|"The Business of America Was Business"|
Coolidge Updated for 2012
Commander Kelly asks, "Why would anyone want to own or start up a new business in the USA now if they did not absolutely have to?"
No, QE is not really an answer.
I note that Forbes recently (pre-election) downgraded the USA from #9 to #10 in their list of the best countries to do business. Canada and New Zealand lead their list. High taxes, about to get higher still, hurt the USA ranking and also monetary freedom.
Capital goes where it is treated best; that will not be the USA for the foreseeable future.
Comments most welcome!
Special thanks to Jon Shields for pointing out the Forbes article.
No More Business Time?