Paul Krugman has the basics regarding Myth Rmoney's repeated claims to be a "small" businessman:
... making Bain sound like a scrappy little start-up. And it’s true it had only 10 people at first — that, and $37 million, yes, $37 million, in seed money.
Where did that $37 million come from? A large part from foreigners, in many cases investing via Panama-based shell companies. Also, funds from families of Central American oligarchs, who were sitting things out in Miami while death squads sponsored by their class, and in some cases by their relatives, were roaming their home countries.
...
Right. Myth started a $37 million "small" business underwritten by possibly unsavory MOTU outside the US.
Myth, boy, let me tell you something about
REAL small businesses. I started mine with about $10,000 pulled out of my personal savings, an analytical mind, and the gumption to bet my livelihood on those two assets. I earned a respectable but not luxurious livelihood for 20 years that way, and I slept well at night because I had nothing like death squads on my conscience. My business did not just run itself; I had to beat the bushes for work on an ongoing basis. (Hey, I like the idea of beating the Bushes! What? oh. <emily_litella_voice> Never mind! </emily_litella_voice>) But I had never before experienced such professional satisfaction, and I didn't miss any meals. I believe I am more deserving of comparison to those Mom-and-Pop businesses you keep mentioning than you are... no one staked me $37 million, and my success was anything but assured.
Mr. Rmoney:
you haven't a clue what it takes to run a small business. Not a clue. Some honest well-off business people will at least admit to their parental or other Head Start program. C'mon, Myth: 'fess up.
