 | | Amanda Heckman
Editorial Director | 25,000 years. That's how much time has been wasted filling out forms thanks to regulations passed by Washington. And that's just since Biden took office. [Discover the Top Passive Income Opportunity for 2023... Click Here. ] Yet it's more than the time wasted by both Trump- and Obama-era regulations... combined. 
View larger image This data comes to us via the American Action Forum. It studies the weekly regulatory notices published by the Federal Register. In just the final week of April, complying with new regulations cost $43.4 billion and added 108 million annual paperwork burden hours. One of those regulations is a new rule from the EPA. It will reduce greenhouse gas emissions for heavy-duty vehicles... but at an upfront cost of $39 billion. Yikes. If you're looking for one reason the economy has been growing at a meager pace for years... We've got it. What a Waste Both Andy and Joel have talked about the waste and just plain stupidity of government red tape. Joel has shown us how regulation and compliance in his industry are biased toward far larger outfits and put small businesses like his at a huge - sometimes crushing - disadvantage. And Andy has exposed how regulations in the oil industry have put the energy sector at risk for shortages and sky-high prices. But when we look at how regulations impact the economy as a whole... it gets worse. According to a study by the Mercatus Center at George Mason University, the increase in red tape over the years "has created a considerable drag on the economy." It's led to a 0.8% reduction in our annual GDP growth since 1980. Here's what that means... If regulation had stayed at the same level it was in 1980, the U.S. economy would have been 25% larger in 2012. That's $4 trillion lost to regulation... and $13,000 lost per capita. What a waste. And this study measured data between 1977 and 2012... We're in a whole lot worse shape today. After all, many new regulations are passed each year... and few old ones are overturned. It's clear... Regulation kills investment and stifles growth. And it wastes a hell of a lot of time. An essay about alternative health options in an investment newsletter? Absolutely. We've often said that health and wealth are fully connected. After all, you can't have one without the other. And when the government gets involved in either... well, that's trouble. See what Joel has to say here. One of the strongest indicators of the overall health of the economy is the homebuilding sector. Where it goes... the economy often follows. And the company Alpesh has for you this week says there's good news ahead. Click here or on the image below to watch his latest video. "Red tape has killed more people than bullets." - Ben Bova Want more content like this? | | | | | Amanda Heckman | Editorial Director Amanda Heckman is the editorial director of Manward Press. With unrivaled meticulousness, she has spent the past dozen or so years sharpening Andy's already razorlike wit... and has worked with numerous bestselling authors and award-winning financial gurus along the way. | | | | 
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