to show for their entrepreneurial endeavors? If I told them the confusing truth, that even though some taxes are necessary most of the taxes they would pay would go toward entitlements for others who don’t work and won’t work because they are encouraged to sit and wait for someone to hand them a meal, a condom, free health care, fee education, free housing, and a free ride, they would have been as completely and utterly confused as the rest of us hard-working Americans.
Now that they are teenagers, I try to point out some things to them such as how government employees make twice as much as the average hard-working private sector worker and that the government takes just about all of the profit from our businesses each year and sometimes we even owe money. It is hard for them to fathom what I tell them and sometimes they actually begin to show signs of depression as I share what America now offers to its people.
When I explained that the government spends our hard-earned money like a group of women on a shopping spree at Macy’s and does not pay back the money that it borrows before it borrows more, my kids were confused because when they were 5 and 7 they had to pay back their original investment for their cookie supplies. When I showed my kids how our government treats successful American companies as if they were the enemy, while embracing failed companies, people, and capitalism-hating countries with the same love and compassion as a spoiling mother, they were completely overwhelmed.
I told my kids that starting a business nowadays will take so much more than all of their great visions and ideas: they will have to jump through bureaucratic hoops and ask permission to contribute to society in the form of paying thousands of dollars for permits for everything from the initial concept to opening the doors; after they make their first dollar, they will have to pay an accountant to make sure that the government gets its share; and when they become successful, they will have to become shrewd business people and hire a team of attorneys to protect what they have made.
My kids looked at me as if I had just read them a horror story and asked, “Mom, why would anyone want to start a business in America and how would the government operate if all of the entrepreneurs decided that they would stop running their businesses and make no more money? Where would the government get its money then?” I could only answer, “Hmmm… interesting questions!”
Tuesday, April 20, 2010
Conservative Blogs Take on EPA with Anti-Regulation Video Contests
Launched in response to a federal contest run by the Environmental Protection Agency (EPA) that seeks homemade videos touting the benefits of federal regulations, the anti-regulation video contests seek to demonstrate “the danger and damage” that can be caused by federal regulation.
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Monday, April 19, 2010
EPA: 'Tell Us Why You Want to be Slaves'
Contest Seeks Videos Promoting Government Regulations
President Obama's Environmental Protection Agency is encouraging the public to create video advertisements that explain why federal regulations are "important to everyone."
The contest, which ends May 17, will award $2,500 to the makers of the video that best explains why federal regulations are good and how ordinary citizens can become more involved in making regulations. The videos must be posted on YouTube and can be no more than 60-90 seconds in length.
In the current contest, each video must include the slogan “Let your voice be heard,” and it must direct viewers to the government’s regulatory website www.Regulations.gov. The winning video will then be used by the entire federal government to promote the regulatory process and enhance the public’s participation in it.
The EPA is managing the contest, part of the government’s eRulemaking program, on behalf of the entire government.
As explained in the EPA press release announcing the contest, the purpose of the videos will be to remind the public that federal regulation touches “almost every aspect” of their lives and to promote how important those regulations are.
Friday, September 18, 2009
Federal Regulations Imposed on Your Next Garage Sale
If any of our readers has any experience with this, would you please let us know when the Federal Garage Sale Inspectors show up?
From Fox News
By Diane Macedo
Americans who slap $1 pricetags on their used possessions at garage sales or bazaar events risk being slapped with fines of up to $15 million, thanks to a new government campaign.
The "Resale Round-up," launched by the Consumer Product Safety Commission, enforces new limits on lead in children's products and makes it illegal to sell any items that don't meet those limits or have been recalled for any other reason.
The strict standards were set in the 2008 Consumer Product Safety Improvement Act after a series of high-profile recalls of Chinese-made toys.
The standards were originally interpreted to apply only to new products, but now the CPSC says they apply to used items as well.
"Those who resell recalled children's products are not only breaking the law, they are putting children's lives at risk,” said CPSC Chairman Inez Tenenbaum. "Resale stores should make safety their business and check for recalled products and hazards to children."
In order to comply, stores, flea markets, charities and individuals selling used goods — in person or online — are expected to consult the commission's 24-page Handbook for Resale Stores and Product Resellers (pdf) and its Web site for a breakdown of what they can't sell.
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