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Aug 17 2019

Small Business Administration Caters to Wealthy

The Small Business Administration funnels some people’s money into other people’s pockets. It illustrates the dramatic difference between capitalism, which creates wealth, and crony capitalism, which redistributes wealth that other people have already created.

The SBA supposedly exists to help small businesses get started up and to support microenterprises. But since the wealthy are more likely to be connected, they are more likely to get the government-guaranteed loans, even if they are less likely to need them.

OAN reports on some of the wretched excesses uncovered by government watchdog OpenTheBooks.com:

Once again, we see that Big Government syphons wealth from the middle class to the rich. That could be why there are so many rich Democrats out there.

On a tip from KirklesWorth.



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