Who has the better recipe for economic success; Jack Dorsey or Rick Perry?
NEW YORK, NY (KPIX) – Texas Governor Rick Perry is in St. Louis on Thursday, so is Jack Dorsey; the St. Louis native who co-founded Twitter. Each of them is talking about economics, business and the future. But, they’re offering two starkly different version. One is a top down, zero sum vision. The other comes from the bottom up says new wealth, new capital and new jobs can always be created.
Rick Perry is in St. Louis to complain that taxes are too high. He wants income taxes for businesses cut or eliminated. He’s also taken out radio and TV ads urging businesses to move from Missouri to Texas. In Perry’s vision, low taxes and no regulation are what matters. In his vision business wealth will trickle down to the rest of us when business makes more profits and are freed from regulatory interference. He also apparently believes that growth results when one state steals businesses from another.
Then, there’s Jack Dorsey. He’s in town to take part in conversations with innovators and entrepeneurs. He’s talking about what it takes to develop and start new businesses in the digital age. He’s talking about how to do that. It means education and attracting, keeping talented people and having a business vision outside the box. In Dorsey’s world, business wealth is created as a byproduct of doing good and creating something to make life better. It comes from the bottom up.
So, if you’re buying into a vision of the future of capitalism, which one sounds better? Which one sounds like it has a better chance of success? Rick Perry’s? or Jack Dorsey’s?
I’m Charles Jaco and that’s Jacology.