What I find confusing regarding Mr. Winn is that while he feels comfortable bashing President Obama’s anti-business stance, he is an ardent supporter of Nevada Senator Harry Reid. Senator Reid walks in the same suit as President Obama when it comes to being anti-business with respect to taxation, regulation and a strong advocacy for the very wealth redistribution and punishing of success that Mr. Winn finds so distasteful in President Obama. Still, I find his comments insightful and accurate and worth passing along.
While holding trillions of dollars on the sidelines due to uncertainty about the economy, the anti-business climate set by the government, the high corporate and capital gains tax rates and the advocacy of overbearing regulation may not exactly constitute a mass exodus of creators and business leaders from society to seek refuge in “Galt’s Gulch”, it is close to the predicted behavior described by Ayn Rand in “Atlas Shrugged”. Business leaders have not withdrawn from society, but they have moved their wealth and their business interests to other nations where, ironically, they are free to run their businesses in a manner that suits them, to pay taxes that they feel are the most fair, and to accumulate sufficient wealth to expand back to the United States should our political leaders ever come to their senses and give them reason to return.
Pick up a copy of “Atlas Shrugged” if you wish to enhance your ability to more accurately see your surroundings and find a pathway to success in a dismal politico-economic environment where society places more value on those who fail or never try to succeed than it does on those few who do succeed and provide the means for most to earn a living. It’s a long book, but it’s more than a fictional story; it is a philosophic roadmap to a purposeful and happy life. For those of you under 30, you and your children will be paying most of the tab for our excesses today – do yourselves a favor and arm yourselves with the rational information and tools you will surely need down the road.
For those who doubt the seriousness of this view on government by business leaders, here is a letter written to President Obama by Ken Langone, a former director of the New York Stock Exchange and co-founder of Home Depot. He is chairman of Invemed Associates.
Here is the perspective of 3M CEO, George Buckley.
Bernie Marcus, current CEO of Home Depot adds his view.
Then there is the buidling of the new Oakland, CA Bay Bridge. The paving and general assembly of the bridge will be done by American workers; however, the bridge itself is being engineered and constructed by approximately 3000 Chinese workers IN CHINA. I guess there were shovel ready jobs that arose from the stimulus after all; they just weren’t for U.S. Citizens.
It’s a good thing President Obama and the Democrats are looking out for the American worker by spending trillions on stimulus and quantitative easing programs to help them earn a living and keep America strongly competing with China for economic dominance. U.S. unemployment may have risen to 9.2%, but there are fewer unemployed Chinese thanks to Democrats.