It’s traditional to wish for a prosperous new year – but especially for our small business entrepreneurs, who are the backbone of our economy.
Unfortunately, that backbone is being burdened more and more. As we recently reported, Forbes now ranks the U.S. number 18 in the world for promoting a free market/free enterprise economic environment.
There are many factors which contribute to that ranking — one of them is the uber government bureaucratic regulatory state. When you consider the fiscal costs of regulations on businesses, it’s essentially taxation, certainly without representation, as it doesn’t emanate from the legislative branch.
So we enter 2015 with a sad reminder of how government is not supposed to work. A free market economic system is supposed to set the conditions for private sector success. That doesn’t mean no regulations — just not all of these “surprises.”