With Multi-Thousand Paged Laws And Regulations It’s A Wonder Anyone Is In Business Anymore

Obamacare Regulations

Did you know the Canadian health care law is only ten pages long? Whether or not you’re a fan of they’re system, at least they passed a law people should be able to read and understand. David Rubin pointed this out in a Post Standard column.

Once in a while a fact is so compelling that it takes your breath away. Here is one: The 1984 Canada Health Act that set up the country’s comprehensive health care system is just ten pages long. See for yourself here.

Compare this to Obamacare, our legislative roadmap for the future of health care. It’s 2,700 pages.

Canadians have a fighting chance of comprehending their bill. The average American has no chance of ever grasping Obamacare. I doubt anyone does.

I was reminded of this comparison a couple of weeks ago when Gov. Andrew Cuomo proposed his latest scheme for economic development upstate, this one named “Tax-Free NY.” It will create tax free zones on or near public and private university campuses. New businesses in these zones will pay no property, income or sales taxes, and their employees will not pay state income tax for years.

Tax-Free NY is the latest in a crazy quilt of economic development programs in which Albany gives away $7 billion a year to support favored projects. These include the discredited Empire Zones, Destiny, the Regional Economic Councils, and now Tax-Free NY.

The complexity and unfairness baked into this new Tax-Free NY plan are obvious. (Read More)

New York is a mess, and it’s even worse at the federal level. It’s a wonder anyone can stay in business anymore, let alone start a business.

Consider the evidence from the annual “Doing Business” reports from the World Bank and International Finance Corporation. Since 2006 the report has published data for most of the world’s countries on the total number of days it takes to start a business, get a construction permit, register a property, pay taxes, get an export or import license and enforce a contract. If one simply adds together the total number of days it would take to carry out all seven of these procedures sequentially, it is possible to construct a simple measure of how slowly—or fast—a country’s bureaucracy moves.

Seven years of data suggest that most of the world’s countries are successfully making it easier to do business: The total number of days it takes to carry out the seven procedures has come down, in some cases very substantially. In only around 20 countries has the total duration of dealing with “red tape” gone up. The sixth-worst case is none other than the U.S., where the total number of days has increased by 18% to 433. Other members of the bottom 10, using this metric, are Zimbabwe, Burundi and Yemen (though their absolute numbers are of course much higher).

Why is it getting harder to do business in America? Part of the answer is excessively complex legislation. A prime example is the 848-page Wall Street Reform and Consumer Protection Act of July 2010 (otherwise known as the Dodd-Frank Act), which, among other things, required that regulators create 243 rules, conduct 67 studies and issue 22 periodic reports. Comparable in its complexity is the Patient Protection and Affordable Care Act (906 pages), which is also in the process of spawning thousands of pages of regulation. You don’t have to be opposed to tighter financial regulation or universal health care to recognize that something is wrong with laws so elaborate that almost no one affected has the time or the will to read them.

Who benefits from the growth of complex and cumbersome regulation? The answer is: lawyers, not forgetting lobbyists and compliance departments. For complexity is not the friend of the little man. It is the friend of the deep pocket. It is the friend of cronyism.

We used to have the rule of law. Now it is tempting to say we have the rule of lawyers, which is something different. (Read More)

That Gang of Eight immigration bill they want to ram through is more than 800 pages. Why would they need 800 pages except to keep the special interests happy? Instead of scrapping all of these monstrous laws and regulations and replacing them with simple, easy to understand legislation, they keep writing and passing more of this garbage. Then they wonder why they have to keep going back to fix the rotten legislation they never should have passed in the first place. It’s complete insanity, and it never ends.