Regulations favor the rich.
If you were gifted $40,000, could you start a business?
Well, the answer is invariably, "It depends."
Several years ago, an economist told me a story of a young man who won a grant of $40,000 to start a business selling a hot sauce that he created. Nothing ever came of it because the grant was $10,000 short of the money he needed to get the mandated nutri…