Small business owners
apparently make for one of the most misunderstood groups in America.
Despite apparent overwhelming respect from the American public,
Democratic administrations openly use envy and resentment of
small-business success to justify enacting legislation that threatens
their prosperity.
Periodic polling by Rasmussen and other national polling groups shows that small business owners represent the most respected profession in America -- respected by more than 90% of the American public. This is even higher than pastors and religious leaders, who have a 50% favorability rating. At the bottom of the list are members of Congress, with a 25% favorability rating. Similar polling by The Tarrance Group conducted in 2010 for The Free Alliance, which also includes government bureaucrats and union leaders, gives those professions only a 20% favorability rating.
Since we live in a representative republic, small business owners have always relied on their elected legislators to create an environment where their hard work and personal investment will lead to prosperity for themselves and their employees. For much of America's history, this was true. However, today, the legislative and regulatory process has been hijacked by those on the left who want to use it for their own intellectual and financial gain at the expense of small business owners and taxpayers.
As a rule, small business owners are risk-averse. There is a very good reason for this. Almost every small business owner is at risk for the success of his business. In exchange for a bank line of credit, the business owner pledges his business and personal assets as collateral to the bank. Unlike large corporations like GM and Chrysler, small business owners do not have the political influence to get preferential government treatment if they default on their loans. If the small business owner fails, the bank will simply seize his personal assets, and the owner will get to start over after many years of hard work.
Periodic polling by Rasmussen and other national polling groups shows that small business owners represent the most respected profession in America -- respected by more than 90% of the American public. This is even higher than pastors and religious leaders, who have a 50% favorability rating. At the bottom of the list are members of Congress, with a 25% favorability rating. Similar polling by The Tarrance Group conducted in 2010 for The Free Alliance, which also includes government bureaucrats and union leaders, gives those professions only a 20% favorability rating.
Since we live in a representative republic, small business owners have always relied on their elected legislators to create an environment where their hard work and personal investment will lead to prosperity for themselves and their employees. For much of America's history, this was true. However, today, the legislative and regulatory process has been hijacked by those on the left who want to use it for their own intellectual and financial gain at the expense of small business owners and taxpayers.
As a rule, small business owners are risk-averse. There is a very good reason for this. Almost every small business owner is at risk for the success of his business. In exchange for a bank line of credit, the business owner pledges his business and personal assets as collateral to the bank. Unlike large corporations like GM and Chrysler, small business owners do not have the political influence to get preferential government treatment if they default on their loans. If the small business owner fails, the bank will simply seize his personal assets, and the owner will get to start over after many years of hard work.
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