U.S. self-employed businesses crashing

May 10, 2013

By John Seiler

New data show a continued sharp decline in self-employed businesses in the United States. This is another indication that the “recovery” from the Great Recession is bogus. Things only are slightly less bad than before.

The decline comes as government taxes and regulations continue metastasizing. Big businesses can handle the government cancer because they have vast staffs of lawyers and accountants. Small businesses, especially the self-empllyed, can’t afford such treatments, are defenseless against the government cancer, and often die. In particular, Obamacare, with its absurd regulations and taxes/penalties, is slamming those not part of the System.

The chart shows what’s going on:

The analysis from the Economic Collapse Blog:

“Once upon a time, the United States was a paradise for entrepreneurs and small businesses, but now the control freak bureaucrats that dominate our society have created a system that absolutely eviscerates them.  This is very unfortunate, because by murdering small business, the bureaucrats are destroying the primary engine of job growth in this country.  One of the big reasons why there are not enough jobs in America today is because small business creation is way down.  As I mentioned yesterday, entrepreneurs and small businesses are being absolutely devastated by rules, regulations, red tape and by oppressive levels of taxation. …

“Sadly, this is what the bureaucrats that run things want.  They don’t want us to be independent of the system.  Instead, they are much more comfortable when as many of us as possible are heavily dependent on the system in one way or another.  If all of us have to go running to the government or to one of the big corporations for a job, then we are much easier to control.  But as the control freaks continue to construct their bureaucratic utopia, they are also killing off what once made the U.S. economy so great.”