Today during the BLACK POLITICAL BUZZ Blog Talk Radio Broadcast we will discuss how FREE ENTERPRISE/ Small Business has historically been the pathway to Success in America, especially within the BLACK American Community.
However it now appears that FREE ENTERPRISE which is the foundation for the Small Business Community, is being threatened via unnecessary TAXATION disguised as "Regulations".
I am not opposed to Regulations because as a Civilized Western Society, America needs Regulations to help create Order.
However Excess Taxation, disguised as "Necessary Regulations to keep us Safe" should not be used as a Deterrent to Launching & Operating Successful Small Businesses.
This includes launching Successful Small Businesses within the BLACK American Community.
America's future to continue Competing on the Global Stage will depend on her ability to cultivate an atmosphere conducive to Small Business via FREE ENTERPRISE.
During this episode I also discussed how Former Pres George W. Bush contributed to the Recession via a Deregulated Financial Industry. Yet under Pres Obama's Administration NOTHING has changed because Big Banks are now making More Money than ever at the Expense of Consumers & Taxpayers.
FREE ENTERPRISE: An economic system where few restrictions are placed on business activities and ownership. In this system, governments generally have minimal ownership of enterprises in the market place. This system aims for limited restrictions on trade and minimal government intervention.
CAPITALISM: An economic system based on a free market, open competition, profit motive and private ownership of the means of production. Investors in these private companies (i.e. shareholders) also own the firms and are known as capitalists.
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