Friday, January 14, 2011

Reform VII. End Small Business Regulations.

The heavy hand - a ham hand - of government is stifling the entrepreneurial spirit of Americans. That ham hand is at the local level, the State level and the Federal level. Localities use regulations to prevent people from starting small business that might compete with favored groups, or impinge on some connected clique's environment. States use licensing laws and education requirements for "professions" to restrict competition. The Federal government has a huge panoply of regulation ready to land on any business once it grows to 25 or 50 employees. Yup, they tend to restrict hiring more people.

We need to get rid of all this regulation of the common man. We need a new burst of freedom for all of the common men and women.

The tax reforms I proposed are a start; they would get rid of all taxes on employments. The parallel reform we need is a removal off ALL business regulations and licensing (other than life threatening matters) below a very high threshold.

If someone scrapes together enough money to start a business, let him! If someone can get customers to come to him for some service, let him run that business without phony licensing or education requirements. For example, why does the SEC-FINRA regulate financial advisors? Word of mouth or a good private certification such as the CFA would do the job. Let the SEC-FINRA deal with frauds and ponzi-scams.

Why are real estate brokers burdened with silly "continuing education classes"? If they can't do the job, the customers would know it soon. Ditto for people cutting hair or helping the veterinarian treat dogs. Either the customer or the boss knows when the job is being done. Let the customers go to whom they want for services and goods. Let the business owner run his business.

Remember the "UL" label on electric goods? "UL" meant the device was tested by the Underwriters' Laboratories, a private testing service that made sure the device was safely constructed. It was created by the insurance industry.

Make the customers pay attention to the good or service he's getting. The ham hand of government is causing everyone to think the government is supposed to take care of everything and make everything work. It's time that responsibility is put onto the person running the business and the customer to check and make sure the service or good is suitable. They know better, or should know better, than some bureaucrat.

Get rid of almost all government regulations at all levels of government. Then let a thousand flowers bloom - the flowers that a new burst of small business entrepreneurs will bring.

The only regulations needed are for life threatening matters and for the ruling class of the rich and powerful - aka the hegemonic class - to prevent them from enslaving all of us and becoming aristocrats. That's a small group of people and corporations and institutions. Watch them closely; let everyone else be free.

Actions

None. waiting for better rates in the municipal bond market to trickle down to the bonds I'm seeing from Mrs. B's broker.

Word of the Day

"Autotelic" - adjective [$10]; a T. S. Eliot word
Autotelic means having or being a purpose in itself.
Sentence: Government is not autotelic; its purpose is to serve the people and protect them from invaders and oppressors.

30 comments:

Spin-em said...

I was going to take the day off.....but noooooo....I cant let my readers down...

Spin-em said...

...no prediction for the year bunk??...09 the list....10...10%...11...nutten...sleepin in eating chili??....lol

Bunkerman said...

Oh I can do a prediction. Will post next week for stocks, gold, bonds, etc.

Bunkerman said...

have you got your solar panels clear of snow yet, spin ?

;)

Bud said...

ok..........now some reforms i can agree with



'view from the cato institute'

Bud said...

PBoC raises rates(in effect)


what a world.......China understands that inflation can destroy a country..........and Ben........



dollar tankaroo

Bud said...

Bman shud dr bernanke be charged with treason ?? conspiracy to commit treason ?

Bud said...

saw Ulysses s grant on american experience.......interesting



Bman was grant an alcoholic ??

Bud said...

Bman what do you think of Grant's war strategies ?? specifically at vicksburg

the union army terrorised civilians and committed atrocities against them............was grant a war criminal ??

Bud said...

Bman how come no one calls their son Ulysses anymore ?? did something happen over the years to make that name unpopular


i understand why below the mason-dixon line

Bunkerman said...

no he was not.

he drank too much when depressed sometimes, particularly when his wife was away; but drank as common for the times

Bunkerman said...

the union army terrorised civilians and committed atrocities against them............

no, they didn't. I've read all the histories.

Grant was a great general. Vicksburg was a superb campaign using the navy and cross country movement superbly.

Bunkerman said...

re name: maybe it was that novel, Ulysses

Bunkerman said...

atrocities were committed by stragglers in both armies; but they were punished severely by both when caught by either side

(shot or hung)

mfl59 said...

Uhhh sir didnt he drink so much he faced bankruptcy and destitution before the war?

Spin-em said...

Bud..just buy ur Civil War re-enactment outfit and get it over with already....

iiiiiiiy must fiiigt... myyy braaatha... for the saaayke of myyyy countree'

Spin-em said...

have you got your solar panels clear of snow yet, spin ?


I pay Manuel on a scale 1 to 2 feet $10.....lol

Spin-em said...

Oh I can do a prediction. Will post next week for stocks, gold, bonds, etc.

G8!!

Bud said...

Bman your knowledge of the civil war is surprisingly limited and incorrect


during the occupation of vicksburg....grant specifically instructed the union soldiers to burn anything that confederate soldiers could use......that meant they burned civilian homes and plantations......they stole all the food and rations they needed........burned everything else..........if a civilian tried to stop them.........he was killed.....women were raped

Grant was very clear.......his words......."i wanted to break the will of the southern peoples"

Bunkerman said...

"during the occupation of vicksburg....grant specifically instructed the union soldiers to burn anything that confederate soldiers could use"

so destroying war suppiles is an atrocity?

By the way, the UNION occupied Vicksburg for the remaining two years of the war - I suppose they fed the civilians who stuck around. Also, Vicksburg was a city ... it didn't have plantations.

Bunkerman said...

Grant's memoirs are one of my favorite books.

Sherman's' too.

Bunkerman said...

Uhhh sir didnt he drink so much he faced bankruptcy and destitution before the war?

nope, he was a lousy businessman.

Bud said...

Grant's memoirs..............lmaooooooooooooooooooooooooooooooooooo


what do you expect him to say in his memoir ??

Spin-em said...

nope, he was a lousy businessman.

I strongly disagree...his Conestoga Wagons Grill chain was just ahead of its time

Spin-em said...

I will concede Beard Club for Men...was pure folly of the recipe

Spin-em said...

"I will concede"

I wish I said...I will "grant" you

Bunkerman said...

oh Bud ... I've read about five books about Grant.

Bunkerman said...

besides, Grant was from OHIO !!!

A great man ... saved the United States .. crushed slavery ...crushed the KKK.

Spin-em said...
This comment has been removed by the author.
Spin-em said...

Meatloaf...Now dont be sad(dont be sad) cuz... 2 outta 3 aint baaad