• Buy Books On Gold
  • 0 items$0.00

Times of Gold

People build civilizations; governments destroy them.

Phil Barton
Philip Barton, Author
  • Buy Books on Gold
  • Reviews
  • Article Archives
  • Links
  • Contact

Real Businesses

February 4, 2018 By Philip Barton

Sunday

A real business is either a response to an existing market demand, or a response to a predicted market demand.  Both have the potential to create wealth.

There is a third type of business.  These are brought into existence in order to comply with, or avoid, regulations or taxes.  Examples would be such things as tax accountants, bookkeepers, tax lawyers and regulatory consultants.  Specifically, my industry has a growing demand for consultants to explain how to cope with the demands of the Health Department. These quasi-businesses are expensive.  During my business life, my admin costs have gone from a few dollars a week to around $1,500 a week – probably closer to $2,000 now.

This third type is not a business in the sense that it is creating wealth.  Nothing of value is being created.  On the contrary, they help people minimise losses to their wealth.  In the process, a part of that wealth is transferred to the consultant, bookkeeper, tax expert etc.  No wealth is actually created, but, if the job is done properly, less wealth is destroyed.

Essentially these businesses have been brought about not by the perception of a market need, but by the perception of a need to neutralise, if not circumvent, government.

The above was an observation that I made from behind the cash register in my business.  I noted that more and more of my customers (well-paid people) were employed by ‘businesses’ that no longer created any wealth.

People create wealth; governments destroy it.  How much wealth destruction can a society tolerate before it cannot?

Filed Under: Philip Barton Tagged With: admin costs, cash register, consulatnts, creating wealth, customers, Health Department, market demand, people create wealth, regulations, tax accountants, tax lawyers, taxes, value

Archives by Date

Books on Gold

  • Dawn of Gold by Philip Barton Dawn of Gold by Philip Barton (eBook Instant Download) $9.95
  • Gold Basics by Philip Barton Gold Basics by Philip Barton (eBook Instant Download) $4.95
  • Dawn of Gold and Gold Basics by Philip Barton (2 eBooks Instant Download) $10.95
  • Dawn of Gold by Philip Barton Dawn of Gold by Philip Barton (Hardcopy) $36.95

Categories

  • Authors
    • Philip Barton
  • Other News

Copyright © 2023 - All content owned by Times of Gold. Website created and managed by Claire de Jong, Website Designer & Developer.