admin Posted on 3:19 am

Dialogue on excessive regulation

After the 2016 presidential election, US equity markets hit all-time highs and even before Trump’s inauguration, the Dow is poised to cross 20,000 for the first time. This is surprising because many economists proclaimed that if Donald J. Trump were elected we would go into recession immediately. Wow, a lot of talk and jokes with hollow thoughts, I would say. How can that be, you ask? It’s simple, Trump said he would cut corporate tax and cut regulations. Sure, that would be enough, the economy will grow at 4-5% in fact, we will have to worry about overheating, not slowing down. Even the Fed is already saying that they will have to raise rates soon. Even with the banking crisis in Italy and the challenges of the European Union.

The left tells us that we need all that regulation, but I, for my part, completely disagree. The left says that business is dishonest, but I say what about the government and the system we have created. What worries me is when special interests, left or right lobbyists use regulations aimed at other industries to enforce their competitors or anti-agenda organizations out of business. Overregulation is ubiquitous: OSHA has 56 floors of rules if you stack each page one on top of the other (figure from 2002).

Businesses, nonprofits, family farms, even our government’s own agencies – at all levels, down to park districts and homeowners associations – get caught up in this, creating inefficiencies and propping up the cronyism (yes, both parties: labor activists, environmental, small businesses, corporations) that hurts our economy, jobs and living standards. It is drowning our society with a growing mass of bureaucracy, it is insane. It is not surprising that companies want to leave, and that more, class action lawyers, insane tax code, job threats, and bureaucratic and economic uncertainty.

When the EPA is used to prevent coal-fired plant EIRs from adding clean coal technologies to actually clean the air, we know that the agency has a politically driven bias against coal, of course we know that because Obama’s own words They were “We will regulate fossil fuels went bankrupt” and tried it with a phone and a pen; Worse still, it turned the EPA into the Gestapo and it no longer serves its original purpose, in fact, in the end, it can make the environment worse: used batteries with heavy metals in our landfills, more birds die from evaporation rays from power plants wind and solar, lower crop production, more expensive greenhouse gases, such as etching compounds used to treat solar panels in manufacturing, more soot from steel production from 400-foot wind turbine towers to reach higher winds powerful. The hypocrisy is truly endless and the EPA absolutely useless.

In the age of YELP and the Internet, much of the regulation of consumers is completely unnecessary; If a company annoys consumers anyway, the problem is solved. When companies are forced through a politically correct agenda to do business in a certain way, many cannot survive in the free market. If those who feel this way about politically correct things and if they vote with their money, companies will change; if not, it’s probably not that big of a problem anyway, but if a politically correct person thinks so, they can start a business and compete directly – if they’re right they win in profit, if not, they close – this is the best Way for a society to vote – vote with your dollars, not with false propaganda or the use of a major government threat.

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