General Discussion
In reply to the discussion: Can we stop with the Paul Krugman posts already? [View all]dkf
(37,305 posts)And years of implementation. The ACA and Dodd Frank still have far to go in terms of specifying how it all works. He has created exactly the wrong atmosphere for a person to dive into entrepreneurship. Some of his laws are crossing my path at work and there is no guidance on how to implement with everyone guessing if their interpretation will be adequate. People who have been doing this for ages are as befuddled as anyone. I pity the newbie trying to decipher it all.
Yes he wants to fix things, so he is well meaning, but he has made it so much more complicated and frustrating.
Then on top of that are his statements that some people make enough money. That doesn't build sentiment that a person will be rewarded for extra effort. It's a downer. Even his attempts to cap retirement funds at $3 million...what incentive is that to build up your retirement?
I wonder sometimes why he is so tone deaf to entrepreneurs and wanna be entrepreneurs. That's no way to grow an economy through innovation.
And the reason Clinton was okay is that you never felt he would increase your taxes because you have enough. He did it across the board, which didn't make people feel targeted.
So wrong words, discouraging attitude toward wealth, and years and years of regulations to implement...no wonder entrepreneurs aren't jumping in.
The policy problems aren't fixable because the Dems would never reverse these laws. We are just going to have to take our lumps and muddle through them.