To prevent layoffs by companies, some states and the Federal government are making a political statement by subsidizing some small company payrolls. It’s a stupid populist attempt to show concern for workers at those jobs.
For at least three reasons.
One: Taxpayers must pay for small businesses who are not able to make a go of it for many reasons. Perhaps inefficiencies but also including barriers placed before them by government being restrictive in the first place with choking business taxes and fees.
Two, the assistance will inevitably be politically dominated. The funds will go to companies preferred by the politicians in office.
And three, the whole process amounts to a drop in the proverbial bucket. Where will it all end, short of fed and state government winding up in business?
Leave companies alone in the first place, without abusive taxation and other restrictions and they will tend to do far better on their own.
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