Friday, June 17, 2011

Another business bites the dust

I received an email from an old friend I grew up with from my home town in Kentucky today. He informed me of a lumber company that is closing it's doors in August, after 131 years. It is sad to hear of so many businesses closing, due to the present economy. Unfortunately, it goes much deeper than just our current recession.... Most of the problem steems from a trend in "Big Government" that is only going to get worse if we don't stand up and do something about it soon. Here is my comment sent back to my friend.....

I'm seeing this happen more and more lately. Its a shame that so many old established small businesses are going by the wayside. There are so many obstacles for the typical small business today.... Multiple taxes, fees, licenses, employee benefits, etc., that the average business can not survive in today's economy.
And they wonder why our economy is on the rocks. If the average entrepreneur is not allowed to make a fair profit for his efforts, he will stop trying. When enough of them stop, who is going to support the masses who think they should receive a free ride. This is what will be the end of our free enterprise system as we have known it. What's left? Socialism?
Sorry, I just had to express my feelings.

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