I saw this little story via Insty, and it made me not just sad, but furious. Read it first.
They didn’t lose a fortune, because they never had the opportunity to earn one. Nothing happened. There they sit. And there they’ll stay.
And that’s where the writer is wrong. You see, economists and accountants have a terms for this phenomenon, and it’s called “opportunity cost” — in other words, the financial cost of a lost opportunity. Because when people open up their own business and it’s even moderately successful, they have to hire other people to work for them. Those workers in turn become successful, and pay taxes, and perhaps use the learning to open their own businesses.
The aggregate opportunity cost of this ripple effect, just for this little case study, is potentially millions of dollars. The Toni & Guy chain of hair salons started in precisely this fashion with a single outlet in the 1960s, as did the JiffyLube chain, back in 1979 — and I chose these two businesses deliberately, because those are the two types of business that the above story deals with. Who’s to say that Kaitlyn and her husband wouldn’t have had a success story similar to Tony&Guy and JiffyLube? But we’ll never know, will we, because the heavy hand of government regulation reached into their lives and killed their adventure before it could get started.
So when Donald Trump’s first action as POTUS was to decree that all government departments had to delete multiple regulations for every new one they wanted to promulgate, it was to free people to get going with their businesses and dreams.
Lest we forget, the fucking Democrats are the party of massive regulation and government intrusiveness — and remember that if you’re toying with a “protest” vote against Trump (or a quixotic vote for a third-party no-hoper) in the mid-term elections later this year. (If you’re a lifetime Democrat voter and want socialism, then you’re at the wrong website and, if I may say, in the wrong country.)
It’s all very well for the economy to grow when manufacturing opens new plants and what have you (which is what Trump has also been making happen) — but that growth is finite. Individuals starting their own businesses and becoming successful isn’t finite: that is where America is at its strongest, and that is what will create true economic success for the whole country. And Donald Trump understands this, and because of it he deserves our unflagging support, if for no other reason.