Knowledge and Insight > Thought Leadership

Every Job Requires an Entrepreneur

Charles R. Schwab | The Wall Street Journal, September 2011

Summary: The editorial challenges our government to get it right and support entreprenurial efforts to promote job growth. Schwab sites his own upstart in 1974 when that economy, like today, was bleak. Schwab urges the government to reduce regulatory roadblocks, enocurage entreprenurial investments, create a culture of certainty; all will breed the confidence that is critical for our country to thrive.

We cannot spend our way out of this. We cannot tax our way out of this. We cannot artificially stimulate our way out of this. We cannot regulate our way out of this. Shaming the successful or redistributing income won't get us out of this. We cannot fund our government coffers by following the "Buffett Rule," i.e., raising taxes on Americans earning more than $1 million a year.”

Charles Schwab, Founder Charles Schwab Corporation

Our Commentary

Charles Schwab's editorial in the Wall Street Journal speaks to the entrepreneur in all of us. Whereever you are on the life cycle of your practice, his words strike a chord. Private enterprise works; advisors live this truth daily. Our government needs to be reminded how to grow our economy.

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