Bad for business
Commentary
The Great Regulation Charade
Cry Wolf Quotes
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.
Taken together with the Securities Act of 1933 (the 1934 Act) will effectively bar the flow of capital into American business.
Rather than merely prohibiting discrimination against the disabled, the bill compels employers to make significant expenditures and extensive physical alterations to their facilities to accommodate an unlimited variety job applicants.
Believe such legislation would eventually seriously injure home-financing institutions which have been in existence in the country over a hundred years.