Tuesday, May 17, 2011

Taxation and small business

When governments are irresponsible, and develop habits such as taking money from producers in the middle class and using it to buy votes from takers, the money eventually runs out. Cash flow becomes negative.

In those times, small business owners need to alert. Large businesses can take care of themselves. They encourage legislatures in their employ to enact regulations which allegedly protect consumers, but are actually intended to prevent new entrants. It has always been done that way. 

But small businesses will be viewed as cash registers for hungry, desperate legislatures.

So be careful, and be smart. Follow the rules--don't cheat--but play the game as well as you can. 

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