American - Businessman | November 1, 1935 -
Subsidies and mandates are just two of the privileges that government can bestow on politically connected friends. Others include grants, loans, tax credits, favorable regulations, bailouts, loan guarantees, targeted tax breaks and no-bid contracts.
Charles Koch
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Laying the groundwork for smaller, smarter government, especially at the federal level, is going to be tough. But it is essential for getting us back on the path to long-term prosperity.
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I studied what principles under-laid peace and prosperity and concluded the only way to achieve societal well-being was through a system of economic freedom.
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Far too many well-connected businesses are feeding at the federal trough. By addressing corporate welfare as well as other forms of welfare, we would add a whole new level of understanding to the notion of entitlement reform.
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People should only profit to the extent they make other peoples lives better.
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When a company is not being guided by the products they make and what the customers need, but by how they can manipulate the system - get regulations on their competitors, or mandates on using their products, or eliminating foreign competition - it just lowers the overall standard of living and hurts the disadvantaged the most.
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Far too many businesses have been all too eager to lobby for maintaining and increasing subsidies and mandates paid by taxpayers and consumers.
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The role of business is to provide products and services that make people's lives better - while using fewer resources - and to act lawfully and with integrity.
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The easy way to make money is to get special political privilege. From the beginning of time, business has cozied up to government and gotten restrictions on competition and subsidies and stuff.
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I believe my business and non-profit investments are much more beneficial to societal well-being than sending more money to Washington.
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Crony capitalism is much easier than competing in an open market. But it erodes our overall standard of living and stifles entrepreneurs by rewarding the politically favored rather than those who provide what consumers want.
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In business, real jobs profitably produce goods and services that people value more highly than their alternatives. Subsidizing inefficient jobs is costly, wastes resources, and weakens our economy.
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