A few facts about evil rich people, before we get into these angel investors.  Did you know that inheritances account for less than one-fifth of the assets of the richest people?  Also, on the latest Forbes list of the richest Americans, 70% of people who made the list are self-made.  In other words, these are people who worked their tails off to become wealthy .. for the most part, they weren’t handed their wealth by mommy or daddy or dealt a “fortunate” hand.  But that is what the libs and progs want you to believe because it fits better into their tax the rich campaign.  

So many of these evil rich people are who you would call angel investors.  These are wealthy folks, usually entrepreneurs themselves, who invest their money in start-up small businesses.  These types of fast-growing small businesses have, for years, been responsible for nearly all the new net jobs created in the United States.  In fact, here’s the exact statistic: Between 1980 and 2005, companies less than five years old accounted for all net job growth in the United States.  According to a 2009 Kaufman Foundation study, these businesses relying on angel investors are less than 1% of all companies yet generate about 10% of new jobs.  

But with the economy in the shape it is in and the promise of new taxes coming their way, the number of angel investors is declining and I assume that trend will continue so long as we have Barack Obama in the White House.  According to an article in the Minneapolis Star-Tribune, the number of active American angel investors declined 11% to 125,100 people in the first half of 2010, compared with a year earlier.

All of this wealth envy rhetoric and promise to raise taxes on the millionaires and billionaires is really going to instill confidence in these angel investors to risk their capital to invest in these business … responsible for all the net job growth between 1980 and 2005 … don’t ya think??