By Scott Shane
The Journal of the American Enterprise Institute
Wednesday, May 09, 2012
While you get more business formation if you reduce the barriers to starting companies, you don't necessarily get more successful entrepreneurship.
To read this insightful article... and Mr. Shane's great take on the recent comments from Mitt Romney and the Obama reaction... click here.
"Romney's logic is sounder than the president's. Allowing entrepreneurs to keep more of the profits from running their own businesses provides an incentive to overcome obstacles, like a lack of capital. If you tax entrepreneurs heavily, you reduce their incentive to overcome these obstacles and make them more likely to close down their companies."
