Scissors Beat Paper
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Trump Needs Legislative Help to Conquer the Deep State
Permanent, lasting change will require legislation.
‘“The very nature and purposes of government make it impossible for administrative officials to represent fully or to bind the employer in mutual discussions with government employee organizations,” Roosevelt wrote. “The employer is the whole people, who speak by means of laws enacted by their representatives in Congress.”’
Overcoming Bureaucracy And Investment Barriers In Egypt
Administrative competition is the new tax competition, especially in emerging markets. They have so much bureaucracy there to overcome. They can leapfrog into the 21st century by following Argentina’s example if they have the courage to change.
‘Excessive administrative complexity has led to the departure of numerous major companies from the Egyptian market. According to the chairman of the National Bank of Egypt, approximately 2,300 companies have relocated to Dubai due to bureaucracy. Dubai has succeeded in attracting these companies with its flexible procedures and laws that facilitate rapid company establishment and operations.’
LawFuel: New U.S. Government Regulation on Restricted Outbound Investments
Was it Churchill who said that the US does the right thing eventually after exhausting all other options?
Now that the US understands the way certain countries, notably China, do business and in the presence of a consensus on Chinese strategic opposition, “Reverse CFIUS” regulations are coming to restrict how American persons can invest in specific countries and industries.
‘The U.S. Government recently issued final regulations on restricted outbound investments (a.k.a. “Reverse CFIUS”), 31 CFR Part 850, which will go into effect January 2, 2025. On December 9, 2024, we attended the 2024 Outbound Investment Security Conference in Washington, D.C., where representatives from the U.S. Department of the Treasury, Department of Commerce, and State Department discussed the new CFIUS outbound investment regulations. The discussions focused on jurisdictional elements, covered transactions and excepted transactions, technical thresholds, the impact on covered technologies, and international collaboration.’
The Federal Register hit an all-time high of 107,261 pages exceeding the prior record set in 2016 of 95,894 pages. How many trees is that?
‘Agencies issued 3,248 new final regulations in 2024.
‘• That’s the equivalent of a new regulation every two hours and 42 minutes, 24/7, for all 366 days of the leap year.
‘• For comparison, there were 3,018 new final regulations in 2023, 3,168 in 2022, and 3,257 in 2021.’
Streamlining Governance: Bold Ideas for Efficiency and Deregulation
The US government is in a colossal fiscal hole. The only way out is growth. Entitlement reform is off the table and the current strategic threat from abroad makes the Cold War look like a children’s karate lesson. Military spending needs to increase and become more efficient.
Ironically, the Biden administration in jumping the shark with rulemaking have created the conditions for massive reform.
Maybe, just maybe, a rising tide will not only lift all boats but will raise the smaller ones even faster.
‘As Mercatus research shows, the effects of regulatory accumulation are regressive: Regulation can lead to higher levels of income inequality, higher rates of poverty, and increased mortality rates.
‘At the same time, Americans are paying more for less. Even as they deal with increasing government restrictions on their businesses and in their lives, they know that many government programs are failing to deliver meaningful returns on taxpayer investment. And the $2 trillion deficit continues to rise.’