There is a difference between entrepreneurs and politicians. Entrepreneurs are willing to risk it all in pursuit of a dream or an idea that produces real value for society while politicians merely whine about entrepreneurs. Entrepreneurs put what they have on the line and then devote the blood, sweat, and tears necessary to grow their business. However, the mantra of the political left and recently some of the right is that corporations owe us. They owe us better pay, they owe us better service, they owe us cheaper prices. Entrepreneurs don’t owe us anything.
Of course there is a minimum wage and there are corporate taxes, but neither of these should exist or help the people they are intended to help. In fact, Larry Kotlikoff, a top economist who arguably falls on the political left believes that corporate taxes are largely paid by labor.
An example of this defeatist attitude is included at the beginning of a recent article by Senator Sherrod Brown. In the article Sen. Brown complains that, “Corporations refuse to pay their workers enough to pay their bills, and big banks won’t make small dollar loans to help people with small dollar expenses…”
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