President Trump Signs Order to Cut Business Regulations

a reply to: seasonal

[QUOTE] – Trump and Republican lawmakers are attempting to usher in an era where the protections the American people need and want will come second to industry profits."[/QUOTE]

SOURCE

Seems like this whole presidency is just a way to line Trump's pockets...

Still wondering where his tax returns are....

Wonder how everyone will feel when the prices of every day items double and triple due to "lack of regulations and consumer protections.?"

a reply to: TerryMcGuire

What that did was to unleash the power of the corporations, to allow them to lobby and bribe at a larger degree. To allow them 'personhood'

even with all the regulations we have it still isn`t enough to stop them from doing those things, so what`s the answer, even more regulations?

a reply to: Tardacus

Perhaps "right" regs? If there is such a thing.

The corps are persons is BS.

a reply to: kelbtalfenek

Wonder how everyone will feel when the prices of every day items double and triple due to "lack of regulations and consumer protections.?"

how well has all those regulations worked to keep prices low and create jobs?

a reply to: kelbtalfenek

Nice snip out of context. So Lisa has an opinion, is there a more literal point to your post?

This EO is just the next and most arbitrary attack in a litany of attacks against public protections," said Lisa Gilbert, director of Public Citizen's Congress Watch division.

"From overreaching measures like this ridiculous 'two out, one in,' standard, to the agency gag orders keeping staff from discussing their work protecting the public, to the discussion of massive budget cuts – Trump and Republican lawmakers are attempting to usher in an era where the protections the American people need and want will come second to industry profits."

a reply to: Tardacus

Prices are not set buy cost. They are set by ability of sell the product. While regs will "steal" some profits, large corps pricing is more about sales than how much the product costs to make.

a reply to: WUNK22

Big business is the scourge of the economic world.

In a business like yours, you work hard and the profits go to you, which you put into your local economy.

Big business is more like a bunch of vultures hovering over a carcass. You have all these predators picking away at every dollar you make at the front line, taking the profit away for themselves while they do very little actual work to earn it. These businesses are also extremely slow to adapt to change. And spend their existence trying to dominate their sector by driving everyone else under through price wars.

So I say go President Trump for giving the little guy a break.

a reply to: markosity1973

Very true. I think about the quality of products available at a market store, that is locally owned and run. Compare this to the large faceless and huge corps--there is no comparisons. I would gladly shop at the local guys place.

a reply to: kelbtalfenek
How do prices double?

Wonder how everyone will feel when the prices of every day items double and triple due to "lack of regulations and consumer protections.?"

originally posted by: seasonal
a reply to: markosity1973

Very true. I think about the quality of products available at a market store, that is locally owned and run. Compare this to the large faceless and huge corps--there is no comparisons. I would gladly shop at the local guys place.

Here is an actual fact about a large corporate business.

For every dollar that comes over the counter 10 cents is all that goes directly back the employees of the store (in the form of wages and salary) That ten cents is shared proportionately between store management and the rest of the team.

Of the other 90 cents, approx 50 cents goes to buying in new inventory and the other 40 cents is creamed off by the corporate hangers on.

a reply to: markosity1973

very interesting

I don't know the pay scales for the small business. But the products and service is much better.

originally posted by: Tardacus
a reply to: kelbtalfenek

Wonder how everyone will feel when the prices of every day items double and triple due to "lack of regulations and consumer protections.?"

how well has all those regulations worked to keep prices low and create jobs?

Keeping prices low? Ask anyone that shops at Walmart, or any discount store. Ask anyone that likes to eat fast food. Ask the stock market, for when those regulations get whacked, we'll see another false inflation and Dow Jones high.

I'll admit the job market isn't the greatest, but when you throw inflation into the mix, you get a ton of people that cannot accept the lower paying jobs because that will not allow them to pay the rent or feed their family, or even pay the insurance on the car that they need to get to the job that doesn't pay them enough to support themselves. Ever wonder why some of these immigrants (both legal and illegal) work 3 and 4 jobs? Because it's that 3rd of 4th job that allows them to put a little bit of money aside.

But getting rid of regulations that protect consumers...(that's all of us) and de-regulating the corporations....(that's the guys that control this country) is not a good move in the interest of Americans.

a reply to: seasonal

Small business usually aim to spend around 15 - 30%. It can blow out as high as 50% if they are in trouble.

a reply to: seasonal

Maybe he'll do the same thing with stupid laws too???

There are plenty of completely pointless laws that people in general can get in trouble for that only get used when some LEO wants to screw with someone or some lawyer wants to mess with someone's life.

I mean why stop with just businesses after all when there are plenty of ridiculous basic laws that could be done away with too.

originally posted by: seasonal
a reply to: SolAquarius

If done correctly a small business will reward you many ways. If you are talking about a web based business, the red tape is very small.
I have a web based and a small property dev. company. Both have a minimum of reg tape.

I own and operate 3 LLCs, I am in the process of selling one of them to my employees. May sell another one thru a broker.

Looking to get out before Trump brings on killing inflation of raw materials. Time to retire with my lady in the tropics and watch the show happen. All I need is a www. connection for #3.

a reply to: olaru12

Sounds nice man.

Need a cheap cabin boy and cabin lady to serve you drinks and bring you your sandals when you forget them on the beach??? Let me know, I'll work cheap as long as you pay the ticket to get there. All I need is a grass hut and few square feet of beach and I'll handle the rest.

a reply to: olaru12

There might be a period of market readjustment as prices re-inflate back to the scales they were before China drove them all down.

But......

Once equilibrium is reached again, a lot more money will remain within US borders instead of being leached off overseas. Which means more tax income for the govt. Which means smaller (or hopefully no) deficit.

It's hopefully the beginning of the reversal of the downward spiral that many western economies are experiencing while places like Saudi Arabia, UAE, China are laughing all the way to the bank with ridiculous fortunes made off OUR money.

a reply to: markosity1973

An awful lot of those chinese goods have little to do with prices being reduced. Usually they add to the profits of a corp. Apple, nike, Redwing, catapillar, hand tools and medical pharma and equipment come to mind.

originally posted by: markosity1973
a reply to: olaru12

There might be a period of market readjustment as prices re-inflate back to the scales they were before China drove them all down.

But......

Once equilibrium is reached again, a lot more money will remain within US borders instead of being leached off overseas. Which means more tax income for the govt. Which means smaller (or hopefully no) deficit.

It's hopefully the beginning of the reversal of the downward spiral that many western economies are experiencing while places like Saudi Arabia, UAE, China are laughing all the way to the bank with ridiculous fortunes made off OUR money.

You're dreaming...
Trump will reinstate the neocon "trickle down" economic model; Of favoring the big corps and letting small business take it in the butt. I'd hate to be a wage slave with inflation and gas at $5.00+. See the price of petrol creeping up? You ain't seen nothing yet....wages will not be going up during a Trump administration.

hint....play the money market and invest in the Yuan or rupee. Even the Yen....strange days are coming...look at the ratios and take a walk on the wild side.

a reply to: seasonal

If you refer back to my post on the breakdown of every dollar spent, you will see that approx 50 cents of every dollar goes back into buying new inventory.

Of that 50 cents 3 to 4 might go in freight, so the rest (approx 46 cents) goes directly back to China to the factories there.

Different areas of retail have different margins, so the cost price of the items varies but it is typically between 50 - 60 cents when averaged out. Some individual items within a store might only cost 10 cents per dollar, while others 80 cents per dollar.