Study done by California State University Sacramento
This study measures and reports the cost of regulation to small business in the State of California. It uses original analyses and a general equilibrium framework to identify and measure the cost of regulation as measured by the loss of economic output to the State’s gross product, after controlling for variables known to influence output. It also measures second order costs resulting from regulatory activity by studying the total impact – direct, indirect, and induced. The study finds that the total cost of regulation to the State of California is $492.994 billion which is almost five times the State’s general fund budget, and almost a third of the State’s gross product. The cost of regulation results in an employment loss of 3.8 million jobs which is a tenth of the State’s population. Since small business constitute 99.2% of all employer businesses in California, and all of non-employer business, the regulatory cost is borne almost completely by small business. The total cost of regulation was $134,122.48 per small business in California in 2007, labor income not created or lost was $4,359.55 per small business, indirect business taxes not generated or lost were $57,260.15 per small business, and finally roughly one job lost per small business.
Now this is just for business. Per individual, just the cap and trade bill will raise taxes by $3100 per family of 4 per year - and this is just as it comes into play not extending out as the crazy legislation becomes more contstrictive. As job losses mount, total cost per individual would be at least $5000. Because it would not allow growth and it would destroy the economy and this kind of new tax would decrease the economy by $4T, annually. Since America's GDP is roughly $14T, our wealth at ~$50k per American, would be cut by 1/3. As government takes over your life and assume control of it, they also lessen your ability to fight back or choose another route. They do this by taking your money for with financial resources comes true liberty in a letigious society.
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