Leonidas
Thinks s/he gets paid by the post
Giving to help the less fortunate is a noble thing. There is nothing noble about writing a law that takes money from other people and gives it to the less fortunate.Helping the less fortunate is a noble thing. And even aside from my belief that this should be accomplished through private charity to the extent reasonably possible...
I heard a number yesterday that indicated 68% of the people who will be negatively impacted by the tax law changes are small-business owners. That being defined as a business that employees up to 250 workers.I'd also say that it's not the poor who generally start businesses and hire people.
According to the National Federation of Independent Business, small business:
- Small business produces roughly half of the private Gross Domestic Product (GDP) and creates, on average, about two-thirds of net new jobs annually.
- Small businesses are the greatest source of new employment in inner cities, comprising more than 99 percent of establishments and 80 percent of total employment.
- Small businesses employ more than half of private sector employees.