Unintended consequences

Unintended consequences

Cry Wolf Quotes

The truth is that if your labor is worth $6.75 an hour and the minimum wage is raised to $7.75, you simply become unemployable. The first rung of the ladder is gone, and there's no place to start….This legislation is the ultimate expression of the cruelest of all human lies: ‘I'm from the government, and I'm here to help.'

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Tom McClintock, California Republican state senator. The Los Angeles Times.
04/11/2006 | Full Details | Law(s): Minimum Wage

As if New York's economy wasn't already stressed enough, there's a renewed push in the City Council for a local ‘living wage’ law that could hinder the city's economic renewal while reducing job opportunities for the very people it is supposed to help.

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McMahon, E.J. New York Post.
03/20/2002 | Full Details | Law(s): Living Wage

I'm an old man, and I've never seen a feeding frenzy like the one we've had on corporate accountability.

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Thomas Donohue, President of the Chamber of Commerce
09/20/2002 | Full Details | Law(s): Sarbanes-Oxley Act

It should have been obvious from experience—but wasn’t—that additional hard work, genius, creativity and risk-taking were all discouraged by high marginal tax rates.

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Reagan Treasury Secretary Donald Regan’s Address to the Business Council, 1984.
01/01/1984 | Full Details | Law(s): Tax: Income