Professor Metal's Liberty Lair
  • Blog
  • About
  • Contact

Dissing Entrepreneurs & Business Owners

9/5/2018

1 Comment

 
​Once on his T.V. show, John Stossel laid out dozens of consumer goods: a flashlight, a newspaper, a video camera, etc.  As he strode along the tables, he picked up and demonstrated some, then held up a smart phone and said “now it’s all in my phone for a few hundred dollars.  What a bargain!”
 
Back in the day when you fumbled your way to turn off the alarm clock, or took your Walkman to the gym, or mapped out a particular destination, did you ever think to yourself “man it’d be great if I could access all my stuff at once in the palm of my hand?”  If you did, did you go around waving money hoping someone would concoct and sell such a device to you?  Doubtful. 
 
Make no mistake; for all but the most basic goods, supply creates demand.
 
Many of us have had an idea(s) that we thought could possibly be turned into a worthwhile commercial venture, but how many could actually do something about it? 
 
While we’re partying, playing ball or otherwise maximizing our leisure time, folks like computer programming pioneer Rear Admiral Grace Hopper, or Tony Fadell, co-inventor of the Nest Thermostat, are trying to figure out a way to make life better, easier.  Whereas we’re busy adding bells and whistles to our resume, these visionaries we’ll end up working for are singularly focused and determined to make their vision a reality. 
 
“Entrepreneurial spirit” is a personality trait that can’t be taught.  Without its creative spark, much land, labor and capital would lay idle; some of the latter two might not even exist.  There would be notably less progress without that applied imagination. 
 
While untold numbers of these dreams are never realized, some are: the tastiest recipe comes together, biology and chemistry are merged perfectly into a life-saving medicine, etc.  At that point a vital characteristic kicks in; intestinal fortitude. 
 
Put yourself in their shoes for a moment, and you can start to understand why a high school classmate recently told me he’s “gone crazy and started a second business”; many times they are trading a regular paycheck for a world of uncertainty. 
 
These producers deserve the utmost respect and admiration for taking the dive.  Unfortunately, too many people don’t get it.  “You chose to do that, so deal with the taxes and regulations” someone once told a friend of mine who co-owns not one, but two businesses.
 
These are probably the same type of folks behind some of the more misguided, domineering initiatives to have sprung up across the country in recent years. 
--
In May, in an effort to deal with a growing homelessness problem, the Seattle city council unanimously passed a so-called head-tax of $275 on every employee of local businesses that earned at least $20 million annually.  They wanted $500, but the mayor threatened a veto because apparently that was too high. 
 
Seattle-based Amazon issued a veto threat of its own, implying that a second headquarters might not be the only company growth that happens outside the city due to its “hostile approach and rhetoric toward larger businesses.”
 
A month later, the city repealed the measure.   
 
A few years prior, the Emerald City boosting the minimum wage to $15 per hour.  Even as this particular policy slips further into obsolescence due to automation and the fact that very few people support a family on such earnings, how insolent of a public body to commandeer the resources of those who risked their livelihood and financial solvency to get a new venture off the ground. 
 
In addition to having their own elevated minimum wage, the D.C. city council recently raised by fivefold the revenue tax on Uber, Lyft and other ridesharing companies in order to provide funding for the  government-run Metro transit system. 
 
What type of reasoning concludes that one way to fix homelessness is to tax employment, the very activity that produces the income needed to obtain shelter?  What kind of imperious mentality endorses taking from successful companies to give to a failing entity?
 
The irony with these ordinances is that the homelessness is exacerbated by restrictive zoning and a building code that is more than twice the size of Portland and Austin combined, and the overcharged Metro patronage is slipping in part because of safety and maintenance concerns.
 
This kind of foolish, authoritarian approach has infected other parts of the country as well. 
 
In the Big Apple, Mayor Bill De Blasio and the city council are going another round with those same ride-sharers by capping new vehicle licenses and imposing upon them an industry-specific minimum wage.  Even here in the Alamo City an ordinance was recently passed to coerce businesses to pay for employee sick days. 
 
