Bad for business
Commentary
The Great Regulation Charade
Cry Wolf Quotes
At its worst, the Clean Air Act speaks of the potential wholesale shutdown of industrial facilities should a state not be able to attain the standards by set dates -- 1982 and 1987. At its best, the act will require the imposition of new and expensive technology and will severely limit the location of new industry in major metropolitan areas.
We might have to take drastic action such as limiting production.
These taxes are a levy upon capital. There is no requirement in our law, as there is in the English law, that the proceeds from estate taxes shall go into capital improvements of the Government. In other words, capital is being destroyed for current operating expenses and the cumulative effect of such destruction cannot fail to be harmful to the country.
At this time we have no figures on the two fiver fiber level, if it can be in fact accomplished. These costs may keep us from being able to operate, but if they didn’t, labeling, as proposed, would surely put us out of business anyway.
