Saturday, February 5, 2011

Go Stifle Yourself

Ace of Spades HQ: "Mr. President, we don't have an incentive problem. We have regulation problems. We have tax problems. We have rising energy and commodity prices. We have an increasingly unfavorable global business environment. We have legislative uncertainties hanging over businesses' heads like the Sword of Damocles.

But we want to make money. We want to do business. We want to innovate so that we can make more money and do more business. We don't need more incentives - incentive is built into the American system and psyche.

And we particularly don't need a ridiculous self-defeating scheme whereby the government encourages innovation via incentives funded by taxation, which stifles innovation."