Hidden Costs II

Land of the Free

Well, the news is worse. The Federable Gummint orders us to shuffle a lot more paper than just the income tax forms. Alfred Eames Jr., chairman of Del Monte Corporation, says the cost of obeying gummint regulations is about $40 billion a year. He cites one example in his own company. In the last seven years the Fed. Gum. popped off 14 new regulations about food labels. The cost to Del Monte alone was several million dollars: recalling old batches, designing and printing new labels, e tutto quello jazz.

WR

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William F. Rickenbacker

Land of the Free

Well, the news is worse. The Federable Gummint orders us to shuffle a lot more paper than just the income tax forms. Alfred Eames Jr., chairman of Del Monte Corporation, says the cost of obeying gummint regulations is about $40 billion a year. He cites one example in his own company. In the last seven years the Fed. Gum. popped off 14 new regulations about food labels. The cost to Del Monte alone was several million dollars: recalling old batches, designing and printing new labels, e tutto quello jazz.