Freedom empowers ordinary people to do extraordinary things, and that is what makes America an exceptional place. In order to open the possibility of a second American Century and unlock a new era of success, progress, and prosperity, we advance the American Free Enterprise Bill of Rights.
American Free Enterprise Bill of Rights
PRINCIPAL 3: Every American must have the freedom to participate, the freedom to succeed, and the freedom to fail.
We must protect equality of opportunity, not equality of outcome.
Individual freedom is paramount in our system of government, and anyone who desires to do so should be able to engage in business, to create, to innovate, to produce, and to make a profit.
Every American must have an equal opportunity to earn a better life and pursue their own dreams. decisions are made naturally and organically from the bottom up; not politically and artificially from the top down.
Entrepreneurs and established businesses should compete on level playing fields.
If the entrepreneur has a better idea than the established interests, he or she should be able to take them on. And it should be a fair fight.
Failure is part of entrepreneurship, and entrepreneurs should have the protection of limited liability and bankruptcy and should be able to deduct losses from future income.