25 years CG! I could smack you for implying she didn't 'try'. She has horror stories about regulations, taxes, fees, over the craziest things. It got worse and worse and worse until it was just time to galt. So she did. I admire her greatly...and you should sit down.
This is were I am at currently. Still need a few more years to be in a position to shrug but would shrug in a heartbeat if I could go to the gulch. So frustrated with taxes and over regulation. I have told many of my friends that I would give everything I own away for free to go to a place that had the freedom of our founders. I believe I could replace it all and then some in 10 years providing value to people who care about real value.
She DID build it, and was very successful, until the over regulation ate away at any reasonable viable income. And these states which are increasingly unfriendly to business, well, they will see their tax revenue evaporate. As it should.
I know how she feels. 16 years in business and getting closer to working the same hours that I did when I started just to stay profitable. Should be getting easier. Urg!
Assuming she sold it for some multiple of earnings, if she invests that wealth in someone else's business (or a diversified portfolio), it's not a complete shrug b/c the wealth is still generating taxable income. If the business took a great deal of work from her and didn't produce much taxable income, there's no value there, nothing to sell. The business didn't work. I admire anyone for trying, and usually people really successful didn't build the amazing business on their first try. Next time will probably be better with all that hard-earned knowledge. If that is the case, it's unfortunate for John Galt's name to be the fig leaf to cover the painful fact it didn't work. I have admiration for anyone who tries. Most people don't try. You only learn by trying. My business/practice isn't consistently making more than a job, so I'm still learning. Putting a fig leaf on things that didn't work makes it harder to learn from the school of hard knocks.
Reminds me of one of my favorite Ragnar quotes: 'If men like Boyle think that force is all they need to rob their betters, let them see what happens when one of their betters chooses to resort to force." hmmmmm.
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hmmmmm.
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