Small business owners risk everything and work insane hours without sick/holiday pay, often for little money.
Most fail; when they do, they often lose a lot…sometimes everything.
However, those who succeed create jobs and economic growth and provide alternative options for consumers beyond the big corporate brands.
This kind of competition is good for ordinary working people and stops them from being ripped off by giant, powerful, multinationals.
By heavily taxing these brave entrepreneurs at the same rate as PAYE employees who shoulder no risk and enjoy vast levels of regulatory protection, you are creating a world where large corporations can run riot with no real competition.
If you make it too painful to start and grow a business, people will simply stop doing it.
At which point the corporate overlords win.
No working person in their right mind should support high taxes on small business owners.
Doing so is akin to Turkeys voting for Christmas.