Saturday, October 15, 2011 12:24:50 AM
Baal: It's not so much about corporate tax rates now, it`s about heavy-handed and over burdensome regulations that act like taxation. Regulatory costs meet or exceed corporate taxes in most industries now.
The Gov`t raided Gibson guitar recently over legally obtained fret board blanks, they`ve prevented Boeing from opening a new airplane plant in South Carolina, Mile High Cab in Colorado is being prevented from operating taxis by a public utility commission.
And this over regulation is often has multiple layers to deal with like local public commissions that recommends to a board, that then recommends to a state licensing authority, each layer taking 3-4 months of waiting minimum.
It`s so ridiculous they are fining kids with lemonade stands if they don`t have a license that costs $500.