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Govts and Regulation

Wed April 6 2011

We mentioned in intermed acct class Monday that regulations and more regulations were driving companies ot either not go public or go public somewhere else like Hong Kong or London. Even the NYSE is now up for sale.

One student has maintained that indeed bad behavior can be regulated. Well,

Mayor Bloomberg is trying. But all he has done so far is create a black market. Read about loosies, this is the new term for one or two loose cigarettes. A fellow is selling them one at a time, for 75 cents. That way the smoker is not likely to get caught. I once worked in a convenience store and noticed that carpenters and other blue collar on the job types would buy one can of beer, They would consume it  quickly so as not to be caught drinking on the job.

THis is surely another sign of excessive regulatory zeal, note Texas is gaining residents, NYC is losing them, can you see why?

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2 responses to “Govts and Regulation”

  1. Phillip Garcia Avatar
    Phillip Garcia

    Government Regulations are well written but the problem is the enforcement. The regulators must do their jobs. Government regulations are meant for those companies who cheat and steal from the government and their customers. This includes companies that do not pay their fair share of taxes.

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  2. Dennis Elam Avatar
    Dennis Elam

    Phillip
    Last time I checked Franklin Graham son of Billy was not writing the govt regulations. Govt regulations are not well written they are written as instructed by the lobby group donating to the congressman on the proper committee that the lobby seeks to influence.
    GE paid no taxes last year, a fat cat if ever there was one, now Jeff Immelt has been appointed Job Czar. GE does not pay its ‘fair share’ because it spends millions lobbying the govt for fat cat deals in terms of revenue and tax breaks.

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