Small businesses are still having a tough time and new business startups are at a record low. They are suffering from slow growth and a bad economic cycle and they bear a disproportionate share of the regulatory burden. Obamacare and a higher minimum wage have a more destructive impact on the smaller businesses. Wall Street and the publicly-held companies have wider access to capital, better administrative infrastructure to comply with growing regulations, and more influence over regulations that will benefit them over the private sector. To help with the burdens (often created by government) of the small business owners, government has established various bureaucracies and agencies funded by government grants to provide assistance to small businesses. These may include tax credit incentives to hire veterans and people on food stamps and other well-intended programs. But a businessman does not mortgage his house and risk his capital to provide jobs for veterans (most would gladly do...(Read Full Post)