Please, read this, it will teach you something AND make you laugh.....

--A miner – indeed no entrepreneur – goes into business to make a marginal profit. He goes into business to make a big profit, knowing full well that everything is against him. The marketplace abhors a huge profit margin the way nature abhors a vacuum. Profits are a signal to other competitors to come in and provide a good or service at a cheaper price or in a better way.

--The innovative entrepreneur captures big initial profits by taking big initial risks. His risk ends up benefitting everyone by luring other producers in. The end result for consumers is an industry or goods and services that didn't exist before. That is a social benefit which does not accrue to a corporate bottom line.

--In any event, in a world where public sector salaries are higher, the only real reason to stay in the private sector is that you have a business you want to be in and believe you can make more doing in that way. There are other more ethical and philosophical reasons too, of course. But the government inviting itself to be your partner in business is like a stranger inviting himself into your marriage bed.

--He says it will subsidise your love-making on nights where you have poor performance, saving your marriage from trouble. And on magical nights, he's ...uh...just along for the ride. Because your marriage bed is in his jurisdiction, he's entitled to his fair share of your marital bliss. And please scoot over would you? You're hogging the doona.

--Granted, there is a difference between a spouse and a non-renewable natural resource. Although now that we type that, we are less sure about it than when we first thought about it. But in our metaphor above, where the government intrudes into a pre-existing, consensual, private relationship, it's pretty clear who's getting

From: The Daily Reckoning