When government adds new regulations the burden of absorbing these acts is put on the backs of those who can least afford them. Large corporation can hire lawyers to find loopholes that enable them to escape the pain these regulations cause, or have the ability to absorb the cost regulations bring on them. Mom and pop businesses find it much more difficult to absorb those costs. While large companies can shift the cost of new regulations on the consumer by raising prices, it’s more difficult for a small business with less products and/or less sales to do the same.
It is not only business that suffer from over-regulation but those who are the vulnerable in our society. Large companies raise prices on items to cover the cost that new regulations bring to their businesses; which makes it more difficult for those who are struggling to buy the products they need for themselves and their families. New regulations also bring new costs to businesses, so that these businesses will be less likely to hire new employees and/or increase salaries of those that work for them. This burden is most felt by those who are the poorest among us because many of them are looking for positions and also can barely afford to survive with the monies they currently are receiving.
Let us truly help the small and weak but cutting undue regulations and red tape.