Here’s a story that the left would rather you not know. You may have already heard that President Trump’s support in the black community has doubled since this time last year. Chances are, you have read stories about how black unemployment has reached historic lows under Trump.
But what about black-owned businesses?
According to a recent study, more black Americans are becoming business owners. Indeed, the number of black entrepreneurs has increased dramatically.
Black Business Ownership Increases
Guidant Financial recently released the results of a study showing that black business ownership under President Trump increased by 400% between 2017 and 2018. When conducting the study, Guidant Financial interviewed over 2,600 business owners and those who desired to become entrepreneurs.
The company discovered that 45% of small businesses in the country are owned by minorities in 2018. This number marks a tremendous uptick since 2015, when it was 15%. Black Americans represented the largest minority group.
The increase in black business ownership coincides with the GOP’s 2017 Tax Cuts and Jobs Act. This bill benefitted a large number of Americans and the companies with which they are employed. “Growth amongst all minorities including women is promising in America as small business ownership becomes more favorable and easier to attain,” said Guidant Financial CEO David Nilssen. “We anticipate and hope to see a continued increase as the impact of tax reform and economic growth shape small business ownership moving forward.”
The president’s policies have made it much easier for people to become business owners. Yes, the tax cuts made a huge difference, but there is no doubt that the administration’s decision to roll back unnecessary regulations have played a part as well.
Why Are More Black Americans Starting Businesses?
There are several reasons that more blacks are becoming entrepreneurs. According to the study, 62% of black Americans indicated that their passion drove them to start a business. Being their own bosses motivated 53%, and 22% said they were not satisfied with working in corporate America. Almost a third said that they started their business when “the opportunity presented itself.”
Blacks Are Doing Better Under Trump
Before Trump took office, the left and their allies in the establishment media spun a dire narrative for minorities. Obviously, the president is racist, sexist, and misogynistic, which meant that everyone except Christian white men would suffer.
Unfortunately for the left, the facts have presented a different reality. The majority of Americans are doing much better under Trump — including blacks. Democratic policies typically make it harder for blacks to achieve their dreams, and their efforts to make blacks more dependent on government are designed to keep them in a state of poverty. After all, why would someone depend on Uncle Sam when they can accomplish their objectives on their own?
The left has worked hard to convince blacks that they cannot realize the American dream because of their skin color. For decades, they have promoted government programs that have kept blacks and other minorities in difficult circumstances. It makes sense, doesn’t it? If they want to be the party of the poor and destitute, they must ensure that their desired voting bloc continues to remain poor and destitute.
Fortunately, many members of the left’s coveted “victimhood class” are beginning to wake up. They are realizing that the party they have supported does not truly have their best interests at heart. Part of this paradigm shift can be attributed to the president — but one cannot discount the left’s self-destructive tendencies. Most people do not want to be treated as helpless victims. They do not want to be controlled by a government that pretends to be their savior while making them more reliant on the state.
Abolitionist Frederick Douglas put it best when he said:
“‘What shall we do with the Negro?’ I have had but one answer from the beginning. Do nothing with us! Your doing with us has already played the mischief with us. Do nothing with us! If the apples will not remain on the tree of their own strength, if they are worm-eaten at the core, if they are early ripe and disposed to fall, let them fall! I am not for tying or fastening them on the tree in any way, except by nature’s plan, and if they will not stay there, let them fall. And if the Negro cannot stand on his own legs, let him fall also. All I ask is, give him a chance to stand on his own legs! Let him alone!”