The American Nightmare
Starting a business seems relatively hard yet should be doable in the great country of America. I mean, that is what the country was supposedly founded on, the freedoms and the great, “American Dream.” Right? Wrong. In the past few years America and much of the world has spiraled toward disastrous economic turmoil. If American’s can’t even afford to file for bankruptcy, how in the world can anyone expect to get their business off the ground?
The Euro is failing almost all of Europe, Greece is in ruins with Italy and Spain not far behind, and America isn’t much better. Over the past ten years the value of the dollar has depreciated so much, that it takes me, $50 to fill up an 11 gallon gas tank, that’s roughly, $4.54 a gallon. And five years ago, when I started driving, I was paying, $1.63 for gas. Within a year of being on the road, gas jumped to $2.50 and has been steadily increasing ever since.
At my age, when you’re still learning to really appreciate the value of a dollar, it makes you lose all hope when you watch your mere minimum wage, full-time student, part-time worker check, literally get all shelled out for gas. It leaves no room for the imagination that you could be successful enough to start a business, ever.
Do you want to start a business? Sure, it’s the land of the free, no worries. But thanks in part to President Obama, you’re expected to pay a hefty tax on your beloved small business. At this rate, you’ll never get it off the ground. And lets not even get started with all the legal fees, copyrights, trademarks, registrations, insurance, and various other fees that just go into the initial start-up phase of your business. And continuing on from there, it’s a constant uphill battle, with never-ending taxes, tax hikes, fees here, fees there, this is broken, that needs to be insured, and so on. And yet, where’s the break? There are thousands of deductions you can find and finagle into your taxes for those mere deductions, and anything helps, right? President Obama and Congress claim to have cut taxes on small businesses, 16, no wait, 17 times. That means they’re totally rooting for the small businesses, and thinking about the Middle-Class Americans, right? Wrong again. Those 16 tax cuts have come in a wave of two sets of eight. The first eight simply included simplified deductions on certain miniscule things, and the depreciation of bonuses. The second wave of eight simply extended those provisions. How is that for tax cuts all you hard-working Americans trying to support your families?
With the bank bailouts still fresh in everyone’s mind and faulty loan after faulty loan, where do you start and who do you trust to give you the proper loan, to which, you’re not going to get hurt with later on? Where is the line drawn with banks trying to take advantage of people’s desperate need for the money to start their newest venture? Let’s face it, no one ever said starting a business would be easy, but no one ever said it would be damn near almost impossible either. The amount of hurdles and obstacles we have to jump through, just to get a name and face out there for the business, are turning away thousands of potential future businesses and opportunities. People are scared out of their minds to start a business and they don’t trust the very system that’s supposed to help them. The American government is in shambles and the dollar is failing. You might as well kiss that American Dream goodbye.