But,,, still not seeing any proof or even a single actual regulation that is some how beneficial to a company and/or halting legit growth in any
sector of business.
OK, lets look at teen unemployment and the minimum wage.
If I start news paper stand and I want to hire a highschool kid for 4 bucks an hour, because that's all i can afford, to run my news stand, I can't
Even if the kid agrees to work for 4 bucks an hour, I can't hire him.
So what's better?
A kid with no job, or a kid making 4 bucks an hour peddling news papers?
This is just one example.
Lets look at another.
Sarbanes Oxley - a total massive farce of regulatory overhead that does absolutely nothing to prevent fraud.
All these reporting requirements costing billions upon billions of dollars in business expenses to comply with, yet the instances of fraud have not
decreased in the slightest. That is a MASSIVE waste of productive business capital that could be used elsewhere.
Its just like gun laws. They do NOTHING to reduce crime and murders. Why? Because murders don't give a flying crap about gun laws!
You punish people for murder, you punish people for fraud, but all this regulation isn't going to prevent fraud.
[edit on 29-12-2009 by mnemeth1]