What does America’s declining economic freedom mean for you? It means that America will create fewer jobs. And that means that Americans will be poorer, as well as less free...
...This is a competitive world, and businesses have choices. If the U.S. continues to fall behind in economic freedom, some businesses will make a rational decision to move elsewhere, and others will have less money to pay workers because they will be giving more to the taxman.
In his State of the Union address, the President stated that “And to encourage these and other businesses to stay within our borders, it’s time to finally slash the tax breaks for companies that ship our jobs overseas and give those tax breaks to companies that create jobs in the United States of America.”
But they’re not “our jobs” by eternal right. They are jobs created by private enterprise, within the context of the burdens imposed by the federal government. And as those burdens get heavier, the number of jobs on offer in this country shrinks.
If the President is serious about job creation, he will address the real threat to it: the policies of his administration, and of past ones, that reduced the willingness of companies to invest and their ability to grow by restricting our economic freedom.
From "Less Economic Freedom = Fewer Jobs for Americans" by Theodore Bromund
Sunday, January 31, 2010
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