Don't ask me what I want it for
If you don't want to pay some more
--The Beatles
Classic example of how government regulations drive small operators out of business. Approximately 350,000 small tax preparers will be forced to take down their shingles because they do not meet new IRS licensing requirements.
The reduced competition will result in higher costs and reduced innovation.
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Cynically but accurately put, Americans oppose public intervention or regulation if it helps others, but favor it if it helps them - take social security, disaster relief, public works projects, for example.
~Jon Meacham
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