Cry Wolf Quotes
Mandatory recycling creates waste and destroys wealth without solving any "problems." It is the equivalent of Soviet planning: the state first micromanages an economic activity and then builds an elaborate system of controls and subsidies to sustain it. Resources are wasted to generate recyclables, and then resources are wasted to encourage their use.
As a result, even though the Clinton proposal contains a very steep increase in the nation's tax burden, the actual amount of money the government collects may fall if enough workers lose their jobs and the taxable incomes of individuals and businesses decline.
The increased cost of labor is folded into a bid for a state contract that is then passed on to the state government (which is funded by taxpayers).
The Community Reinvestment Act should be repealed--not reformed or restricted but repealed! For no conceivable set of regulations on a bank is consistent with the objective of the Act to meet ‘the credit needs of its entire community, including low and moderate-income neighborhoods, consistent with safe and sound operation of such institution.’ The Community Reinvestment Act was the wrong solution to a genuine problem, for the most part created by other government regulations. Until recently, federal restrictions on interstate banking and state restrictions on intrastate branching severely restricted bank competition in local markets and the potential for geographic diversity of loan portfolios. These restrictions have been substantially reduced, promising a more competitive banking system that is more responsive to the interests of both depositors and borrowers and less vulnerable to adverse economic conditions in specific regions...Don't try to fix the Community Reinvestment Act. It can't be done. Repeal it.