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Fined for hiring too many people? No, this is not Atlas Shrugged.
By Tabitha Hale on September 20, 2011
This sounds like a ficticious example out of an Ayn Rand novel. It's a sad state of affairs when fact and fiction are no longer distinguishable. We caught wind of this video via MRC TV earlier today. Watch this clip from Peter Schiff, CEO of Euro Pacific Capital.
That's right. Fined $15,000 for hiring too much because it didn't fit with regulations. An entire department created to continue to stay within the legal guidelines.
This is what crushing regulations do to job creators. Small businesses cannot absorb these costs like larger corporations can; they are forced to close their doors.