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☆ Boomers Are Selling Their Small Businesses; Millennials Are Buying
▼ + stars: | 2024-10-01 | by ( Ann C. Logue | ) www.businessinsider.com time to read: +12 min

Sure, many small businesses aren't glamorous — think dental practices or accounting firms — and they involve long hours and unpredictable market forces. The US Small Business Administration said in July that there were nearly 35 million small businesses in the US. Fewer than two-thirds of small businesses in the US in 2022 were profitable, and over a million businesses of all sizes close each year. Traditionally, small businesses were family businesses, and the eldest male child was expected to take it over when the patriarch was ready to step down. Buying up small businesses allows people without wealthy boomer parents to cash in on the trillions of dollars of wealth the generation is sitting on.

Persons: George Coulam, Coulam, Forrester, Nancy Forster, Holt, Ernst & Young, Steve Holt, Shaw, Tenney, Paul, Helen Reagan, Forster, who's, Jennifer, Neil Gutekunst, Edie Ellis, Ellis, BizBuySell, you've, Dave Specht, Specht, they've, " Forster, She's, PwC, Norm Dinkel, Brian Brogan, — he's, hasn't, it's, Jennifer Gutekunst, boomer Organizations: Texas Renaissance, NewEdge Wealth, Ernst &, Shaw, University of Rhode, US Small Business Administration, Small Business Administration, Drucker School, Family Business, Claremont Graduate University, Wall, American Investment Council, Saint Joseph's University Locations: Texas, America, Sacramento , California, Maine, Orono, Chicago, Washington, Pennsylvania

☆ Republican leaders are worried that basic income programs will give Democrats an edge during the election
▼ + stars: | 2024-03-24 | by ( Katie Balevic | ) www.businessinsider.com time to read: +4 min

Members of the GOP have expressed their opposition to the guaranteed basic income programs that are popping up in cities and counties nationwide. Guaranteed basic income programs grant select participants cash with no strings attached for a period of time. They are a more targeted version of universal basic income programs, which grant funds to an entire population. In Hudson, a town of about 6,000 people, a privately funded basic income program grants recipients $500 monthly for five years. Even so, some experts say guaranteed basic income won't make it on the federal level because of ongoing problems with existing programs, such as Supplemental Security Income.

Persons: —, Ronald Reagan, Kamal Johnson, Johnson, Steve Holt, Skyler Wheeler, Holt, Donald Trump, Trump, Dennis Culhane Organizations: Service, GOP, Republican, Street Journal, Business, Democratic, University of Pennsylvania Locations: Hudson , New York, Hudson, Texas , Arizona , Iowa, South Dakota, Iowa

☆ Why Republicans are fighting the basic-income programs many cities and states are adopting: 'Is money a birthright now?'
▼ + stars: | 2024-03-03 | by ( Noah Sheidlower | Allie Kelly | ) www.businessinsider.com time to read: +9 min

Read previewAs guaranteed basic-income programs get more popular, opposition is also on the rise. Several lawmakers, like Arizona's Gillette, believe that income programs would discourage work and could raise taxes. A recently introduced bill in South Dakota would ban basic-income programs at the state level and prevent municipal governments from creating local programs. AdvertisementDespite opposition, basic-income program participants have seen benefitsPilot income programs have remained divisive with policymakers, but several major cities have seen positive results. In 2020, former Twitter CEO Jack Dorsey pledged $15 million to Mayors for a Guaranteed Income, which helped 25 cities and towns nationwide begin basic-income programs.

Persons: —, Dia Broncucia, Justin Searls, John Gillette, Gillette, Arizona's Gillette, Lupe Diaz, Steve Holt, Skyler Wheeler, Sen, John Wiik, Paul Bettencourt, Bettencourt, Harris, I've, Ivanna Neri, Neri, UpTogether, Tony Evers, Austin, Stephanie Hendon, Louis, Jack Dorsey, Mark, Anthony Middleton Organizations: Service, Business, Income, Austin, BI, Republican, Republicans, GOP, Social Security, Iowa GOP, Houston Public Media, Gov, Madison Forward Fund, Madison Locations: Denver, Arizona, Arizona , Iowa, South Dakota , Texas, Wisconsin, Phoenix, Iowa, South Dakota, Texas, Houston, UpTogether, Harris, Madison, Minneapolis , Northern Virginia, Boston, St, Oregon, Durham

☆ Republicans vote unanimously to ban basic income programs in a state with one of the highest homelessness rates
▼ + stars: | 2024-02-24 | by ( Katie Balevic | Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

Arizona House Republicans unanimously voted to ban basic income programs in the state. They say guaranteed basic income programs are like socialism. In Iowa, Republican state Rep. Steve Holt introduced a bill to ban basic income programs last month, calling them "socialism on steroids." AdvertisementThe bill's sponsor, Sen. John Wiik, said basic income programs are a "socialist idea" during a committee meeting on February 5. "Guaranteed income programs, also known as basic income, undercut the dignity in earning a dollar, and they're a one-way ticket to government dependency," Wiik said in the hearing.

Persons: —, Lupe Diaz, Diaz, Steve Holt, Sen, John Wiik, Wiik Organizations: Arizona, Service, Republican, Business, — Locations: Arizona, United States, Baltimore, Oregon, Austin, Harris County , Texas, Houston, In Iowa, South Dakota

☆ Republican lawmakers in Iowa seek to block guaranteed basic income programs, calling them 'insane'
▼ + stars: | 2024-01-20 | by ( Kenneth Niemeyer | Katie Balevic | ) www.businessinsider.com time to read: +5 min

Read previewRepublican lawmakers in Iowa are pulling out all the stops to block guaranteed basic income plans they described as "socialism on steroids." Guaranteed basic income programs typically offer no-strings-attached cash to certain groups, like the poor or new mothers. Universal basic income, its like-minded cousin, offers cash to entire populations regardless of income. Numerous counties and cities, many of them in red states, across the United States have been experimenting with guaranteed basic income plans. Holt called basic income programs an "attack on the work ethic in this country."

Persons: —, Steve Holt, Skyler Wheeler, Holt, Wheeler, Tonaeya Moore, It's, Moore, Joe Biden's, Nalo Johnson, Johnson, MINCOME, Evelyn Forget, Forget Organizations: Service, Business, The Gazette, Baltimore Young, Tax, Iowa Health Foundation, Gazette Locations: Iowa, United States, Texas, Harris County, Houston, Cedar Rapids, Flint , Michigan, Canada, Canadian

☆ Analysis: Investors seek to break through Japan Inc's 'value trap'
▼ + stars: | 2023-04-20 | by ( Ankur Banerjee | ) www.reuters.com time to read: +5 min

SINGAPORE, April 20 (Reuters) - Corporate governance in Japan has suddenly become a cause celebre, rousing the world's third-largest stock market out of decades of lethargy and drawing in hordes of foreign investors. Japan's stock market has long been seen by investors as a 'value trap' where companies focus on market share, hoard cash and care little about shareholder returns. What has prompted investors globally to sit up and take notice is an endorsement from legendary billionaire investor Warren Buffett. The MSCI Japan Value index (.dMIJP0000VPUS) is up 9% since August 2020 versus a 9% drop for the MSCI Japan growth index (.dMIJP0000GPUS). "I think the value trap that was Japan is no longer."

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