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Thursday, July 2. 2015

Regulations Strangling Small Business Growth


No doubt about it. Government regulations generally end up working in favor of large, established industries and companies, and, in effect, suppress competition. It takes a large legal department to try to make sure of compliance. Upstarts become discouraged, or just blow off the rules and hope nobody notices.


Just see what they are doing to Uber. Customers love Uber. 


Ronaldus Magnus: 



Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.


Regulations Strangling Small Business Growth


In my experience, small businesses are almost never in full compliance with all relevant (local, state, county, federal) rules and regulations and only are aware of the obvious ones.  The only beneficiaries are lawyers. Government rules and regulations are our bread and butter and I am not proud of that.

Posted by The Barrister in Hot News & Misc. Short Subjects at 13:55 | Comments (6) | Trackbacks (0)

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I operated several and served as a consultant to start-ups and small businesses for 40 years. No way would I start one in the environment of today. Between federal, state, county, township, city, village, etc. regulations, one had sufficient problems then. Now the foot-pages of federal goes to the moon and back.
#1 jma on 2015-07-02 13:56 (Reply)
And ignorance of the law is only excusable for prosecutors and police.
#2 JK Brown on 2015-07-02 14:20 (Reply)
And compliance is no protection from abuse and extortion.

A local climate controlled warehouse manager was telling me about a valve on one of their systems that was grandfathered in but no no longer on the EPA approved list. They got cited, the lawyer and the EPA said they could go to court and win, but they'd just be cited next inspection and they would have to do it all over again. Cheaper, as in expensive but got the government men off their back, to change the perfectly functional and until whimsical regulation change approved valve to a new one off the new list.
#3 JK Brown on 2015-07-02 14:24 (Reply)
thank God for government valve inspection
#3.1 Bird Dog on 2015-07-02 14:33 (Reply)
And when our electedl masters are asked how to improve the economy the answer is always, "Government should ... (fill in the blank).

No one ever advocates rolling government back and letting people create. Even the repubs are clueless when it comes to growing the economy.
#4 feeblemind on 2015-07-02 15:29 (Reply)
40% of my business income goes toward paying federal income taxes, both parts of social security (about 14% right there), and the other penalties for small businesses.

The worst part is that my business is lumped in with regular income that my spouse makes, so I end up having my business taxed at the highest rate we fall under. It ain't pretty.

The best I can do is be incredibly vigilant about making everything possible into a business expense. I track every mile, keep every little receipt, etc.

Would so much rather have small sole proprietorships end up in the flat personal income tax scenario...instead of having to act as if I'm a big business! It's crazy.
#5 MissT on 2015-07-02 15:30 (Reply)

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