There are so many regulations that FedEx could not get off the ground today. Subway Restaurants would not exist because “there are more and more regulations. It’s tough for people to get into business, especially a small business.”
Other companies that started small include Home Depot, Whole Foods, and Wynn casinos. These now giant companies might not exist at all if they had started in today’s regulatory environment.
Together these companies have over 800,000 employees. How much worse would our economy be without those jobs? without the goods and services they produce?
How many of tomorrow’s giant companies are being killed today by excessive regulations? We won’t ever know, but there are estimates that regulations cost us more than $1.5 trillion each year. That is $5,000 for each man, woman, and child.