We don’t need more small businesses. We need less corporations, less ultra wealthy and more healthy middle class. This does not solve anything and a one time tax deduction doesn’t make small businesses sustainable when they have to compete against corpos.
Having more small businesses is how you get less corporations and a healthier middle class… there’s a ton of great incentives for small businesses already, but the hardest part is the initialization and the first year. This makes that way easier. This is a good idea, you just have a bad view.
You and @Rookwood are both right.
On one side, helping small business get started is good.
The other side, breaking up monopolies and market manipulators is also needed.
Thank you. I can’t believe there are multiple comments in this thread hating on small businesses and somehow justifying that as them being anti-corpo/wealthy elite. We need less Walmart/Amazon/etc and more smaller, locally owned and run businesses.
Having more small businesses is how you get less corporations and a healthier middle class
Except when the corporations just buy the small business. This is the big problem with breaking into an industry. If you do find a way to break in, then one of the larger guys will just buy you out or force you out. Facebook bought Insta for the sole reason to reduce competition. Meta bought them out at $1B, which was huge for a small business buyout. Post-Meta, Insta is now estimated to be worth $100B Literally a penny on the dollar for the buyout. Meta also bought out WhatsApp at $19B, currently estimated to be $109B worth today. Like things that are regular names at this point were once small businesses that were serious threats to larger companies. Meta's Messenger was under serious threat by WhatsApp prior to the buy out.
And sometimes the point is to just get rid of the business altogether. Microsoft bought out Wunderlist for the sole reason to kill off the app. Google bought out Waze and has constantly been keeping them just functioning, but in 2020 the FTC launched yet another investigation into Google over Waze.
Small businesses won't thrive without restricting some of the anti-competitive behavior of the larger corporations.
Those companies were all worth millions by that point. I completely agree about splitting monopolies, but y’all are willing to sacrifice the common man (the people you’re closest to in class) simply because maybe, possibly, potentially they could be bought out by a major monopoly rather than the real helpful to the middle/lower class which is helping them get started and building their own wealth.
No, you have a point and I wrote that oddly. I'm not saying we can only have one or the other. But yeah, my comment makes it sound like we can't do helping small businesses without first taking care of large corporations. We can have both things happening.
That's on me, I wasn't entirely clear in that comment. We can have the small business help and that would provide benefit to small businesses. But small businesses won't thrive until we ease up the grip that particular companies have on select industries.
Many small businesses fail in the first year due to taking on necessary costs before clients/ customers are well established. Getting through that period would make businesses more sustainable.
Well it sure beats getting your taxes raised just to give the rich another cut. This can actually help me out as I'm working to start a small shop here in Detroit. $50k is the cost of a good used CNC lathe.
In the modern era, wars are rarely in the interest of either side. However, miscalculations happen, and the more you play at the edge of war, the more likely you are to fall over.
In April, Israel calculated that they could bomb an Iranian complex in Syria, targeting top Iranian officials without sparking a war. They were correct.
In response, Iran calculated that they could send 300 drones/missiles to Israel, and have enough be intercepted by air defense systems to avoid starting a war. They were correct.
Israel and Hezbollah have been exchanging fire; each side calculating that each strike would not start a war. Thus far they have been correct.
For years, Hamas and Israel have been exchaning small attacks. Both sides correctly calculating that they could avoid a full war. Then, on October 7th, the IDF fucked up. A Hamas attack was far more successful than it had any bussiness being, and now both sides are 10 months into a war that hurts both of them.
A war with Hezbollah might not be inevitable, but the current level of conflict is not sustainable. Every day that it is not resolved is one more opportunity for miscalculation; and one more notch ticked on the escalatory ratchet.
You know what would really help small businesses, like a lot? Public health insurance (covering things like vision and dental). A huge part of the cost of doing business is benefits for employees. Well, with public health insurance that’s a huge budget item that suddenly small businesses don’t have to pay.
Want to make it better? Expand social security to be something you could live off of. Boom, now you as a small business owner don’t need benefits like 401ks. Your employees will be well taken care of by a government ran pension.
Want to go a step further? Expand public housing, public transport, and food security programs. Now all the sudden a business doesn’t need to pay top dollar because the cost of living for everyone has been significantly decreased. You can easily find low wage workers and hire crews of them because the added income for everyone is more of a bonus rather than a necessity.
