Quote:
Originally Posted by look 171
Risk. Don't forget the huge risk we take to acquire them. If it goes south, some of us will be out in the streets and lose everything and may never recover.
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This!
Business owners of all sorts, from landlords to grocery stores, put up real money that they earned and paid taxes on to start the business. If the business fails, due to shoplifting, or some bureaucrat declaring your customers don't have to pay you, the owners can indeed go under. No one is going to let them live rent free, the bank will evict them.
That real and tangible risk of loss is part of the cost of doing business. A large percentage of businesses go out of business from unexpected changes in the world. Lots of restaurants went under with a lack of customers when the government closed the economy. That business owner may well have lost everything. Poof Gone.