AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.
TVA: Home PageFifteen years ago they had no employees but someone started a business and created employment and a great deal of wealth. How much wealth has the Department of Energy ever created?
The bolded above are LOCAL regulations on small business.Owner of Prestige Limousines, Inc., in Boca Raton, Fla.
I own a limousine company in Florida and I service three areas: Dade County, Broward County and Palm Beach County. All three counties have their own charter and their own regulations for limo companies.
We will start with Miami, which is Dade County. You have to buy a permit, which costs anywhere from $10,000 to $15,000. Once you acquire that permit, you have to find a vehicle to put that permit on. And it has to be no older than five years old. Once that car is five years old, you have to go out and buy a new one, no matter what kind of condition you keep it in.
You have to get the car inspected every year. And you have to renew the luxury sedan permit every year. It would be better if you could buy just one permit for your entire fleet. But you have to buy one for each car and each car permit costs $675.
In addition to county regulations, I also have to deal with federal ones, which come from the Department of Transportation. I have a bus and the driver has to get certified under the DOT. The driver also has to get a commercial driver's license, which costs $300.
Keeping compliant is a full-time job for me. That is what I do. That is all I do. There is a huge responsibility when it comes to the regulations here in South Florida.
It is not something that you can pass on to staff members because if they mess up, you can get fined for not being in compliance. And the fines are very, very steep. The DOT can also shut you down.
Regulation nightmares - Keeping compliant is a full-time job (2) - CNNMoney
For the most part this discussion is an arguement between two neighbors who have just been through a tornado, have had both of their houses destroyed and they are argueing over one of their dogs crapping in the others yard.
The problem is the deficit. No amount of tax increases will solve that. I've argued over and over that all taxes should be taxed as income. That would force the Buffetts to pay a good bit more in taxes......again though, nowhere do I see that proposed. We then argue about raising the income tax rate on the rich when many of them have little to no actual income. You could raise the rate to 90% of everything over $100,000 and Buffett isn't even going to notice.
The problem will remain the deficit. I would give Obama a tax increase over $250,000. It's not really going to amount to a hill of beans, but it has to be combined with a real deficit program that starts NOW. Not at some hopeful time in the future. Sure, it's going to hurt but it's the only answer.
But yeah, continue argueing over whose dog crapped in the yard.
Last edited by 1Perry; 09-22-11 at 01:12 PM.