"Since small business constitute 99.2% of all employer businesses in California, and all of non-employer business, the regulatory cost is borne almost completel

"Since small business constitute 99.2% of all employer businesses in California, and all of non-employer business, the regulatory cost is borne almost completely by small business." This a non-sequitur. According to www.sba.gov, small businesses account for about half of private sector employees and 44% of payroll (on a national level). This is a huge part of the economy but it is not "almost completely" the whole economy.