Friday, November 21, 2008

Regulation Hurts Economy

Hey, Ed, listen to this. The state of New Jersey hires a retired police lieutenant from Hamilton Township to go around and check on used car dealers to see if they do the paperwork right. So, if the dealer has a minor infraction, like maybe issuing two temporaries, they close the guy down for 30 days. That puts the dealer out of work plus the guys who work for him, and all the people the dealer does business with, like the newspaper, they don’t get money, and the state doesn’t get any sales tax. The only one with a job is the guy who gets the $70,000 a year pension. Boy, this is really good for the economy.
No Money Down
If they’re gonna have rules, it’s hard to insist that they don’t enforce them. But 30 days seems harsh. And 70 grand is cushy. —Ed. Note

0 Comments:

Post a Comment

<< Home