What else could you do? Reduce the full time work week from 40 hours to 30 hours. For a small business, it means you can actually focus on having your employees doing useful work rather than having them hang around an extra 10 hours a week doing nothing. For the employees, now they have spare time on their hands which means more opportunities to interact with the community and small businesses.
By taking care of the basic needs of the population you give the population a lot of spare capital and time. All of which can stimulate the economy to new heights.
We can both be right. My goal is showing how appealing government spending can be and is generally. The more people thinking this way, the more palatable “you know what, maybe we should have a 1000% tax on private jet and yacht fuel”.
Raising taxes on multimillionaires/billionaires should be a lot more popular than it currently is.
And there’s unregulated messaging forcing that down their throat both from foreign and national interests that benefit from them voting against their interests.
I chuckled a little when I read that: “Thats not how social media is supposed to work…”
I was supposed to get popcorn, and you two were supposed to fight it out over the next 12 hours arguing about the same thing without realizing it. Pfft. There went my entertainment.
Lol, I try to be reasonable. I know my positions aren’t generally popular which is why I’m not saying Kamala should campaign on them. But I could see them working quite well for a congressional or Senate seat.
Ironically, progressive positions do often play well in deep red states. It’s centrist Democrats that have a tendency to outright reject them.
You know what would really help small businesses, like a lot? Public health insurance (covering things like vision and dental). A huge part of the cost of doing business is benefits for employees. Well, with public health insurance that’s a huge budget item that suddenly small businesses don’t have to pay.
It would massively help the creation of small businesses, too, by massively reducing the cost/risk faced by entrepreneurs.
The Louisiana Illuminator spoke with several doctors across the state that voiced extreme concern about how the rescheduling of misoprostol as a controlled dangerous substance will impact inpatient care at hospitals. Misoprostol is prescribed in a number of medical scenarios — it’s an essential part of reproductive health care that can be used during emergencies, as well as for miscarriage treatment, labor induction, or intrauterine device (IUD) insertion.
But because it is used for abortion, misoprostol has been targeted by conservatives in Louisiana — an unprecedented move for a medication that routinely saves lives. A controlled dangerous substance has extra barriers for access, which can delay care.
If you live in Louisiana, I would encourage you to write your officals. This was a mistake and deserves a response. I like to use Resistbot cause it’s easy and free to email through it. Really bad when politicians make uninformed changes to healthcare imho
I will never understand how politicians crow about how small businesses and entrepreneurship are what the US needs and then simultaneously complain that there's a shortage of workers. Maybe not every business is inherently virtuous simply by existing, and if there aren't enough workers, that could mean there are too many businesses.
One of the best ways someone can make a good living for themselves is to run their own business. Not that it’s for everyone, but being in the driver’s seat of your own income instead of depending on someone else for a wage is very much the definition of American individualism, even if an individual is simply contracting for a larger firm.
I don’t think there’s necessarily a shortage of workers, but I think there’s a shortage of people willing to work for the peanuts these conglomerates are offering. Competition is severely hampered when large firms corner their respective markets and drive out smaller competitors, because now they are the ones in charge of the respective workforces and are calling the shots, including how much an individual is allowed to make. Smaller firms with lower overhead are able to disrupt them, as long as the playing field is level and the barriers aren’t the Dover cliffs.
And then think that somehow their business will become Wal-Mart, which has actually priced likely them and most other small businesses in their area out of competing.
The businesses that are most successful in my area that have lasted over the last 5 years are intelligent, humble, and treat their employees very well.
They’ve opened in places that make great sense for them location wise
They only participate in marketing, events, etc when it provides a real benefit
The owners spend real time and energy at the business and events, participating in the community
The employees are paid well, provided for (I mean benefits, not just pats on the back), and have opportunities for advancement as the business grows
These businesses deserve a tax deduction to me.
The type of people with shit shill companies to put their debt on or because they post a lot on social media about “hard knocks university” and their instagram is full of shit they bought on a business loan but never about what their business does and the work they do deserve to fail;
These people deserve the “limited” in “limited liability company” to come full circle. Unfortunately the second group is a significant amount of people that will vote for trump because they consider themselves “entrepreneurs”
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