Monday, October 11, 2010
Note: Posting may be light to absent over the next few days due to travel.
Via RealClear Politics, I have found a long, but very promising article about how regulations are thwarting American entrepreneurs:
Instead, the land of opportunity is more like legal quicksand. Small business owners face legal challenges at every step. Municipalities requires multiple and often nonsensical forms to do business. Labor laws expose them to legal threats by any disgruntled employee. Mandates to provide costly employment benefits impose high hurdles to hiring new employees. Well-meaning but impossibly complex laws impose requirements to prevent consumer fraud, provide disability access, prevent hiring illegal immigrants, display warnings and notices and prevent scores of other potential evils. The tax code is incomprehensible.Sounds like a certain report I ran into not long ago is making the rounds...
All of this requires legal and other overhead - costing 50% more per employee for small businesses than big businesses.