I think it's regulation, and taxation isn't much of a problem at all compared to big labor and its laws, trade regulations, treaties, patents, anti-trust, drug war, environmental and safety regulations, and the over-regulated, corporatist, cartelized banking system we have.
Further, the regulations cost too much money to enforce. The government currently taxes about 17% of GDP, but if all tax loopholes were closed and all regulations eliminated, then we'd be a lot better off and the debt would be paid off quickly, because of the economic prosperity that would result from no regulations. We could even still keep some of the redistribution of wealth, if we got rid of all regulations.
This is a major problem I have with Republicans. They want regulations and spending, and all they think about are taxes and welfare as if regulations are harmless. Grants to get small businesses or schools going hurt but not nearly as much as the shit like (including but not limited to) Sarbanes Oxley, the Fed, and OSHA.
I recommend reading Hans Herman Hoppe on this issue. The regulations are far more costly than the taxation.
Further, the regulations cost too much money to enforce. The government currently taxes about 17% of GDP, but if all tax loopholes were closed and all regulations eliminated, then we'd be a lot better off and the debt would be paid off quickly, because of the economic prosperity that would result from no regulations. We could even still keep some of the redistribution of wealth, if we got rid of all regulations.
This is a major problem I have with Republicans. They want regulations and spending, and all they think about are taxes and welfare as if regulations are harmless. Grants to get small businesses or schools going hurt but not nearly as much as the shit like (including but not limited to) Sarbanes Oxley, the Fed, and OSHA.
I recommend reading Hans Herman Hoppe on this issue. The regulations are far more costly than the taxation.
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