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Kiplinger
Kiplinger
Business
Karl Susman, CPCU, LUTCF, CIC, CSFP, CFS, CPIA, AAI-M, PLCS

Does the Government Insure You?

An older man looks off to the side as he thinks.

We’re Americans. If there is one thing that we always — OK, sometimes — agree on, it is that we don’t like the government meddling in our business. Since I wrote and rewrote that sentence half a dozen times, let’s just take at face value that, more likely than not, folks prefer to make decisions for themselves.

We like competition, we like entrepreneurship, we like innovation, we hate taxes. To me, the folks in D.C. always screw things up and end up charging us in taxes for the opportunity. But ours is a country that encourages private industry, encourages capitalism. There is even a division of the federal government whose sole job is to get money into the hands of the average Joe to help him or her get a business started from the ground up. Yes, really; it’s called the Small Business Administration — a government entity that lends money to prevent the government from doing it directly. Perhaps a bit convoluted, but there it is.

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