Comments on: The Cure to our Economic Problems

By: Jason Massey (@JasonM)

Jason Massey (@JasonM) — Sat, 27 Oct 2012 16:56:00 +0000

Well said, Mark! Same holds true for venture capital. I have never heard a tier one VC say they would stop making investments if their carried interest was taxed as ordinary income.

I tried to tackle this in a recent Op-Ed on tax policy and job creation.

http://www.newsobserver.com/2012/10/25/2438325/creating-jobs-with-greater-efficiency.html

By: Frank Kessler

Frank Kessler — Thu, 25 Oct 2012 19:34:50 +0000

I have lived this phillosphy for the last 15 years. I have been trying to find investors for a new kind of shopping mall, that will change the way America shops for weddings. I will never give up- and with contracted partnerships with major retailors–it will happen. They laughed at Sam Walton–and the city council told Bill Gates No at his first request for a permit to build his first warehouse. All I am looking for is a building/ or land, along with the construction needed to finish. A 3% market share- in a 100 mile radius- is $20 million NET first year.

By: kstrandberg

kstrandberg — Thu, 18 Oct 2012 17:45:11 +0000

This has been such an inspiring and insightful blog to read as I am about to graduate this coming Spring. My dad is the new president and CEO of the Enterprise Development Corporation (EDC) of South Florida and their primary goal is creating successful enterprises which ultimately will result in the creation of high value jobs. He believes that any successful efforts by the EDC are more important than ever especially with the current economic climate.
Start-ups and entrepreneurs are the key to giving this economy the economic jolt it needs. A definition of an entrepreneur that my dad often shares with me is that an entrepreneur is someone who jumps out of a plane and, on the way down, tries to figure out how to construct a parachute. I think this economy has instilled allot of fear in everyone, especially my generation, and it has taken a toll on the willingness and eagerness of entrepreneurs to take this initial leap. It’s the difficulties and hard lessons learned that creates the most capable entrepreneurs, but in our society we are so focused on success alone and don’t value or see opportunity in times such as these.
I am extremely worried about the future economy but I believe if we have more people with the mind set such as yours, who value and see the importance of nurturing and placing a stronger emphasis on entrepreneurs and start-up successes – we will start to climb out of this recession.

By: Sohin Shah

Sohin Shah — Thu, 11 Oct 2012 12:23:50 +0000

Reblogged this on Valuation App and commented: Best.Blog.Ever!

By: StaffingIndustryJobs (@gistaffing)

StaffingIndustryJobs (@gistaffing) — Fri, 05 Oct 2012 19:32:54 +0000

Great article 4 years ago and probably applies even more today. As an owner of a staffing company, a startup company that is online based and I’m looking to get two other companies off the ground in the next 12mnths, I see the fantasy and obstacles the gov’t has created regularly.

There is no turnaround UNTIL there is job creation. There is no job creation until entrepreneurs create companies and that will not come from any tax code change from the gov’t.

The dot.com boom came from men and women willing to take a chance even if no one funded them. When there is an idea that is great, there will always be people willing to fund it. Tax code or no tax code. Ideas are market driven. Good ones succeed and bad ones fail. All you have to do is watch 1 episode of Shark Tank and you see that concept pretty quickly. All the tax code does is create more jobs for people in the gov’t.

Entrepreneurship and starting a business is not about participation metals you get in grade school. It’s about long hours and sticking with something when no one else will… Tax code won’t change that, only the idea’s and the belief in those ideas will change the economy… and that will bring more jobs….

By: Cole Patterson

Cole Patterson — Mon, 01 Oct 2012 12:47:20 +0000

“To man can become rich without himself enriching others.” — Andrew Carnegie

Mark, it seems you and Andrew share that same ideological framework. The fact is too many entrepreneurs complain about not finding capital. Money follows good business ideas–doesn’t even have to be a great idea. If the business model is sound, the market is primed, and the product is feasible, then it is a matter of selecting the RIGHT money.

My social gaming company, The Drink Exchange, has gone a step farther by creating the win-win-win-win business model thus affording 90+% margins.

Mark, you will be able to appreciate this one. Imagine not having to pay a celebrity like Diddy $100 million dollars to move a product into mass market consumption. This is accomplished with The Drink Exchange through that entrepreneurial spirit that enriches others first!

Love the blogs Mark, keep them coming.

By: Frank Risalvato

Frank Risalvato — Thu, 27 Sep 2012 12:28:00 +0000

I was reading Forbes and an article stated the top wealthiest Forbes 400 had a net worth of $1.6 Trillion dollars. So if the U.S. government confiscated 100% of the net worth of the Forbes 400, that would pay off — get this — 10% of our current $16 Trillion in debt.

Mark I love reading and following you as you’ve always been a straight-up guy, but the average American can’t work at Facebook, Oracle or Google either.

By: Cyryl Kwasniewski

Cyryl Kwasniewski — Mon, 24 Sep 2012 08:03:23 +0000

That problem is pervasive across borders. It seems as if all politicians were carved out of the same stone. Like in Armaggedon, the movie:

“Russian, American, all made in Taiwan.”

Europe suffers from the same kind of dumb political disputes.

By: Jeff Nabers

Jeff Nabers — Sun, 23 Sep 2012 21:56:55 +0000

Bill Gates & Michael Dell didn’t care about taxes to stop them from building their companies the way they did.

What about the entrepreneurs that never were? What about the names you don’t know of and the major developments that didn’t happen because of the those would-be entrepreneurs who actually did care about taxes and financial slavery?

What about all of the solutions we DON’T have because of taxes.

What about the projects that Bill Gates & Michael Dell had to scrap because their “taxes” were taken away from them?

Smart economists do like the masturbate over the things that DIDN’T happen as a result of stealing capital, energy, and incentives away from their natural, free market flow.

And you like to masturbate over the successful entrepreneurs who did it despite taxes and government regulations.

Why doesn’t everyone stop masturbating and listen to each other?

By: The Cure to our Economic Problems « blog maverick | Amer's Blog

The Cure to our Economic Problems « blog maverick | Amer's Blog — Sat, 22 Sep 2012 09:00:20 +0000

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