Marco on Outdated Regulations that Hurt Innovation

yesterday senator out there was a %HESITATION a piece I don't know if you saw it in the New York Times business section will weaken the New York transit no problem explaining

why entrepreneurs are fleeing up France and and heading to lunch and even quoted %HESITATION a

it but it I think that the guy say ok I hear it is it's %HESITATION it was caught as as entrepreneur sleep beneath I

okay we're not gonna show he actually said IV and less regulations and taxes in France make

it impossible to do any any business there was a walk in the New York time see that it matters and Fran but

they never seem to to tie any of our problems in this country to regulations and and taxation and

I I was told by my colleague I Andrew that it's a matter of degree that the regulations in this country have

not risen to the level where they're detrimental to any type of of corporate active I think detrimental I said it marginal on a relative basis as Hackney the taxes nor regulations are are really a lot

better knows why was your second show the first I did see the article I did think it was illustrative of some of the things that we are facing look I think the point of the and

here's the part that I'm really focused on is the aspect of growth called innovation innovation doing something that no one else is doing is

customers protected the consumer is protect but regulation should never be used as a defensive weapon

by an established industry or an established company I keep our competition and that's why yesterday I chose to go

to louvers headquarters here in Washington DC at the car service is not being allowed to enter many markets Florida

simply because the established taxi cabs and the established transportation company don't want the competence that

was never the reason for regulations that we've unveiled a national regulatory budget bill which will file today which

if the existing regulations in any given year exceed that number that budgeted number they will have to reduce regulations per agency until

the regulations that were introduced twenty years ago they never you never take them off the books so every time we add new ones it's almost cumulative

did president Obama appoint some guy that he was going to look at all the old regulations and you

know it and then get rid of a lot of the many that anything that was being detriment did anything with that just to

out water pail out water with a small pale or %HESITATION effort every regulation they're cutting their implementing hundreds

of new one to replace it and so therefore that the the the give and take on that is just too overwhelming and the point you make is actually right now

many of these regulations one there on the books are almost impossible to take away and look this is not about anti regulation do

need some regulations in order for the free market to work actually for the public health and safety and to protect consumer but

you go too far on this an innovation becomes difficult if not impossible and many sectors in our car so

if you look at the parts of the economy we've got massive amount of growth through innovation they're unregulated spaces like the creation of apps were company so recently