If politicians as high up as Sens. Cory Booker (D – N.J.) and Kirsten Gillibrand (D – N.Y.) are so confident in their business ability that they’ll propose a jobs guarantee, why not strike out on their own, without the cushion of a taxpayer-supported slush fund?
 
Because just like many other officials and activists, they have scant, if any experience owning/running a business.  It begs the question; where does all this misplaced overconfidence come from? 
 
Innovators and producers don’t ask for our gratitude, but nor do they welcome such arrogant policy supported and enacted by those with only a fraction of their cojones.  If these kinds of regulations continue to proliferate, the next big gadget or service could very well disappear from the future just like Marty McFly before his parents kissed.   
--
Perhaps these bureaucrats and advocates could instead become productive members of society and put their money where their mouth is, like the investors in the Tri-State Coalition for Responsible Investment did a couple years ago.
 
Led by former executive director Sister Patricia Daly, they spearheaded a shareholder drive to compel ExxonMobil to factor the “realities of climate change” into their policies.  Sister Daly is currently on the advisory board of Jana Impact Capital fund, which along with the California State Teachers’ Retirement System, is pushing Apple to “offer parents more tools” to help them monitor their kids’ activities on their products. 
 
Or, they could follow Howard Schultz’ example.
 
Under his leadership, in an effort to “build the kind of company that … not only cares for its people but gives them opportunities to be their best,” Starbucks recently gave a healthy bump in pay to its employees, extended to most of them tuition reimbursement for an entire bachelor’s degree from Arizona State University, and expanded parental and sick leave benefits. 
 
If those avenues seem too daunting, they could open a lemonade stand and experience the wet blanket their ilk have thrown on pre-teen entrepreneurs.   
--
Fans of “The Walking Dead” will recall the first things the survivors did after escaping the “biters”: gather food, set up shelter and scavenge fuel.  For the sake of survival, we’ll always seek out these basic necessities before they’re presented to us.  However, even the supply of these items has reached vast abundance and variety due to pioneering minds.    
 
One friend of mine was recently called up by the ABC show “Shark Tank” to pitch his vision of “revolutionizing urban agriculture” by employing underutilized spaces like city-owned vacant lots and drainage areas, while my aforementioned classmate tells me he will soon be machining new cost-saving equipment that will “revolutionize” the energy industry. 
 
We hear about heroes all the time: medics, teachers, first-responders, et al.  These risk-taking creators of the future belong in the same conversation.  Only they know the answer to the question with which Stossel ended his show: “who knows what’s coming next that I can’t even imagine?”
1 Comment
assignment writer uk link
10/14/2019 05:04:24 pm

Why are people like this? In my opinion, people are just too envious about others and it is not making the world better. Why can't we just happy for the success of other people? We do not need to hold each other down, we need to rise above. I hate that we are all dragging each other down the mud when we should all just boost each other to the top. I hope that we clear this mentality of ours pretty soon.

Reply



Leave a Reply.

    Picture

    Author

    I have worked in oil & gas for 20+ years, including the 21st century energy renaissance in Texas.  I have taught economics to local college students since 2014.  I am sending 4 wonderful daughters out into the world, starting my first high school graduate this June (summa cum laude, no less). I ran for San Antonio City Council in Spring 2021.
    To see where my mind is at, check me out at RealClearMarkets, Mises Wire, The American Spectator, the Foundation for Economic Education, and the San Antonio Express-News, among other.

    Archives

    August 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    April 2020
    March 2020
    February 2020
    December 2019
    November 2019
    October 2019
    July 2019
    June 2019
    May 2019
    October 2018
    September 2018
    July 2018
    June 2018
    May 2018
    March 2018
    December 2017
    November 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    January 2017
    December 2016
    September 2016
    August 2016
    July 2016
    May 2016
    April 2016
    February 2016
    January 2016
    November 2015
    September 2015

    Categories

    All

    RSS Feed

Proudly powered by Weebly