• About Elkhart County Grassroots Hub

Elkhart County Grassroots Hub

Elkhart County Grassroots Hub

Tag Archives: Corporate tax

The Cost Of Government Regulation: $1.75 Trillion

25 Wednesday Jul 2012

Posted by HattieBelle in 2012 Election, Business, Capitalism, Conservative, Cronyism, economy, Enterprise, GOP, Incentive, Independence, Intervention, Profits, Regulation, Richard Mourdock, Taxes, Tea Party

≈ 2 Comments

Tags

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.

Related articles
  • 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)

Recent Posts

  • Holy Cow! The war on milk…
  • Corruption is Legal in America
  • Indiana candidates Stutzman & Young debate for US Senate Seat

Archives

  • April 2016
  • March 2016
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • September 2012
  • August 2012
  • July 2012
  • June 2012

About Elkhart County Grassroots Hub

  • About Elkhart County Grassroots Hub

2012 Election 2013 Activism American Bill of Rights Civic Engagement Civil Rights Community Community Service Event Community Services Compassion Constitution economy Education Elkhart Elkhart County Events Family times Food GOP Health Care Hoosier Indiana Jackie Walorski Neighbors Obamacare Politics Richard Mourdock Tea Party Volunteer
January 2021
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Apr    
  • RSS - Posts
  • RSS - Comments

Create a free website or blog at WordPress.com.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy