Where do you go in this world if you’re young, smart, ambitious, and want to start a business and make millions? The U.S. of A. of course, everyone knows that! Or do they? The U.S. has a history of being a home for entrepreneurs and the place where anyone can come, from anywhere, and make millions of dollars by founding their own business. It’s completely apropos that the father of the U.S.A., George Washington, was himself an entrepreneur and farm owner.
One could argue (and many do) that the U.S. has fallen from its perch as THE place to come to to start your own business. Various reasons can be given for this, including one of the highest corporate tax rates in the world, a highly progressive tax system that is under pressure to become more progressive every year, increased government regulations that raise the cost of doing business, unions (which, of course, are effectively businesses in themselves with political top cover and the advantage of being able to automatically grab their revenues from workers’ paychecks in many states), and high labor costs. I have heard that many other countries have surpassed the U.S. as THE place to go to start a business, including Israel and Canada.
To read the full, original article click on this link: Is America Still The Home Of Entrepreneurship? - Forbes
