Nothing stifles growth and
innovation like the heavy hand of government.
As if we need another demonstration of that aphorism, I fear we’re about
to get one.
The Senate could vote as early as today on a bill that
would give states the power to require online retailers to collect state and
local taxes on internet purchases. Under the bill, the sales taxes would be
sent to the states where a shopper lives. Right now, states can only require stores to
collect sales taxes if the store has a physical presence in the state.
The main reason that the United States has taken the lead in
the Internet Economy is that the Federal Government has taken (for the most
part) a hands-off approach. In comparison
to other parts of the economy, the Internet is relatively unregulated. This “Wild West” landscape has allowed
American researchers and entrepreneurs to make wonderful developments that the
rest of the world has yet to catch up to.
US
ingenuity has produced operating systems and accessory devices that are being
used across the planet. American
companies have pioneered the field of e-commerce. Domestic software companies have lapped their
overseas competitors in almost every sector.
The Digital Boom is a testament to what can happen when the
Federal Government stays the hell out of our business. It is an object lesson in what can happen
when creative people are left to their own devices, allowed to fail, and
allowed to keep the fruits of their success.
I’m surprised the gravy train has lasted this long. I guess I should be grateful that the Robber
Barons in Washington
have allowed this largely untapped source of revenue to go on unabated. It appears the salad days will soon be over.
What if we could apply the Government’s behavior the past
20 years on the IT economy to other sectors?
Wouldn’t it be great if we could allow businesses a chance to innovate
without knowing that any success they achieve will be short-lived? How cool would it be for creative folks to be
unfettered by regulations that exist mostly to justify the existence of
regulators?
To the government, I quote Bruce Willis’ lines from “Die Hard.” “You’re not part of the solution---you’re
part of the problem! STOP being part of
the f*cking problem!!!”