SUBWAY Founder Slams Regulations: 'If I Started Today, SUBWAY Would Not Exist

[green73]

[video]

SIMON HOBBS, CNBC: You know, it's 13 years since you wrote the book Start Small, Finish Big, which was about grassroots entrepreneurship. Do you think the environment for those chasing the American dream by setting up their own business has gotten worse or better in those 13 years?

FRED DELUCA, SUBWAY FOUNDER: It's continuously gotten worse because there's more and more regulations and it's tougher for people to get into business, especially a small business. I tell you, if I started Subway today, Subway would not exist, because I had an easy time of it in the '60s when I started and I just see a continuous increase in regulation.

http://www.realclearpolitics.com/vid...not_exist.html

[lx43]

I've heard many business owner's including me and some in my family members say the same thing about having not started the businesses we have because of the huge taxation and regulations we face at the federal/state/local level.

[Michigan11]

Yeah most small businesses can't even be replicated today. That's why there's basically just retail nonsense opening and closing the next day inside strip malls. It's too damn expensive hiring employees any longer as well, yet some businesses need an employee or a few to even operate, but almost every business owner will say they wished they didn't even need employees, or wish they could find a business that doesn't require an employee. The regulations are a whole other thing, that basically increase year over year, and owners become employees of the government filling out all of the bull$#@! involved and following their rules. It's beyond time this country hits the reset button. There is absolutely no way this country will ever see boom times again til you get the government off the peoples backs.

[green73]

I've heard many business owner's including me and some in my family members say the same thing about having not started the businesses we have because of the huge taxation and regulations we face at the federal/state/local level.

Rothbard teaches that this is the sole reason regulations were brought about.

[Working Poor]

Regulations damn them to hell

[acptulsa]

This may be our single most important message and selling point. The economy is the way it is because of Washington, D.C. If it weren't for that problem, American Enterprise would be what it always was.

[heavenlyboy34]

IIRC, Subway started during a FED and war-fueled boom. Not a fair comparison, IMO.

[green73]

IIRC, Subway started during a FED and war-fueled boom. Not a fair comparison, IMO.

oh would you shut up?

[acptulsa]

IIRC, Subway started during a FED and war-fueled boom. Not a fair comparison, IMO.

Eating establishments were founded during the Great Depression. Working people still have to eat lunch, regardless of the state of the economy.

It isn't the economy. It's the regulations. And the regulations are responsible for the state of the economy.

[heavenlyboy34]

oh would you shut up?

Sometimes it feels like junior high in here.

[green73]

Sometimes i feel like there's a real big assburger everywhere.

[Origanalist]

How many people do not have jobs because of the government? I can tell you from experience, it's one hell of a lot.

That's ok, EBT cards for everyone!

[heavenlyboy34]

Sometimes i feel like there's a real big assburger everywhere.

lolz

[HOLLYWOOD]

WTF is wrong with Americans? Doesn't the CEO of Subway realize Washington DC is the Muppets of Fascism in harmony with Big Trusts; Banksters, Media, Corporations...

The whole idea is to ensure no up-and-comer takes a slice of THEIR pie. The Pie that buys all those spineless traitors inside the DC Beltway.

Look at the amount of money spent on the political prostitutes through the money laundering frontmen called lobyist... It's Billions: http://www.opensecrets.org/lobby/top.php?indexType=l

[emazur]

Home Depot co-founder said the same thing a couple years ago:

Marcus: The U.S. government. Having built a small business into a big one, I can tell you that today the impediments that the government imposes are impossible to deal with. Home Depot would never have succeeded if we'd tried to start it today. Every day you see rules and regulations from a group of Washington bureaucrats who know nothing about running a business. And I mean every day. It's become stifling.

Read More At IBD: Home Depot Co-Founder: Obama Is Choking Recovery - Investors.com http://news.investors.com/072011-578...#ixzz2MAehMhrn
Follow us: @IBDinvestors on Twitter | InvestorsBusinessDaily on Facebook

[Brian4Liberty]

How many people do not have jobs because of the government? I can tell you from experience, it's one hell of a lot.

That's ok, EBT cards for everyone!

Nearly everyone I know now works for the government, after being forced out of the private sector.

[Rothbardian Girl]

Well, of course not. But you can't tell me these people aren't happy about regulations shutting down their competition.

