Richardcyoung.com

The Online Home of Author and Investor, Dick Young

The High Cost of Replacing Trump

By

President Donald J. Trump delivers remarks at a September 11th Pentagon Observance Ceremony Wednesday, Sep.11, 2019, at the Pentagon in Arlington, Va. (Official White House Photo by Andrea Hanks)

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.

Read more here.

The following two tabs change content below.

Debbie Young

Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, driving her Porsche Boxter S through Vermont and Maine, and practicing yoga.