What Does it Really Take to Start and Run a Business?

At the MLK Now 2020 event, Ta-Nehisi Coates and Alexandria Ocasio-Cortez had a conversation in which #AOC claimed that, “No one makes a billion dollars. You take a billion dollars.” The obvious implication to her statement is that business leadership doesn’t actually contribute anything of value to a business. However, does this assertion hold true when one considers exactly what it takes to start and subsequently run a business?

Hashtags: #Business #Billionaires

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References

10 steps to start your business. (n.d.). Retrieved from https://www.sba.gov/business-guide/10-steps-start-your-business/

Deane, M. T. (2019, June 25). Top 6 Reasons New Businesses Fail. Retrieved from https://www.investopedia.com/financial-edge/1010/top-6-reasons-new-businesses-fail.aspx

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Why Capitalism is Awesome (Non-Compete Debunked)

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Supply & Demand (and Why it Matters)

In this video I briefly explain the laws of supply and demand, and how they work to provide the highest quality goods and services to the greatest number of people. I also apply this to the question of healthcare as an example.

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Patron Request: Wage Labor is Slavery Debunked Part 2

Made based on a patron request, this is the second in a series of videos debunking anarchopac’s video claiming that working for a wage is slavery.

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Debunking TYT on Corporate Tax Rates & Economic Growth

The Young Turks think that its silly to assert that lowering corporate tax rates will cause economic growth. While this discussion is a bit more complex than a discussion about tax rates overall, history and common sense confirm that lower taxes lead to economic growth and that higher taxes lead to economic destruction.

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Academic Sources:

Meier, K. J. & Prillaman, S. A. (2014). Taxes, Incentives, and Economic Growth: Assessing the Impact of Pro-business Taxes on U.S. State Economies. The Journal of Politics, 76 (2), 364-379.

Sowell, T. (1995). The Vision of the Anointed: Self-Congratulation as a Basis for Social Policy. New York, NY: Basic Books.

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