"An Auburn University study says every single regulator destroys fully 138 private sector jobs every year you keep him on the job. ...
"GDP-adjusted to today, that translates to $16.5 million of economic output. For a hundred-thousand dollar bureaucrat.
"This lost output is made of jobs and businesses that were never started. Or were stunted by strangling regulations — which are generally bought by big corporations specifically to strangle small competitors.
"Along with mums and dads chased into bankruptcy as collateral damage to new regulations — say, a cafe forced to spend $30,000 on a low-energy exhaust fan.
"So it’s not the bureaucrat’s hundred thousand salary that matters. It’s the 138 jobs he takes out. Every single year you keep him around.
"In fact, you could fire him, keep paying him for life, and still put a hundred families in the middle class.
"In recent videos I’ve mentioned research saying one dollar in taxes destroys 3 dollars in GDP. A regulator blows that out of the water — each dollar in regulator salary destroys 112 dollars in output."~ Peter St Onge from his post 'Every Bureaucrat Destroys 138 Jobs'
Thursday, 23 January 2025
Every single bureaucrat costs you $16.5 million
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment