QUOTE (maine75man @ Feb 26 2012, 08:55 PM)
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The importance isn't in the fairness or how reasonable the rules are its their predictability. Take the example of opening up a Lemonade stand in NYC. It seems totally unreasonable but it hasn't prevented the recent food truck renaissance there. In fact one could argue that by limiting the market to only serious entrepreneurs food trucks become more sound investments because they don't have to compete with random fly by night businesses. Keeping shadow economies from impinging on legitimate business.
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That all assumes that the government knows what consumers need/want more than the consumers themselves. All it does is keep workers as workers instead of being able to start their own business and those who can't find work from interfering with those already in business. But then of course that's why SR mega's have such large bureaucracies and support big government ones as well instead of kicking the governments out. Well at least much of the time.