United Liberty
Subway Founder Says Regulations Are Hurting Businesses
Fri, 03/01/2013 - 1:20pm | posted by Jason Pye
During a recent interview on CNBC, Fred DeLuca, the founder of Subway, noted how regulations — particularly the new regulations being imposed through ObamaCare — are hurting businesses and entrepreneurs in the United States.
DeLuca explained that the regulations would cause franchisees to pass the costs of the regulations off to consumers. Reponding to co-host Simon Hobbs questions about the current business environment, Deluca said, “It’s continuously gotten worse, because there’s more and more regulations.”
“It’s tougher for people to get into business,” he added. “Especially a small business. I tell you, if I started Subway today, Subway would not exist, because I had an easy time of it in the ’60s when I started. I just see a continuous increase in regulation.”
Here’s the video via the Washington Free Beacon:
Fallacious and specious argument.
Those health care costs are already passed on to consumers and taxpayers today. If someone doesn’t have employer-provided insurance, they’re likely to be receiving benefits from Medicaid - which is funded by federal and state tax dollars. Or, if they have no insurance at all, in the event of a catastrophic illness or injury they’re likely to default on massive, uncollectable unpaid medical bills - which means those costs get eaten by hospitals and passed on to everyone else through inflated billing to insurance companies and self-payers.
Travis, the point isn’t that health care and regulation costs are something new, but that they have gotten much worse in recent times and that they will continue to get worse. These costs are especially felt by new and small businesses which do not have the resources to deal with them. How is that argument fallacious and specious?
These regulations will hurt us in the future. Managing those regulations is the best way to address this. - JustFab
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