Unintended consequences

Unintended consequences

Cry Wolf Quotes

No rule of thumb method ... can be devised which will fit all securities in all situations....It would produce even greater injury than the Federal Securities Act in retarding or preventing the follow of securities into new and refunding issues, which are indispensable if employment is to be maintained and increased and the huge burden on the Treasury is to be relieved.

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From a statement issued by the unnamed “directors” of the U.S. Chamber of Commerce

Such a tax inevitably discourages capital investment that is so important for the development of new energy resources. There is a definite psychological effect on investors who know that any success will be subject to a tax that could consume almost the entire profit.

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Walker Winter, of the U.S. Chamber of Commerce, Statement at the House Committee on Ways and Means.
02/05/1974 | Full Details | Law(s): Windfall Profits Tax

We oppose the Medicare program because foreign experience has shown that socialized medicine is harmful to both the doctor and the patient, primarily to the patient. He suffers most.

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Harry E. Northam, director of the Association of American Physicians.
04/11/1965 | Full Details | Law(s): Medicare

A poorly crafted ‘living wage’ plan could achieve the opposite of its well-intentioned social goals. It could result in fewer good-paying jobs in the city, and less opportunity at the entry level. It could drive up the cost of city programs, leaving fewer resources to help lower-income families.

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Editorial. San Francisco Chronicle.
11/11/1998 | Full Details | Law(s): Living Wage