Wednesday, September 26, 2018

Not only are black entrepreneurs thriving under President Trump but even a forgotten sector of Americans are achieving success

It is kind of sad and disconcerting that in this era of 'everyone is a victim and deserves minority privilege' that there is one group of Americans who are rarely spoken about when it comes to them seeking to achieve their dream of economic success.  And that group of course are the Native Indians who were the first real Americans to reside on the continent.

Yet ironically the decade's old paradigm of reliance upon the government by Native Americans is changing, and has accelerated under the policies of President Donald Trump in the same way that African Americans and Latinos have found new prosperity.

Native American businesses generate more than $39 billion in annual income and employ around 208,000 workers, according to the U.S. Small Business Administration. Ranging from charter schools and financial institutions, to construction and gambling businesses, they successfully combine community strengths with entrepreneurship. 
Tribe-owned businesses have allowed Native Americans to re-invest and create new enterprises within their communities. However, a new study by the Frontier Centre for Public Policy (FCPP)—based in Manitoba, Canada—shows that younger Native American entrepreneurs in the United States are also realizing broader opportunities beyond reservation lands and stereotypical casinos. – Epoch Times
In addition to Native Americans bursting into the mainstream economy with a new generation of entrepreneurs, Latino's and Hispanics across the country have also found the lower tax, less regulation policies of the Trump Administration a boon to their ability to grow and expand small businesses.
This expansion among small business represents an especially crucial improvement for Hispanics, who are statistically  the most entrepreneurial demographic in America. Perhaps this start-up grit among my fellow Hispanics explains why Latinos massively outperformed polling and media expectations for Trump in the 2016 election despite widespread predictions of doom. In 2016, he bested the Hispanic vote earned by GOP nominee Mitt Romney in 2012, according to exit polling. Not bad for a candidate constantly derided by  clueless political elites as anti-Latino. 
The recently passed tax cuts also represent a big win for Hispanic families who struggled under the previous administration. The harsh reality is that under President Obama, despite his popularity among voters of color, both blacks and Hispanics saw the gap widen between household wealth of white families and minorities families. The slow growth of the Obama years propelled massive asset appreciation, which exacerbated inequality because wages stagnated, much to the detriment of Hispanic prosperity. Thankfully, help is not just on the way, help is already here: The first quarter of 2018 saw wages – for all Americans – grow at the fastest clip in over a decade. – Real Clear Politics 
Perhaps what Americans saw in the 2016 elections of a larger number of minorities voting for the Republican party for the first time in decades is not an anomaly because what is quickly coming to pass is the realization that no President in a long while has done more to aid the economic welfare of blacks, Hispanics, and now even Native Americans in striving to achieve economic success.


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