Why do progressives want regulations and redistribution?

[Lemon law]

Then there is the Fern contention about the IRS, namely, "Then, even in the (rare?) case of a good regulation, the bureaucrat's tendancy is too keep adding to it. It'll keep getting fixed til it's broken. Look at the tax code and IRS regulations."

Which is really stupid thing for Fern to say, it ain't the middle class pushing for a 40,000 page tax code with every business deductions conceivable to man that screw up our tax code, its the uber rich and business influence that screws those tax regulations up.

Its really really easy to fix that mess, just limit how many dollars tax shelters a business can use. Instead they use every one, and for a business, the more the merrier.

As a result, businesses pay no taxes------------hello ultra profitable GE.

 

[DucatiMonster696]

Sounds exactly the same as the U.S. so what's your point?

Only if you are on drugs or mentally ill.

 

[Fern]

-snip-
Which is really stupid thing for Fern to say, it ain't the middle class pushing for a 40,000 page tax code with every business deductions conceivable to man that screw up our tax code, its the uber rich and business influence that screws those tax regulations up.

No, the IRS is soley responsible for writing regulations. Businesses etc have no influence on teh size of the IRS regulations.

Businesses lobby Congress for laws. You can't lobby the IRS.

-----------------------

Here are a couple of examples about regulations, complexity, cost and unintended consequences.

1. Health Care reform. According to a report in CFO magazine (haven't yet checked to see if it's also online) the thousands of pages of regulations (with more to come) are causing a pretty substantial increase in employee HC plans. Legal etc fees are way up. Some companies are reporting increases in plan costs as much as 5%. (Plan costs include insurance premiums and costs of management.)

2. Frank Dodd Financial reform. Was initially supposed to stop the "too big to fail" problem. However, it isn't working out that way. Again thousands of pages of new regulations. The FDIC is quietly suggesting to banks that are $500,000 million and under in assets to merge because they won't be able to pay the compliance costs and remain profitable. In many states this accounts for 50% or more of their banks. The irony is these smaller banks aren't the ones who caused the problem or participated in toxic assets.

With the exception of one of the big banks they have grown substantially larger than they were in 2007.

Fern