Marc Cuban: “The Cure To Our Economic Problem Is The Entrpreneurial Spirit Of Americans”

by Jason Wilk on October 24, 2008

http://www.time.com/time/photoessays/2007/mark_cuban/mark_cuban_01.jpg

  • In a blog post last night, Mark Cuban speaks his mind about the current state of the economy, how both candidates are failing with a proposed solution and what will make a difference.
  • He says the cure to our economic problems is the Entrepreneurial Spirit of All Americans
  • Tax policy has never pulled an economy out of a hole. It has been innovation from entrepreneurs in Industry: manufacturing, transportation, technology, digital communications, etc, which changed how we lived and ignited our economy and standard of living.
  • We are a nation of people who encourage , support and invest in those of any and all age, race and gender who will use their ingenuity and come up with a new idea.
  • He quotes “The impact of tax rates on productivity and development is something economists masterbate about”, which is true and absolutely wrong on their part to think that.
  • As an entreprenuer, you shouldn’t know what the tax rates are. If you have an idea, a floor to sleep on and a lot of motivation, that is what will pull you to the top in tough times.
  • Mark’s rule #1 is sweat equity is the best start up capital
  • Good article Mark.

Mark Cuban Blog, Tech Sanity Check

[Post to Twitter] 

blog comments powered by Disqus

Previous post: Politics.com Comes To The Rescue? I Think You’re Too Late

Next post: Apple Joins Google, Puts Forth $100,000 To Oppose Prop 8.