@no1marauder saidYeah .. agreed. The figure is much higher than half. About 85% of the US workforce is employed by the private sector. This means that about 85% of the people working are working for a private business which is going to be owned by a rich man.
The idea that half the People wouldn't have any work except for the rich is childish.
@Rajk999 saidTons of poor people own businesses. You don't need any wealth to employ someone. Most businesses use debt or revenue streams or investment partnerships or government to run their business, not their own wealth.
Yeah .. agreed. The figure is much higher than half. About 85% of the US workforce is employed by the private sector. This means that about 85% of the people working are working for a private business which is going to be owned by a rich man.
Small businesses were the backbone of America. People start with nothing. The finance grifters are ruining the ameican dream.
@Rajk999 saidWell technically the 'grift' in your analogy is taxation not spending, right? I guess that could be seen as somewhat similar to banking fees. Of course there are other things bad.
Here is a giant grift. About 20% of the US budget is for welfare, aka money received for no work done... money stolen. This totals around $1,800,000,000,000.
One point Eight Trillion. The US needs to put laws in place to stop that.
But this is another topic altogether, is it not? If you cannot focus on the topic here usually it's a sign you are losing this debate.
@no1marauder saidOh, in your world, after you put the rich where you want them, the People would all be working all right. I guess I’d better learn how to lay brick.!!!!!! And, you will cause me to lay off the many many people that work for me today.
The idea that half the People wouldn't have any work except for the rich is childish.
Wait, wait. Could it be that you would take my business from me and kick me out on the street? That would be one way to keep the present people working. For you and the government.
I find it real creepy the way that you, like Marx,, capitalize People.. Very creepy indeed. The People!!!
@Rajk999 saidThe rich need people to do work they don't want to do that they will profit from.
Yeah .. agreed. The figure is much higher than half. About 85% of the US workforce is employed by the private sector. This means that about 85% of the people working are working for a private business which is going to be owned by a rich man.
The People don't need the rich to work.
Sometimes you have to step outside the box that we have been placed in and look at things in a clear way. There is nothing inevitable about the present economic system or its particulars.
@wildgrass saidI could go all day on this. If I decide to open a business, I don’t have that kind of money sitting around. So I have to go to a bank… Oh my God, the bank is owned by a billionaire or a bunch of guys that make up big wealth.. And of course, the stock in that corporation are owned by your pension fund where you make money, but that is another issue. My my, you are making money off of the bank, the rich guy .
Tons of poor people own businesses. You don't need any wealth to employ someone. Most businesses use debt or revenue streams or investment partnerships or government to run their business, not their own wealth.
Small businesses were the backbone of America. People start with nothing. The finance grifters are ruining the ameican dream.
Anyway, I go to that bank and borrow money for my business. Now tell me little fella where else would I get that money but from a rich man. Say “”oh I see now average show now it makes sense.😀”
@AverageJoe1 saidYour ignorance and stubborn adherence to it is quite remarkable:
Oh, in your world, after you put the rich where you want them, the People would all be working all right. I guess I’d better learn how to lay brick.!!!!!! And, you will cause me to lay off the many many people that work for me today.
Wait, wait. Could it be that you would take my business from me and kick me out on the street? That would be one way to keep the prese ...[text shortened]... it real creepy the way that you, like Marx,, capitalize People.. Very creepy indeed. The People!!!
"We the People of the United States,"
US Constitution, Preamble
"That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it,"
" whereby the Legislative powers, incapable of Annihilation, have returned to the People at large for their exercise"
"and by Authority of the good People of these Colonies"
US Declaration of Independence
You find the Founders "creepy"?
@wildgrass saidAs usual your writing is a bunch of vague twissted nonsense designed to misrepresent the facts. Poor people do not own businesses. You are obviously using the US definition of 'small business', to refer to these people as 'poor'. There are no poor businessmen unless that business has failed or is in a state of receivership.
Tons of poor people own businesses. You don't need any wealth to employ someone. Most businesses use debt or revenue streams or investment partnerships or government to run their business, not their own wealth.
Small businesses were the backbone of America. People start with nothing. The finance grifters are ruining the ameican dream.
A small business in the US is one that hires up to 500 employees and has an annual revenue of under $40 million US. By any standard this is a rich man.
Most of the small businessees in the US are sole proprietors who hire nobody. This is about half of all small businesses. Microenterprises hire up to 5 people and, these hire a very small % of the US workforce.
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@Rajk999 said"On average, small business owners in the U.S. earn between $40,000 and $100,000 per year. "
As usual your writing is a bunch of vague twissted nonsense designed to misrepresent the facts. Poor people do not own businesses. You are obviously using the US definition of 'small business', to refer to these people as 'poor'. There are no poor businessmen unless that business has failed or is in a state of receivership.