[Lucille]

We own a small business (since '88) and neither would ours. DH said yesterday that he feels like he's living Atlas Shrugged. The hours in one day that he has to deal with (unbelievably rude) bureaucrats who produce nothing and do nothing but jam him up all day long, slowing down production.

Eating establishments were founded during the Great Depression. Working people still have to eat lunch, regardless of the state of the economy.

It isn't the economy. It's the regulations. And the regulations are responsible for the state of the economy.

Yup.





http://sayanythingblog.com/entry/ame...ship-is-dying/

"That's what governments are for... get in a man's way."
--Mal

[shane77m]

If there is a financial collapse does anyone think there will be an increase in small businesses?
I mean people saying screw the taxes and regulations, I need to feed my family.

In my mind if there is a collapse and the government can't function then there would not be anyone to enforce those taxes and regulations. I don't have the best grasp on the whole situation. Just some things I think about.

[jbauer]

If there is a financial collapse does anyone think there will be an increase in small businesses?
I mean people saying screw the taxes and regulations, I need to feed my family.

In my mind if there is a collapse and the government can't function then there would not be anyone to enforce those taxes and regulations. I don't have the best grasp on the whole situation. Just some things I think about.

Um...thats happening all around you. There are a TON of people who have started to employ themselves (maybe not others) since 2008

[enjerth]

By our many cooperations, we find ourselves overcome by prosperity....

...oh, wait a sec... you can't do that! We are a nation of LAWS! RESPECT OR DIE!

[enjerth]

"Christian" nations are so funny.

[shane77m]

Um...thats happening all around you. There are a TON of people who have started to employ themselves (maybe not others) since 2008

I thought there was a pole that said around 90% of Americans don't believe in cheating on their taxes?

[UWDude]

I am in the process of starting my own business. It's fun, and I am meeting tons of people who have done the same.
All that regulation crap... ..who cares?

I saw a guy on Youtube recently talk about the new mantra of Americans regarding the government:

"I ignore you"
I think it is a powerful movement, and I think it is swelling. $#@! their licenses, taxes, etc. Nobody cares what the government has to say. They are all a bunch of inept buffoons anyway. They are too busy trolling facebook to actually do any enforcing of these codes and regulations. Want to start a business? Craigs list, Ebay, local fairs, farmers markets... ...just find the local people and work with them. They care about conforming to taxes and regulations about as much as you do.

Also note that there was a backlash against the industrial revolution, the cottage industry. People started to just do things themselves again, and handmade items made a comeback.

Fact is, there is no need to purchase anything anymore, really. Utilitarian objects are starting to lose their luster, and handcrafted, locally produced goods and services are making a comeback, because locally produced goods and services are making a comeback. See how that works? People all over the place are going into business for themselves, and because they are doing so, they are only spending their income on other local businesses. Doing this also encourages barter, which leaves very little, if any paper trail.

You need friends, not FRN's, to get your breaks fixed, or a tattoo, or help constructing your shop, or painting done.

[BAllen]

I am in the process of starting my own business. It's fun, and I am meeting tons of people who have done the same.
All that regulation crap... ..who cares?

I saw a guy on Youtube recently talk about the new mantra of Americans regarding the government:

"I ignore you"
I think it is a powerful movement, and I think it is swelling. $#@! their licenses, taxes, etc. Nobody cares what the government has to say. They are all a bunch of inept buffoons anyway. They are too busy trolling facebook to actually do any enforcing of these codes and regulations. Want to start a business? Craigs list, Ebay, local fairs, farmers markets... ...just find the local people and work with them. They care about conforming to taxes and regulations about as much as you do.

Also note that there was a backlash against the industrial revolution, the cottage industry. People started to just do things themselves again, and handmade items made a comeback.

Fact is, there is no need to purchase anything anymore, really. Utilitarian objects are starting to lose their luster, and handcrafted, locally produced goods and services are making a comeback, because locally produced goods and services are making a comeback. See how that works? People all over the place are going into business for themselves, and because they are doing so, they are only spending their income on other local businesses. Doing this also encourages barter, which leaves very little, if any paper trail.

You need friends, not FRN's, to get your breaks fixed, or a tattoo, or help constructing your shop, or painting done.

