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- #321
This is what your dumbass isn't getting. Yes regulations can impede economic development, but the actual economic effect regulations have is insignificant.
I know you cons struggle with basic nuance but reality is what it is.
Insignificant! Are you on crack?
Regulation has MASSIVE impact on the cost of runni9ng a company. There are literally thousands of regulations to run even the simplest business. It is also the LARGEST factor in trying to start up a new business. Almost all of your startup costs come directly from attempting to comply with regulation that is largely without purpose. If you believe that regulation is insignificant then you have no idea what goes into running or maintaining a business. The costs are massive. Even something as simple as getting a license can crush your business entirely and typically take large amounts of time that ends most business ventures before they even begin. It took us a full year to get our license and just to comply with regulation that was unnecessary cost close to 10,000 dollars. Considering that miniscule scale of the business, that was entirely asinine. Here is a wonderful example of just how asinine the system can be:
[ame=http://www.youtube.com/watch?v=lFfUvrCgcAs]Logan Square Kitchen Grand Opening - YouTube[/ame]
[ame=http://www.youtube.com/watch?v=_O9cJMO4B18]Little American Dream Factory: Chicago Bureaucrats Put the Brakes on an Innovative Business - YouTube[/ame]
Further, your assertion that regulation cannot be a problem because business is sitting on massive profits is completely incorrect. Regulation is NOT a problem for massive corporations. Then have the means to deal with them. Primarily that is done through going to places that don’t have those regulations. One of the core reasons that companies offshore is because they don’t have to deal with regulation and the costs that come with it. Those that cannot move have the capitol to ride the changes and increased costs out until the prices and market stabilize. You know who does not though? Smaller companies and startups – the competition to those massive companies that you complain are making too much. IOW, regulation KILLS COMPETITION for the big companies.
In short, one of the reasons that those companies make massive profits is because those same regulations make it impossible to compete. When you have the market virtually to yourself or shared between 5 companies across the entire nation you better damn well believe that they make huge sums of money. Increased regulation simply ensures that no one will ever challenge that income flow either.
I know you libs struggle with basic facts and logic but that is what it is.
I am referring to am overall economic effect on the market. Yes, some businesses can't handle it. However not enough of them flounder. If you refer to the BLS, you will find that the main reason why businesses lay off workers is because of a lack of demand. In 2010 for instance, regulations only caused .3% of all lay offs.
http://m.washingtonpost.com/busines...fect-minimal/2011/10/19/gIQALRF5IN_story.html
Regulation ultimately does not harm the economy as a whole. Here is more evidence GDP and jobs are not effected.
http://www.regblog.org/2013/04/03-lorber-economic-growth-paper.html
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