Thursday, September 13, 2012

It’s about business, not taxes

This piece about Michael Bloomberg’s speech is true. I’ve worked with lots of businesses over the years and while they would like lower taxes, they don’t spend a lot of time worrying about taxes. They worry about their businesses, and how to grow them. They worry about finding employees, or coming up with new products, promotions, or something else.
Now they do worry about regulations, and those are a hassle, but you learn to comply quickly and get past that. Not that we shouldn’t simplify or minimize regulations, but let’s not get too caught up in this.
Business is about business, not taxes. Bloomberg is right. If our politicians spent more time talking about getting a good environment for US business, preventing dumping or foreign issues, we’d be in better shape.
Instead we have the average person listening to media and politicians obsessing about taxes because it sounds good. Stop for a minute and think about what you’d worry about if you were starting a business today. Taxes would be way, way down on the list.

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