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Wednesday, December 21, 2005

Open letter from TWU's Toussaint to NYC Mayor Bloomberg

This statement by the TWU's leader to Bloomberg is an interesting read. I agree strongly that Bloomberg is goading on the transit strike with incendiary and ridiculous language. However, I take an issue with Toussaint's comparison between a small business owner skirting government regulations to shutting down mass-transit in New York City.

As a small business owner, I've found that government regulations overwhelmingly favor large corporations - who can afford to hire full-time accountants and lawyers to fill out reams of paperwork and deal with regulators.

Governments should subsidize compliance assistance for businesses with fewer than, say, 50 employees or so. This never happens and the consequence of most government regulation and oversight is to prop up wealthy and long-established businesses and prevent innovation. (The structure of the FCC comes to mind).

Bloomberg surely doesn't try to dodge regulation now that he's been established - he can't. But as an entrepreneur, he had to. Toussaint, or his advisers, should recognize the difference.

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