This bill is a celebration of Family-Owned businesses and seeks to establish a Family Business Day April 11, 2013, which by the way was not even passed before that date.
At first glance, the claims about these businesses are fairly astounding- they generate 64% of the nation’s GDP, employ 62% of the workforce, and account for 75% of all new jobs. Pretty good for families getting together and starting businesses, right?
Not surprising, though, when we realize that among these mom and pop shops, we must also include some pretty infamous company:
Of course the number one family business is Wal-Mart- heroes of cheaply made foreign goods sold at prices so good that real mom and pop shops are routinely forced out of business when this family comes to town.
How about good old Koch Industries, the fourth largest family business? These mega-rich brothers are famous as sponsors of ALEC, one of the worst scourges on the political scene, as well as everything that comes with owning an oil concern.
There is Bechtel at number 9, one of the bigger Iraq war profiteers.
At one point in this bill, it is asserted that family businesses are less likely to lay off workers when it gets rough, engage in more philanthropic giving, and are strong stewards of the environment. Think about how these assertions relate to the companies named above. In the giving, it is probably very accurate, lending credence to the idea that these big boys are to be included under this bill’s umbrella. If so, the other two assertions are absolutely ludicrous.
The point of this is to ask the question- what exactly are we celebrating here? Perhaps the author could get a little more credibility by referring to small business.
Legistats Bill Score: 0.0