Not too sure what is classed as a small business but it doesn’t look too good:
The company’s latest Small Business Rent report, published on Friday, found that 43 percent of small business renters in the U.S. were unable to pay their rent in full and on time in the month of April.
Nothing new under the sun department.
2023:
2022:
But it’s an election year, so let’s trot out a new handout program for “small business”…after all, the mob has been indoctrinated, for decades, about the importance of government support for “small business”.
Steve
It’s a tough time for many small businesses. The latest report shows 43% struggled with rent in April. This trend isn’t new, though—previous years have seen similar challenges. It seems support for small businesses remains crucial, especially in tough economic times.
Again, why does it become the taxpayer’s responsibility to subsidize businesses that those taxpayers would not patronize? Most small businesses fail due to their owner’s errors.
Taxpayer support for small businesses helps keep local economies strong. While not every taxpayer may shop at these businesses, their success creates jobs and community stability. Many small businesses struggle due to factors they can’t control, like economic downturns. Supporting them benefits everyone by fostering a healthy and diverse economy.
Sounds like welfare for the well-off.
Steve
Generally speaking that’s how it’s supposed to work. But in extraordinary circumstances there is something to be said for stabilizing the economy and preserving jobs through a temporary glitch in the system. The 2008 disaster was not the fault of the automobile companies, but they were the most likely to go upside down, shut down, and cede the market to foreign companies with the consequent loss of hundreds of thousands of US jobs.
The most recent occurrence was the pandemic, when funds were used to stabilize small business so they could make it out the other side when the consumer returned. This is a tool which I hope is used sparingly, but needs to be in the arsenal lest we find ourselves in 1929 with a disaster feeding on itself and spiraling all the way down the toilet bowl.
Once you start using a tool, it becomes easier and easier to use, and the bar to using it gets lower and lower.