Accounting, Budget, Capitalism, Corporate tax, Corporation, Cronyism, Free Market, Income tax, Regulation, Restrictions, Richard Mourdock, Tax, Tax rate, Taxation, U.S. Government, United States, United States Senate
Richard Mourdock, GOP candidate for Senator, says government overregulation is CRIPPLING major sectors of our economy, from energy to health care.
Bill Buckler, author of The Privateer, agrees with Richard Mourdock. In an article for Zerohedge, a website credited with bringing the controversial practice of flash trading to public attention in 2009, Buckler writes that the cost of government regulation is a staggering $1.75 TRILLION per year!
The Competitive Enterprise Institute (CEI), a small “think tank” in Washington
DC, puts out an annual report called: Ten Thousand Commandments” The report deals with the regulatory agencies of the US federal government and
the cost of the regulations they continually introduce – and enforce. This
report would be typical of the regulatory function of pretty well every
government in the world.
In their Ten Thousand Commandments 2012 report which was released in June, the CEI estimates the cost of US government regulation at $US 1.75 TRILLION. That is just under half (48 percent) of the budget of the federal government. It is almost ten times the total of all corporate taxes collected and almost double the total collected from individual income taxes. It is also one-third higher than the total of all pre-tax corporate profits. It is the hidden cost of doing business in an interventionist economy.
The fact that the cost of complying with these regulations is substantially higher than the total of corporate profits is a stark illustration of the end result of economic intervention. That end result is CAPITAL CONSUMPTION.
More from Bill Buckler here HERE
“Ten Thousand Commandments” is a MUST read.
- The Cost Of “Intervention” (illinoisreview.typepad.com)
- Obama’s Regulation Con (americanthinker.com)
- House GOP Regulatory Reform Bill: new regulations are suspended until unemployment reaches 94 percent ? (jobmarketmonitor.com)
- Obama vs. Job Creation (johnmalcolm.me)
- DEBT PARTY USA – 5 Straight Years Of $1 Trillion Deficits! (dailybail.com)
On Sunday, both Democrats and Republicans squared off over extending the tax cuts for Americans as lawmakers return to Washington after their July 4 recess. Both sides are trying extra hard to win over voters with their tax policies before the November election.
It has been too long since I’ve penned a cartoon, but commercial art has kept me busy and I must pay the bills. I’ve had the couch potato idea lodged in my brain for a while and it’s time it came out. I don’t want to castigate my fellow Americans too much because many are starting to wake up to the fact that a police state IS being slowly put into place. Recent developments such as the TSA and NDAA prove it. Next we will face armed spy drones.
Ten years ago few Americans knew what the Federal Reserve was or what they did. The Fed wanted to keep it that way. Today many know it’s a ruse by elite private bankers to enslave us with their debt money while enriching and empowering themselves. They and the globalists have hijacked our country. A few years ago you’d get laughed at…
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I’m no lawyer, but I don’t need to be to tell you what is coming in the near future. Predicting the events of the near future is easy: all you have to do is read history to see and understand what is happening now. That will also tell you what is about to happen next. The truly hard part is accepting the reality that America is dead and the world is entering the early stages of a long, dark, evil period in the history of man – a period there is little chance mankind will ever escape unless we stand and fight now.
The Supreme Court ruled that the mandate is unconstitutional because it exceeds the scope of the Commerce Clause. The Court then upheld the whole law by saying the mandate is actually a tax and that the Constitution does grant the power to tax a non-action. So let’s…
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Richard Mourdock vows he will NOT let Obama care stand. Richard Mourdock for Senate
Jackie Walorski: “The Supreme Court has upheld Obamacare, supporting the individual mandate and the largest tax increase in our nation’s history.
“I will continue to advocate for the full repeal, help me fight for you.”
What has the SCOTUS told us? That it’s not their job to determine what kind of country we live in. They seem to parse every court case to the point that no real outcome is ever attained. No case is ever really solved. But maybe that’s their purpose. They’ve pushed this fight back to the politicians. We’ll get what we deserve.
In the mean time here’s a little Bill Whittle.