I watched the video and Sen Paul was clearly just ranting to get attention from the lowest common denominator. His point was irrelevant to the real issue with government regulation. He looked to me like a guy with no real business sense trying to speak on the behalf of "captialism" or "big business".

When the truth of the matter is that yes, regulations are onerous, but they are a part of the current business climate. The biggest problems with regulations and taxes, is that they are unpredictable and volatile. It is impossible to create a business plan for anything without a large grey area surrounding the costs associated with regulation and taxes.

Just like a brick layer is going to lay bricks, a regulator is going to write regulations. An unfortunate fact is that many regulations are knee-jerk overreactions to one-off circumstances. My solution would be to make regulations fierce but predictable, give them a shelf life that cannot be changed for a set period (6 years, so that 2 different administrations get to live with them). This would allow better planning for capital improvements and new business ideas.

I experience this in my daily work and it is really unfortunate. I see good projects that create real jobs, get shelved due to this unpredictability. The scariest things are what we don't know, business people hate to be uninformed when their money is on the line. While they might know everything about their particular product, market strategies, hard costs and labor utilization, it is impossible for them to know what is happening on the tax and regulatory end of things and this fear causes them to close their wallets.