Wednesday, September 29, 2010

How regulations kill the middle class

A while back, I posited the belief that the rich pay no taxes. The only people who pay taxes in this country are the people who have no one to pass the bill along to.

While looking up some other things, I ran into this article from March addressing how EPA regulations hurt minorities much like liberal education policies........

Democrats generally count on African Americans and Hispanics for their support on policies related to health care, education and the economy. However, a rift has emerged over energy policy.

“President Obama wants to price us out of energy, this is a war on how we live in America and don’t regard it lightly,” said Harry Alford of the National Black Chamber of Commerce, which reaches 100 thousand black-owned businesses.
Alford and several minority group advocates converged on Capitol Hill on Monday to blast President Obama’s new Environmental Protection Agency regulations on greenhouse gas emissions that are likely to go into effect next year. They argue they will disproportionately affect African Americans and Hispanics nationwide.
“We need to fight them, we need to fight them hard, fight them fierce,” Alford said.
The new EPA regulations would, among other things, place fees on the use of fossil fuels. According to a new study commissioned by the Affordable Power Alliance, 12 millions jobs are at stake by 2030. Advocates say the job losses would be concentrated in electrical utilities, petro chemicals and the industral sector, said Roger Bezdek, who authored the study.

If you've ever wondered what an economy with excessive regulation looks like you need like no further than India, where the middle class is next to non existent. If it hadn't been for the country's reforms in the past decade they wouldn't even have those jobs.

As I've said a hundred times. I'm not a conservative for me. I'm a conservative for the people who don't have options.

No comments: