Unintended consequences

Unintended consequences

Cry Wolf Quotes

Facing a possibility of 20 years in jail and $5 million fines, executives are going to spend lots of time going over financial statements, and less time creating, innovating and leading,”

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James Glassman, resident fellow at the American Enterprise Institute
09/20/2002 | Full Details | Law(s): Sarbanes-Oxley Act

…it still is true that the young people of today in this country look to the people who have succeeded in spite of every handicap such as that, as their inspiration for doing things. I think we do not want to kill off that spirit of individualism. I use the term ‘individualism’; I know it is sneered at a lot, but I know if is still a respectable term and I think we ought to cultivate it instead of sneering at it.

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John C. Gall, Associate Counsel National Association of Manufacturers, Testimony, House Committee on Ways and Means.
03/21/1934 | Full Details | Law(s): Unemployment Insurance

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

We do not believe that merely furnishing a list of the ingredients of our products to the general public will enable the general public will enable the general public to intelligently decide which, if any, are liable to endanger the environment. What such a list can and will do, is enable our competitors to learn something about the nature of our products. With competition in the market place as it is today, we certainly do not need the City Council to help our out-of-town competitors.

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Richard Kiefer Jr., corporate safety director of the McCloskey Varnish Company.