Originally Posted by u-Bob

This is one important point people seem to miss (or deliberately leave out) in discussions like this: the fact that entrepreneurs cover the factors time and uncertainty ("take a risk") while employees get paid at the end of the month.

A week ago or so, I started a thread about how successful entrepreneurs/millionaires have failed several times before becoming successful. Starting a business means taking risks. Some people feel comfortable doing things other people consider to be too risky. Why do some people continue to take 'more risks' (and try again when they fail) than others? because of the possible rewards.

Taxing and burdening the entrepreneur with regulations reduces his potential rewards, resulting in less incentives to take risks, resulting in less entrepreneurs actually taking a risk and starting a business/developing new products...

Less entrepreneurs = less creation of wealth
Less entrepreneurs = decrease in supply of goods and services resulting in an increase of prices
Less entrepreneurs = less jobs