RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: How Big Government Stacked the Deck Against Small Business Sun Nov 29, 2020 4:04 pm | |
| Not only did government persecute certain businesses to the benefit of others, it also provided incentives, handouts, and other pork.
Most of us wouldn’t list 2020 as our best year. But you know who would? Amazon, Wal-Mart, Google, Apple, and a whole host of other big corporations who’ve seen their sales and stock prices soar amidst the pandemic.
Small businesses have been pummeled by excessive and insane governmental lockdowns of the economy. Experts warn that one third of small businesses could ultimately shut down for good, and hundreds of thousands have already done just that.
Meanwhile, Amazon’s sales increased 40 percent in the second quarter alone, while their stock price increased 97 percent. Apple hit a $2 trillion market cap, the first publicly traded company to do so, and reported nearly $60 billion in revenue. Since the pandemic began, Facebook’s stock rocketed up 85 percent, Google’s by 50 percent, Netflix by 63 percent, and Microsoft by 57 percent. All saw their revenues greatly increase compared to last year’s numbers as well.
https://fee.org/articles/how-big-government-stacked-the-deck-against-small-business/
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