Ateneo Professor on Entrepreneurship
From Moneynews
Peter Schiff, the CEO of Euro Pacific Capital to Dems delegates who said that corporate profits should be banned. Schiff told the delegates they are wrong.
Corporation brings new goods and services to people, and profits are reinvested to create more jobs and improve the business. They even pay the taxes. Profit is the motivation of entrepreneurs to invest. The victory of Dem ideas means less investments or O investments and what we see now: job loss.
I would like to see the problem in the US of loss of jobs as a result of wrong mindset to the source of the economic activity in the US.
It is a mistaken belief by the Democrats that they are entitled to something from the govt; and that rich owe something to the govt.
For the Dems, is mentioning profits like holding a cross to a vampire?
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