Comments: Acute vs. Chronic Harm

Richie B's was a house favorite and I am sad to see it go.

From the Erie Facebook page I learned that several vendors had not been paid, and that employees had not received paychecks. Without disputing Gardner's (excellent) editorial or underestimating the burden of taxation on small businesses with strait-out-outta-central-casting authentic New Yorker proprietors, it seems trouble went deep.

The State, with its monopoly on violence, however, gets to be the one to shut you down and lock your doors.

Posted by jk at June 6, 2016 5:14 PM

Thank you for making my point: Vendors and employees, who gave something of value to the business have limited recourse when they aren't paid. Contrast that with the State who, when not paid "the Gov'nors share" as they say, seizes your shit and auctions it to pay your taxes due. I s'pose if there's any left over they might divvy it up between the creditors, at pennies on the dollar. But the Gubna comes first.

And my other point- that entrepreneurs like this, even when they DO no how to keep cash flow positive, don't have the spare time and knowledge to calculate just how much better off they could be without government's boot on their neck, and go blackmail government to cut them some slack.

But it's okay, because that same government has an "Office of Economic Development" whose job is to make sure that the money coerced from establishments like Richie's gets doled out to others - in the name of "helping small businesses." Gee, thanks.

Posted by johngalt at June 6, 2016 6:40 PM
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