Taxes and red tape deter potential entrepreneurs
July 2, 2006
Reducing bureaucratic meddling and taxes encourages entrepreneurs? 'Shock, horror!' I gasped. That's just one of the conclusions from a good little article I came across on Stuff, republished from The Dominion Post. It cites a recent report done by Warrillow, a Canadian market research company.
The report divides entrepreneurs into mountain climbers, freedom fighters and craftsmen, and explains the differences between them. The mountain climbers are more likely to turn into the 'tigers' which are so scarce in New Zealand. Unfortunately, they only comprise about 2% of the entrepreneurs in New Zealand.
Here's an excerpt from the article:
However, the experts agree that some environments are more favourable than others for fostering business ambition.
A report by an American academic and former New Zealand Treasury adviser, Frederic Sautet of George Mason University, says New Zealand has benefited from the radical economic reforms of the Rogernomics era, but since then has been going sideways.
Mr Sautet's report Why Have Kiwis Not Become Tigers? calls the reforms unfinished business, saying if New Zealand really wants more entrepreneurs, it will have to cut back on big government, high company taxes and red tape.
If Commerce and Small Business Minister, Lianne Dalziel, really wants to do something about the lack of entrepreneurial 'tigers' in New Zealand, perhaps she should talk to her masters about reducing the central planning and taxation.
But I suspect this government is more concerned with 'doing what looks good to THE PEOPLE' and buying your votes with your own money (see http://www.DarntonVsClark.com/), rather than actually doing what is sensible and right. They have proved time and time again that they only care about holding on to power at all costs. They will only allow you to become marginally successful, in order to milk you dry, and to buy your neighbours' votes. You are their golden goose.
Read the rest of the article here:
http://www.stuff.co.nz/stuff/0,2106,3719886a1864,00.html
The report divides entrepreneurs into mountain climbers, freedom fighters and craftsmen, and explains the differences between them. The mountain climbers are more likely to turn into the 'tigers' which are so scarce in New Zealand. Unfortunately, they only comprise about 2% of the entrepreneurs in New Zealand.
Here's an excerpt from the article:
However, the experts agree that some environments are more favourable than others for fostering business ambition.
A report by an American academic and former New Zealand Treasury adviser, Frederic Sautet of George Mason University, says New Zealand has benefited from the radical economic reforms of the Rogernomics era, but since then has been going sideways.
Mr Sautet's report Why Have Kiwis Not Become Tigers? calls the reforms unfinished business, saying if New Zealand really wants more entrepreneurs, it will have to cut back on big government, high company taxes and red tape.
If Commerce and Small Business Minister, Lianne Dalziel, really wants to do something about the lack of entrepreneurial 'tigers' in New Zealand, perhaps she should talk to her masters about reducing the central planning and taxation.
But I suspect this government is more concerned with 'doing what looks good to THE PEOPLE' and buying your votes with your own money (see http://www.DarntonVsClark.com/), rather than actually doing what is sensible and right. They have proved time and time again that they only care about holding on to power at all costs. They will only allow you to become marginally successful, in order to milk you dry, and to buy your neighbours' votes. You are their golden goose.
Read the rest of the article here:
http://www.stuff.co.nz/stuff/0,2106,3719886a1864,00.html