Regulated to Death – the stealth jobs killer

Discussion in 'Politics' started by Stephanie, May 20, 2012.

  1. Stephanie
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    Stephanie Diamond Member Supporting Member

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    links in article at site

    SNIP:

    Bob Beauprez

    "But, in the world nothing can be said to be certain except death and taxes."

    Ben Franklin



    If Ben Franklin were around today, he would likely amend the above statement to include the certainty of government regulation. A new report by the Heritage Foundation says that in today's America, regulation costs are a far greater burden than taxes. If the current trend of rapidly increasing regulatory burden by the Obama Administration continues, it will hasten the death of the once great American free-market economy.

    According to a newly released Heritage Foundation analysis, the annual cost of federal regulations ($1.752 trillion) is 83% greater than the entire revenue expected to be collected from federal individual income taxes for 2011 ($956 billion).

    There is broad agreement that the U.S. Corporate tax rate – the highest of developed nations in the world – is an inhibitor to badly needed job creation and economic growth. Even Barack Obama has given lip-service to lowering the excessively high 35% business tax rate. However, the cost of regulation is 8.8 times greater than the total corporate tax revenue ($198 billion) collected in 2011.

    Obama has made a habit of demonizing the "huge profits" of corporations, particularly energy companies. But, consider this: Annual regulatory costs exceeded the total combined pre-tax profits of American corporations by more than $400 billion in 2009, the pit of this recession. With profitability returning somewhat in recent months, analyst's current projections suggest regulation cost and pre-tax profit are currently roughly equal.

    Compared to the cost and impact of taxes, regulation gets relatively little attention, but it is like a cancer to the economy – a stealth killer – that grows and grows, dragging down the body until it just can't take anymore and finally succumbs. Instead of attacking the regulatory cancerous tumor and shrinking it, under the Obama Administration new regulations have exploded, and he is forever calling for more.

    all of it here..
    Regulated to Death
     
  2. regent
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    regent Gold Member

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    Most endeavors, sports, games, traffic, economics, industry, business, schools, military have rules and regulations, most implemented to make a more level playing field. We seem to accept the rules and regulations as needed, but in economics it seems as if the name of the game is to constantly search for new ways to beat the competition and that means beating the regulations. The end result is more regulations.
    Ah, money.
     
  3. Truthmatters
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    Truthmatters BANNED

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    a game without rules is not much of a game
     
  4. NYcarbineer
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    NYcarbineer Diamond Member

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    Safety regulations save money, lives

    by Mike Rich

    Workplace safety advocates and opponents of further government regulation have long argued wither workplace safety requirements improve the safety and productivity or the workplace, or create a drain on a company’s resources.

    A new study may have finally answered that debate.

    The study, co-authored by Harvard Business School Professor Michael Toffel, Professor David Levine of the Haas School of Business at the University of California, Berkeley, and Boston University doctoral student Matthew Johnson, states workplace inspections reduce on-the-job injuries and their associated costs without causing any harm to companies’ performance or profits.


    Read more: Safety regulations save money, lives - The Safety Blog
     
  5. Mr. Shaman
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    Mr. Shaman Senior Member

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    Yeah.....let's HEAR IT!!!!! for.....



    [​IMG]

     
  6. SniperFire
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    SniperFire Senior Member

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    Over regulation is crushing our competitiveness and draining our industries of profit which the freeloaders want to syphon off as free gubmint goodies.

    Can't have both, peeps.
     
  7. Charles_Main
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    Charles_Main AR15 Owner

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    With everything there must be Balance. The Issue here is not regulation or no Regulation, it's sensible Regulations or Over bearing short sighted Regulations that are a serious Burden to Economic Growth.
     
  8. Mr. Shaman
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    Mr. Shaman Senior Member

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    Yeah....right.....


    [​IMG]
     
  9. Inthemiddle
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    Inthemiddle BANNED

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    All I see is right wing biased sources citing other right wing biased sources.
     
  10. Avorysuds
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    Avorysuds Gold Member

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    The difference is most rules in a game can fit on a single piece of paper... The guys that sign our rules into law concerning the economy can't even follow them.

    Then again your party gave the world a depression when it took over the house in 2006 and that is a fact.
     

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