This came to me from George Mason University. Here some information on regulations is yours for the reading as well as the discussing. I have personally lost due to the Obama regulations. Are there others posting who also lost. I lost due to the Dodd Frank laws and the new bureau it created.
Its 'effect'! But, of more importance, I find it amusing that there is whinging about regulations in a country so heavily impaired by neo-liberalism (i.e. market fundamentalism)
I've heard estimates from various builders and developers that all the regulations, compliance to building codes, and permits, can raise the cost of constructing a house by 15%, sometimes 20% in certain parts of the country, and factoring all the delays caused by the permitting. If you're talking about a $300,000 house, a 15% increase would raise it to $375,000.
A country without building regulations? Crikey, we still have serious problems with new builds with the regulations we currently have.
Some times I have to spend almost a $100 on gas to drive to Arizona and back to buy a gun that is legal in 49 states but because of California's really stupid regulations that gun is illegal in California.
That $13,000 would have even further enriched the CEO'sExecutives and Boards of Directors,rank and file employees would have got nothing of it just like all the other excess profits generated since 1970.
In the appendix to the book Skunk Works, by Ben Rich, it states the cost of compliance with govt regulations accounts for 30% of the costs of a program. People complain about the $100 hammer and wonder why the govt cant just go to WalMart and buy a hammer for $30. The $100 hammer and the $30 hammer may be the same, and the WalMart hammer might be just fine. But the govt requires the vendor to prove the hammer meets all kinds of requirements such as it works in temperatures from -20 to +75 C, wont corrode due to fungus and salt fog, the handle is secured and wont come off, and that it even is configured to fit in the standard DoD tool box slot for "hammer". And the govt requires the vendor to document all costs, track the hammer from purchase through inspection and testing and packaging and shipping, assign a bar code serial number to each hammer, etc. The govt ends up with the $30 WalMart hammer but the cost of govt compliance has driven the cost to $100.
Yes, anybody who's ever run a business knows that doing all the little stuff is not easy, and it adds up fast, in time and money. It's almost amazing the economy is able to run at all, there are so many little things to account for. To do something seemingly simple, takes a lot more than people think. (At least that's been my experience)
If it were government compliance or regulation dictating these rules then they would apply to the Wal-Mart hammer sold to anyone.The reason our Pentagon and other government agencies overpay for EVERYTHING they buy is LOBBYISTS and FLAGRANT CORRUPTION by our elected politicians who allow it.Many senators and congressmen and former campaign workers wind up as K Street lobbyists when they leave office.It is them and their buddies still i9n office who cause us to overpay for everything.
