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:

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

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  2. ever hear of Ron Reagan?

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  3. ever hear of Bill Clinton?

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  4. Git 'em, Dad! Get 'em!

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

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  6. Regulations do not cost anything. They are free.

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  7. Clintonite parsing. No surprise from you, Struppinskiy.

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