A small business in the US is one that hires ...[text shortened]... businesses. Microenterprises hire up to 5 people and, these hire a very small % of the US workforce.
https://limitless-entrepreneur.com/post/small-business-owner-earnings
There's different estimates on various websites that track salaries but this one is typical:
"As of February 01, 2026, the average salary for a Small Business Owner in the United States is $63,148 per year, "
https://www.salary.com/research/salary/position/small-business-owner-salary
That's right around average for a full time worker in the US; they earned $63,360 according to government figures in 2024. https://view.officeapps.live.com/op/view.aspx?src=https%3A%2F%2Fwww2.census.gov%2Fprograms-surveys%2Fdemo%2Ftables%2Fp60%2F286%2FtableA6.xlsx&wdOrigin=BROWSELINK
@AverageJoe1 said
I could go all day on this. If I decide to open a business, I don’t have that kind of money sitting around. So I have to go to a bank… Oh my God, the bank is owned by a billionaire or a bunch of guys that make up big wealth.. And of course, the stock in that corporation are owned by your pension fund where you make money, but that is another issue. My my, you are making m ...[text shortened]... se would I get that money but from a rich man. Say “”oh I see now average show now it makes sense.😀”
If I decide to open a business, I don’t have that kind of money sitting around.
You do if you work in finance. This article mentions private equity firms:
"Private equity firms control trillions of dollars, very little of which is invested directly in companies that will use the funds to grow. Mostly, those trillions are used to conduct leveraged buyouts, pursuing debt-fueled acquisitions of businesses that can be plumbed for more cash and then unloaded at a profit. The sales are often to other private equity firms. Many of these same firms lend one another the money to fund their transactions. Peek inside, and you find yet more gamesmanship and financial engineering, rather than the creation of value."
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@Rajk999 saidHalf of all US employment comes from small business, and owners of small businesses are usually highly leveraged. They have little wealth, until the point when the business makes money, sometimes many years later. The path is risky and a lot of work. But they are trying to build something real.
As usual your writing is a bunch of vague twissted nonsense designed to misrepresent the facts. Poor people do not own businesses. You are obviously using the US definition of 'small business', to refer to these people as 'poor'. There are no poor businessmen unless that business has failed or is in a state of receivership.
A small business in the US is one that hires ...[text shortened]... businesses. Microenterprises hire up to 5 people and, these hire a very small % of the US workforce.
Not true in finance. Finance bros own the debt of the small businesses. Finance bros worked the system to where there is no losing for them anymore. They can loot the company and sell the parts, get bailed out by their buddies, and are offered extreme tax benefits that the business owner doesn't get. Then they find another sucker, another worker, another rural hospital, and they drain the assets out of it and pocket the cash and move. Like leeches. The financial sector consumes the economy. Foolish policy choices caused it.
Regulations to prohibit the destructive behaviors of financialization are essential in a working capitalist society. Its not socialism to regulate an industry that is literally stealing money from the economy writ large. Otherwise, the interest of the self results in harm to others.
@no1marauder saidDont know what all that average stuff is about but its irrelevant. I was responding to this :
"On average, small business owners in the U.S. earn between $40,000 and $100,000 per year. "
https://limitless-entrepreneur.com/post/small-business-owner-earnings
There's different estimates on various websites that track salaries but this one is typical:
"As of February 01, 2026, the average salary for a Small Business Owner in the United States is $63,148 per y ...[text shortened]... %2Fwww2.census.gov%2Fprograms-surveys%2Fdemo%2Ftables%2Fp60%2F286%2FtableA6.xlsx&wdOrigin=BROWSELINK
Tons of poor people own businesses. You don't need any wealth to employ someone. Most businesses use debt or revenue streams or investment partnerships or government to run their business, not their own wealth. Small businesses were the backbone of America. People start with nothing. The finance grifters are ruining the ameican dream.
Poor people dont hire anyone, and most small business are not poor. Please read over my post.
Averages are the lazy mans way of mixing up data. There are several categories of small business ..
- those that hire nobody like sole traders
- those that hire 2 to 5 people like microenterprises
- those who hire 5 to 99 people
- those who hire 100 to 499 people.
@Rajk999 saidThe language is sloppy in the link I provided, but if you look at the chart you'd see they are using median not average. https://www.salary.com/research/salary/position/small-business-owner-salary
Dont know what all that average stuff is about but its irrelevant. I was responding to this :
[i]Tons of poor people own businesses. You don't need any wealth to employ someone. Most businesses use debt or revenue streams or investment partnerships or government to run their business, not their own wealth. Small businesses were the backbone of America. People start with ...[text shortened]... people like microenterprises
- those who hire 5 to 99 people
- those who hire 100 to 499 people.
@Rajk999 saidHalf of small business owners make less per year than an entry level job at a hedge fund.
Dont know what all that average stuff is about but its irrelevant. I was responding to this :
[i]Tons of poor people own businesses. You don't need any wealth to employ someone. Most businesses use debt or revenue streams or investment partnerships or government to run their business, not their own wealth. Small businesses were the backbone of America. People start with ...[text shortened]... people like microenterprises
- those who hire 5 to 99 people
- those who hire 100 to 499 people.
This incentive structure disincentives people to build stuff. It creates a backwards economy that rewards folks who don't do anything except push other people's money around. Of course some of that work is needed, but as this article points out the financialization has become destructive due to excess deregulation.