Business in the USA

Business in the USA

Name

Institutional Affiliation

Business in the USA

I would like to agree with President Obama for asserting that no one can succeed in any kind of business without involvement of the government. It is true that individuals succeed in business, as a result of their initiatives, determinations and industry characteristics. However, the contribution of the government should not be overlooked (Howkins, 2001).

To begin with, the government is deeply involved in the corporate sector through the provision of protective laws. It is the government and its agencies, which oversee the enactment and enforcement of laws, such as copyright control. These are exclusively aimed at protecting the patent rights of entrepreneurs. Otherwise, if there were no regulations, the businessmen would not have an opportunity to claim their innovations, because anyone would be free to infringe on such a right. Besides, the government provides police forces, which are concerned about the security of all people. As a result, the entrepreneurs will be secured and motivated to carry out their business activities in a more comfortable way.

At the same time, the government participates in the development of businesses by investing in the public infrastructure, like roads, bridges, railway lines, airplanes and trains. These are very important facilities, which directly contribute to the success of any business venture. All retailers, wholesalers and manufacturers rely on public media to transport their raw materials and finished commodities. However, this is not their effort, because it is fully sponsored by the government (Carlet al., 2009).

In conclusion, I would like to commend the government for its imminent contribution into business. However, in order to promote business culture and subsequently, create more jobs in the country, it should not overtax the entrepreneurs. Similarly, it should not promote the enforcement of unnecessary red tapes. Instead, it should come up with legislations, which can attract both domestic and foreign investors into America. This is the only way through which such investors will be motivated to come into the country and create more jobs for the Americans.

References

Carl, D.K., et al. (2009, November). Who Pays? A Distributional Analysis of the Tax Systems in All 50 States. Institute on Taxation & Economic Policy, Third Edition, p. 118

Howkins, J. (2001). The Creative Economy: How People Make Money From Ideas. London:

Penguin Books.