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We hear a lot of lip service about gov’t supporting entrepreneurialism, but they hardly do anything to really support it (as opposed to supporting predatory and exploitative capitalism, which they do plenty). Here are some things I’d like to see:
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First, if you have a business idea, but little to no seed money, the US Gov’t can act as your angel investor (up to some substantial but reasonable amount). No major strings attached except you have to prove you can’t fund your idea yourself and...
(2/7)
(2/7)
You only get so many trips to the well - like no more than once every 10 years. All you have to do is pay back the (very low interest) loan, over a manageable time period, and perhaps relative to your revenue.
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(3/7)
The gov’t would also be able to supply training and support (maybe in advance or as a condition of the loan). They would help you understand legal, accounting, HR, insurance, market research, and whatever other specific needs you might have. They would be in your corner.
(4/7)
(4/7)
If you succeed, everybody wins. You’re making a living, your investor earned some interest to help keep the program afloat, you may be employing other people and taxes will be getting paid to various authorities.
(5/7)
(5/7)
If your plan fails (even after a number fail-safes to account for emergencies, like say, pandemics), your investor gets to recoup as much of the loss as they can via some reasonable bankruptcy process. Life goes on. You learn, you train, and maybe try again in a few years.
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(6/7)
“But how do we pay for this??” People will whine. An expert I’m not, but all I would say is it’s a matter of priorities. How does the Fed spend trillions of dollars propping up the stock market? How many billions do we spend on weapon systems? It’s only a matter of will
(7/7)
(7/7)
PS Is this enough detail for you, @TG22110, or would you like me to bury myself a little further in the weeds?
