A few comments.
When it comes to big business or locally owned mom and pop type businesses the people who ran the small businesses in the past were a different breed. Character. Reputation. Those things meant something back then.
For example, buy a product from a local electronics shop today. If there is a problem with it chances are the owners will do anything and everything not to take back the item back. Why? Because they can't afford to. They can't afford to swallow the profit on a sale. Big business, such as Costco, accept returns with few, if any, questions.
The same applies to Sears. If a dishwasher is a lemon Sears accepts the return of the item. If purchased from a small appliance shop the shop owner will continually try to fix it inconveniencing the purchaser.
I seldom deal with independent businesses or small business owners because my experience has been they are greedy. Very greedy. And it just doesn't make sense. How can a guy selling washers and dryers and fridges and stoves expect to make $80,000/yr (just putting out a number) when a guy doing the identical job at Sears is earning $40,000? To start with the little business owner is paying more for each item as he doesn't buy in bulk so where is his income coming from? Or put another way what entitles him to earn that income when the wages for doing the same job pay considerably less?
The same applies to all small businesses. A national, well-known home improvement company does not pay it's carpenters and electricians the salary a carpenter or electrician would earn who owned his own business so where or how is he making that extra money?
And lastly, consider how many small businesses go out of business leaving home owners with faulty products and services. For example, take a window installer. I did extensive research on them years ago when I required windows for a rental building. I checked through a government program that tracks small home repair businesses. Most window "businesses" consisted of a 15 year old rusty pick-up and a hammer! :lol: So much for suing the business. They simply go bankrupt.
Next spring they'd start up a new business. Put on a display at a Home Show. Get contracts. Do a sloppy job and if too many problems arose, declare bankruptcy. Meanwhile, they have collected the money from hard-working, decent folks and used it to pay their mortgage and buy a new car.
Small businesses that go bankrupt due to clients suing because of faulty workmanship should be subject to the same laws as people who receive other ill-gotten gains. The drug dealer forfeits his home if purchased from drug sales. The income tax evader will have their home auctioned off to pay the bill. The same idea should apply to small businesses. Any money they used from that business should be recoverable.
This idea of LLC or companies being separate from personal possessions is a recipe for scams.
Even Greenspan, Ex-fed Chairman, was notified by Brooksley Bourne that there was a problem with repackaged mortgages and Greenspan's reply was when enough people lost money others would not invest in them and any potential problem would straighten itself out. The good, old invisible hand. A philosophy based on scamming as many as possible before others caught on. How did that work for us?
Unfortunately, that's the philosophy many people claim to support. "Unfettered capitalism." Also, unfortunately, for the little businessman, big business is better at it so while small businesses want tax breaks and lower taxes they play into the hands of big business. While the "entrepreneur" believes he/she is on the road to riches and doesn't want to pay taxes to help the needy (after all, the needy are just lazy
) big business is wiping the floor with them.
The local entrepreneur is going the way of the dodo. Why should people pay to support the $100k lifestyle of the local hardware store owner when he's doing the same job as the guy at Wal-Mart earning $25k? Why pay $150.00 for a bathroom tap set when Wal-Mart has it on sale at $75.00?
It's not all bad. As wages drop, there being fewer entrepreneurs in the community, there are fewer people willing and able to pay high prices for services. The dentist or the veterinarian has to adjust their rates to people earning less. One could look at it as a middle class adjustment.
"So, why adjust down instead of up", some may ask. The answer is because of the rest of the world. The world has to become united in the sense of a level playing field. While wages in developing countries are increasing those in developed countries have to decrease in order to meet.
The only unresolved problem is sufficiently taxing the wealthy. It's the disparity between people that cause the problem, not the jobs/wages, per se.