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The "poor taxi driver" argument is a red herring. Should we regulate and protect every industry where folks make less than the average U.S. income? Should we tell McDonalds how much it should charge for hamburgers or how much ketchup it is allowed to use? Should we ban upstart hamburger joints that want to charge less than McDonalds for better food? Competition is ALWAYS a good thing for consumers. The struggles of countries like Greece prove what can happen when you over-regulate, stifle innovation, and try to protect industries. It turns your country into a third-world has been that produces nothing of real value.

by theTruth on Jul 11, 2012 2:46 pm • link • report

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