View Poll Results: Should the US government do more to help people become small business owners?

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    9 8.41%
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Thread: Should the US government do more to help people become small business owners?

  1. #11
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    Re: Should the US government do more to help people become small business owners?

    Quote Originally Posted by Bob Blaylock View Post
    The biggest problem is that government imposes too many taxes, and too many regulations, which make it too difficult to start or sustain a business.

    The very last thing any would-be business owners need is more “help” from the government. Government needs to get out of the way, and stop stifling existing businesses, as well as efforts to start new businesses.

    The way for government to “do more” to help business is for it to do less.
    But the federal government can help: it can help by lowering taxes, lowering government spending, and reduce some of the regulations that are hurting small businesses.

  2. #12
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    Re: Should the US government do more to help people become small business owners?

    Quote Originally Posted by Slyfox696 View Post
    Helping small business would run contrary to the goals of both major parties, since both are far more concerned with helping those big businesses who fill their coffers during election time.
    But they need small businesses (and individuals) to fill the tax coffers after giving big businesses tax breaks.
    If you claim sexual harassment to be wrong, yet you defend anyone on your side for any reason,
    then you are a hypocrite and everything you say on the matter is just babble.

  3. #13
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    Re: Should the US government do more to help people become small business owners?

    Quote Originally Posted by Bob Blaylock View Post
    The biggest problem is that government imposes too many taxes, and too many regulations, which make it too difficult to start or sustain a business.

    The very last thing any would-be business owners need is more “help” from the government. Government needs to get out of the way, and stop stifling existing businesses, as well as efforts to start new businesses.

    The way for government to “do more” to help business is for it to do less.
    Although I agree that the government should not over regulate and over tax businesses, I disagree that the last thing business owners need is more help from the government. I think the government could help by either guaranteeing loans if banks have credit requirements that are too stiff or directly lending to small businesses. The Fed and the US government loaned billions of dollars to the big banks when they were in trouble. Therefore the government could stimulate small business activity by providing loans that do not have credit requirements that are so stiff. Other things could be like providing services to help businesses find the most cost effective suppliers of goods and services. I would like to have some things manufactured, but for me, it will be trial and error to actually determine what's the most cost effective way to get it done.

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    Re: Should the US government do more to help people become small business owners?

    I was just thinking that just as the government has various programs for people trying to buy a home, they could have similar programs to help people obtain inventory. Inventory loans.

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    Re: Should the US government do more to help people become small business owners?

    The inventory loans could start with some small amount. After that has been repaid, the borrower would become eligible for larger amounts, thus establishing a reputation as a reliable borrower.

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    Re: Should the US government do more to help people become small business owners?

    Another thing. Give tax breaks to small businesses that hire people who are on the unemployment rolls.

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    Re: Should the US government do more to help people become small business owners?

    Quote Originally Posted by tres borrachos View Post
    No, the government shouldn't.

    They already upped the guarantees on SBA loans, and banks/credit unions who are authorized SBA lenders did increase their focus in that direction. The problem is writing an SBA loan is one of the most if not THE most difficult loan for any FI to make for many reasons. It really didn't help anyone.

    The regulators have scrutinized collateralized loans at every bank/credit union to a degree that most of them can't and won't lend to businesses the way the once did. Overburdening through artificially elevating capital requirements as well as other massive regulatory burdens have had negative results on this country's business climate. Government intervention has hurt the small business market.

    They need to stay out of it. They don't help anything.
    Well small business loans are certainly NOT easy to get. Let me ask you, because your appear to know something about it, why is it so difficult for financial institutions to write a small business loan?

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    Re: Should the US government do more to help people become small business owners?

    The government, through the SBA, already guarantees loans.

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    Re: Should the US government do more to help people become small business owners?

    Quote Originally Posted by tres borrachos View Post
    The government, through the SBA, already guarantees loans.
    I know they do, but as I said before, they are too difficult to get.

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    Re: Should the US government do more to help people become small business owners?

    What I have in mind with inventory loans is simple. Let's say you have started a small business and have invested $20,000 of your own money in inventory. The government could then make an inventory loan of 10 percent of that, or $2000 to you. If you pay that back in a responsible way, you would qualify for $4000. Pay that back you qualify for $8000, etc. I really don't see why that would be a big problem.

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