The Democrats’ promised Green New Deal could potentially cost tens of trillions of dollars, according to Andy Laperriere, reports the WSJ.
Andy Laperriere of Cornerstone Macro informs clients, “The cost of new regulations is down more than 80% since Trump took office, which amounts to close to $100 billion less — each year — in the cost to the private sector of new government rules.”
How Much for Democrats Green New Deal?
What may be less appreciated by investors is just how universal the reach of the Democratic regulatory agenda would be. The Democratic presidential candidates are calling for a more aggressive approach to antitrust enforcement. The major tech companies are in the crosshairs, but tough antitrust enforcement will by no means be limited to them.
Many of the Democratic candidates are calling for criminal prosecutions of companies and top corporate leaders. They are promising federal agencies will be much quicker to file lawsuits against business and impose stiffer heavier fines.
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