You noticed that as soon as you comply with one government regulation, they find another one.
That's what I found out too and why I just closed the damn business.
The regulations weren't so much the onerous part of our business, but the sheer volume of paperwork required by government can crush a small business. And because we were dependent on the success of others for our success, the crushing regulations that affected other small businesses also affected us. As the economy compressed and collapsed on some fronts, our bottom line was also affected. When Obama policies continued to make it almost impossible for a steady recovery to happen, it was no longer fun. And because it just wasn't profitable enough to continue our business when it wasn't fun, we suspended all operations and have effectively retired.
So how about that Mr. President? If you want the credit for us starting up our business, do you also accept the credit for us closing it down?
Given the amount of paperwork and regulations that affect your small business, how would you feel about a progressive regulatory scale on regulations such as
The smaller the company, the less regulations that should be placed on it??
(This is only a theoretical question on governmental policies. A mere hypothetical that could, if applied, help allow small business to flourish in our economy.)
In the past I have had employees who refused a small raise because it would put them just over the line into the next graduated tax bracket and cost them more in taxes than the amount of their raise. They preferred to wait until they would be eligible for a larger raise and therefore would enjoy increased income.
It is the same with government regulaltion. I have run into employers who have 40 or more employees but fewer than 50 who are not now willing to hire that 50th employee for fear of falling under Obamacare requirements for employers with 50 or more employees. That limits the employer's willingness to grow and no doubt is preventing some people from having jobs.
Unless the rules, regs, and taxes are reasonable and even across the board, there will be incentives for some NOT to grow, not to expand, not to prosper beyond a given level.