25 million businesses

  1. weholdthesetruths profile image60
    weholdthesetruthsposted 5 years ago

    What percentage of those running them would it take, if they decided to just stop fighting the government and give up and quit...  Would it take to bankrupt the country? 

    There's roughly 25 million businesses in the country, over 99 percent are classified as 'small'.  Over 7 million have no employees. 

    How many of them deciding the burden of taxes and government is just too high and giving up would it take to cause nationwide collapse?

  2. 4closurefraud32 profile image59
    4closurefraud32posted 5 years ago

    This is a frightening thought indeed, and unfortunately many small businesses are faced with the reality of filing bankruptcy because of financial hardships. The reality is Small Businesses overwhelming employ the American workforce and their downfall would mean an even higher unemployment and more negative consequences for the marketplace.

    Some facts and figures about small businesses:
    -Represent 99.7 percent of all employer firms

    -Employ just over half of all private sector employees

    -Pay 44 percent of total U.S. private payroll

    -Have generated 64 percent of net new jobs over the past 15 years

    Personally I think it would take approximately 12-15 million "quitting" to bankrupt the country.