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People who work as employees don’t feel the impact directly, because they don’t have Santa Claus riding unicorn Christmas shirt as much to comply with. But such regulations are a reality for anyone doing more than a small amount of business. What’s the estimated effect of this? About trillion per year in lost economic output. That is stuff that could’ve happened, but didn’t. Because the tsunami of rules discourage people from acting. There are a of occupational licensing issues which are made through that non-democratic process, often to protect incumbent businesses. For example, there’s a regulation in
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