I’d bet the real number is a good deal larger than 300,000.
It’s been dark times for small business. This is not surprising.
Remember, “You didn’t build that.”? Yeah, entrepreneurs around the country rolled their eyes and asked, “And THIS guy is in charge?”
ACC is a completely non-partisan organization. We do not support/endorse or oppose any candidate for office. We believe that both major parties are heavily influenced by special interests and will report on crony capitalism wherever and whenever we see it.
The game in the United States is absolutely rigged toward big business. We have a crony economic system which benefits the connected and the established at the expense of new ideas and growth. If you’re in the club, we’ve got some taxpayer money for you. If not, well, you can apply for admission but chances are you aren’t getting in.
The fundamental problem here is that governments take from taxpayers and give to connected interests at all. In our opinion that is not the proper role for government and we should be working at all levels of government to reduce subsidies.
Aetna has more than trippled in stock price since Obamacare passed. It’s almost like the law was written FOR them or something.
That’s nice. It sure is good to know that the crony deal of the century (so far) Obamacare, is working out for the giant insurance companies. I was worried for them.
I’m joking of course since the giant health insurance companies along with Big Pharma wrote a good piece of the law. A law which was not even supported by a majority of Americans but was forced through Congress on questionable procedural grounds.
It’s hard to start a business. It takes skill, capital, tolerance of risk, and just good old hard work. Layer the red tape on top of all the things a business owner must contend with in the marketplace these days and it’s not surprising that we are losing more businesses than we are creating as an economy.
Small business is only the heart and soul of this country. No big deal. It’s not like it’s hard to make a small business work even without entangling government red tape and expensive mandates from DC made by bureaucrats who don’t even know what a payroll is. It’s pretty easy.
Just be glad you’re not a small business. If non-compliant it’s $100/day/employee for even minor violations.
The Obamacare open enrollment period is upon us again. But as the author of the attached article says, enrollment isn’t the biggest challenge for the program over the next 6 months. When April 15th comes a LOT of individuals are going to be paying penalties they don’t realize they are going to have to pay.
Some of the best cuisine for sale in America is actually cooked in homes, usually quietly. In Texas however at least a few food micro-entrepreneurs are now able to come out of the pantry.
The key here is that the feds get to flaunt the law but private (often smaller) companies get the hammer.
The Fed Agrees.
It is absolutely true that small business is the employment driver for this country and in many respects for the world.
A recent Brookings Institution study determined that the US is at its least entrepreneurial in decades. Companies are dying, and new companies are not coming online fast enough.