Small businesses are the backbone of capitalism. Without them, capitalism doesn’t survive. That makes one wonder if the taxes and regulations heading our way are deliberate.
Economist Peter St. Onge warns that a freight train of regulations will soon hit small businesses. The following paraphrases the clip at the end.
The Job Creators Network said that $1.2 trillion in new regulations is about to hit America and will directly affect small businesses. That’s on top of the $1.9 trillion we already lose to regulations, $10,000 per household. It comes to $10,000 in new regulations on top of $15,000 in regulations we already pay.
Twenty cents of every dollar you earn is snagged by regulatory costs that you never see on top of taxes on top of new rules. There are manufacturing restrictions on pretty much everything in your house, including dishwashers, water heaters, ceiling fans, lightbulbs, gas stoves, washing machines, and, of course, air conditioners. […]
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Author: Independent Sentinel
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