Is a Sole proprietorship a means to "Share the Wealth"?

The $70,000 minimum wage?

If you read the above article it is about a young man who decides to "Share the wealth" with his employees. My thought is: "Are Sole Proprietorships" a way to "Share the Wealth?".

The answer has to be a qualified: "YES!"

There are two ways people tend to get wealthy legally. One way is to save the money they earn and invest it in stocks or other investments or real property and to hold onto those things over time.

However, earning enough money to invest becomes the next problem. And beyond that being educated enough to know what to invest in even if the capital slowly or quickly becomes available.

So, another way to "Share the wealth" is like this young man is doing. If enough people do this in the U.S. and around the world it will tend to make whole nations richer by people sharing the wealth in this way.

The problem is the opposite has been happening in the U.S. since the 1980s and real wages have been reducing in the U.S. since 2000 (real wages means the actual buying power of wages).

So, since union bashing began in the 1980s with Reagan and has continued to bash unions through Globalization and Computer businesses, this has devastated the middle Class in the U.S.

So, entrepreneurs (small and large) starting Sole proprietorships without partners appears to be a way to "Share the Wealth" if the proprietors want to do this for the good of their employees and the good of their nations.

However, the only way this seems to work is to publicize what you are doing (which pumps up the clientelle of the business and motivates the employees who might make "$70,000" minimum wage per year to help their businesses more than people making $5 to $20 an hour instead "minimum wage".($20 an hour 40 hours a week for a 52 week year is $41,600.

What was found is that if people aren't struggling to pay the rent, they have more time to make whatever business they work for more successful than if they are financially struggling every single day to make ends meet.

So, if you "share the wealth" and do it right it might make your business more successful than it already is if you are a sole proprietor.

Because once you start selling stocks and become a corporation you become beholding to your stockholders and then are forced to not help your employees as much and then maintaining the success of your business is more difficult as a result.

Because the actual engine of any business is: "Motivated employees and loyal clients who actually have a real interest in the success of your business".

The problem with partnerships would be that your partners might not want to "Share the wealth" and the same for Stockholders. Gravity is being sued by the brother who was a partner originally of the owner which might end this "Share the Wealth" Business which is why I advocate a sole proprietorship as a way to "Share the wealth". I could see rich entrepreneurs already successful starting new sole proprietorships as a way to "Share the Wealth". I could also see young entrepreneurs who start successful businesses doing the same for altruistic reasons or because they want to increase the wealth of their citizens and the GDP of their countries to become more successful over time.

So, the ideal "Share the wealth business" likely would be operated as a Sole proprietorship.

However, for it to work you have to be both practical and successful to begin with to the point where your business can keep on growing ongoing. When people find out you are doing this they will tend to become more loyal to your brand because you are helping your employees which might also be their relatives and friends.

My wife has a Master's in Business Administration specializing in Non-profits.

I asked her whether it would be practical to create a "Share the Wealth" Category of businesses that were hybrids between for profits and non-profits.

She said that that would not presently be possible because of the present legal structure of Business laws here in the U.S.

So, if she is right, the Sole proprietor model most effectively addresses "Sharing the wealth" to bring back the middle Class (and the functionality of the U.S. government) which cannot work with no middle Class like now. So, if you want our government to be functional again you have to address the problem of a dying middle Class.

Otherwise, the U.S. will just become another Banana Republic over time. IF you think it has been bad the last 15 years just wait if business keeps killing the middle Class in the U.S.

There has been no greater imbalance since the 1929 during the Stock market Crash in regard to the ratio of rich to poor here in the U.S.

That's how bad it presently is.

So, sole proprietorships might be a hope in returning a middle Class to the U.S. so the government can function once again.