Wednesday, August 06, 2014

The Mathematics of Economy-Destruction

Like him or not, Charles Koch makes the case:  Gummint is killing the economy.

...First, we need to encourage principled entrepreneurship. Companies should earn profits by creating value for customers and acting with integrity, the opposite of today's rampant cronyism.

Too many businesses focus on getting subsidies and mandates from government rather than creating value for customers. According to George Mason University's Mercatus Center, such favors cost us more than $11,000 per person in lost GDP every year, a $3.6 trillion economic hit.

Compounding the problem are destructive regulations affecting whether and how business invests and employees work. Federal rules cost America an estimated $1.86 trillion per year, calculated the Competitive Enterprise Institute....

Adding the cronyism (hello, Ex-Im Bank) and regulatory costs, we get $5.4 trillion--which represents a 30%+ loss to the economy.  Another way to look at it (as did PowerLine) is this:  add 30% to your current income to determine how much it costs YOU.

And ObozoCare hasn't even taken full effect yet.

9 comments:

Anonymous said...

If only a white president had doubled the stock market and created more than 9 million private sector jobs over 50 months...

Dad29 said...

ever hear of Ron Reagan?

Dad29 said...

ever hear of Bill Clinton?

Dad29 said...

dumbass

Dad29 said...

RACIST dumbass

Anonymous said...

Git 'em, Dad! Get 'em!

Anonymous said...

Anon 8:38: Another example of the left's blind obsession with race.

J. Strupp said...

Regulations do not cost anything. They are free.

Dad29 said...

Clintonite parsing. No surprise from you, Struppinskiy.