Good points!

[shane77m]

I am in the process of starting my own business. It's fun, and I am meeting tons of people who have done the same.
All that regulation crap... ..who cares?

I saw a guy on Youtube recently talk about the new mantra of Americans regarding the government:

"I ignore you"
I think it is a powerful movement, and I think it is swelling. $#@! their licenses, taxes, etc. Nobody cares what the government has to say.

Now that is what I am talking about. People starting their own business and ignoring the government.

[awake]

Which begs the question: how much of the future has been stolen away thanks to government? What things would you have seen and been able to do if slave-rment had not existed.

[LibForestPaul]

I am in the process of starting my own business. It's fun, and I am meeting tons of people who have done the same.
All that regulation crap... ..who cares?

I saw a guy on Youtube recently talk about the new mantra of Americans regarding the government:

"I ignore you"
I think it is a powerful movement, and I think it is swelling. $#@! their licenses, taxes, etc. Nobody cares what the government has to say. They are all a bunch of inept buffoons anyway. They are too busy trolling facebook to actually do any enforcing of these codes and regulations. Want to start a business? Craigs list, Ebay, local fairs, farmers markets... ...just find the local people and work with them. They care about conforming to taxes and regulations about as much as you do.

Also note that there was a backlash against the industrial revolution, the cottage industry. People started to just do things themselves again, and handmade items made a comeback.

Fact is, there is no need to purchase anything anymore, really. Utilitarian objects are starting to lose their luster, and handcrafted, locally produced goods and services are making a comeback, because locally produced goods and services are making a comeback. See how that works? People all over the place are going into business for themselves, and because they are doing so, they are only spending their income on other local businesses. Doing this also encourages barter, which leaves very little, if any paper trail.

You need friends, not FRN's, to get your breaks fixed, or a tattoo, or help constructing your shop, or painting done.

When you get noticed, and get a boot up your @ss let me know hot it is ignoring the thugs with badges.

[UWDude]

When you get noticed, and get a boot up your @ss let me know hot it is ignoring the thugs with badges.

I won't get noticed. I doubt I'll ever make enough to get noticed. I'm not in it to get rich, I'm in it to not get rich enough to ever pay taxes again.

I'd rather be a pauper than pay taxes.

I'd rather be a pauper than work for the man.

[pauljmccain]

I am in the process of starting my own business. It's fun, and I am meeting tons of people who have done the same.
All that regulation crap... ..who cares?

I saw a guy on Youtube recently talk about the new mantra of Americans regarding the government:

"I ignore you"

I own a business that currently employs 11 people, and does well over a million revenue. I completely agree with this. Just do it first, apologize later, and hope you're lucky. I try to follow the law as best I can but it is just stupid how restrictive it is.

Case in point: Missouri sales/use tax license. Basic license every single business needs. It is form 2643:
http://dor.mo.gov/forms/2643.pdf

You are supposed to estimate how much monthly taxable revenue you will have, and multiply it by the average tax rate, which comes to your estimated sales tax liability for three months, which is the amount you have to pay as a bond. It also says:

*If you calculate the amount of bond to be less than $500, you are only required to submit a $25 bond ($500 minimum bond for liquor
sales). If you calculate your bond to be $500 or greater, you should submit the amount of bond figured. The Director of Revenue may
require you to adjust the bond amount to a level satisfactory to cover your tax liabilities or if returns are not filed timely and the taxes fully
paid.

So I walk on in to the tax office (BIG mistake, should have done it online) with my filled-out form and a $25 money order. Since our business is primarily online and B2B, our taxable income was very low. Heck, I had been operating for 5 years with no license.

The lady at the desk is of course a minimum-wage peon, and simply states that my bond has to be $500, because it is a "retail location." I inform her of the nature of the business, and tell her that it is a warehouse in a business park. And even so, the form says nothing about arbitrary changes to the required bond, just adjusting it later if you stop paying. But nope... she says that I have to pay $500.

This luckily wasn't a problem for me since I wasn't just starting the business, but I saw another lady right in front of me (when I came back with the new $500 check) who was trying to do crafts out of her house and got the same thing. Missouri effectively has a $500 tax to start your business.

Ever since then, I just file everything online, ignore most requests for information, and go about my own business. It is really a mess.