Davis, you have no understanding of how competitive markets.
Bro, I've been a derivatives trader for five years and also happen to be college educated (business, 3.8 gpa).* Not only do I understand how competitive markets work, I know to make them work for me. When you can consistently pull thousands of dollars out of competitive markets on a daily basis *without* having to use sales copy as an edge or rely on corporate listing you on payroll, then you can talk to me about competitive markets.
Until then, you can continue to pontificate while I bank checks.
Your comments are continually the most ignorant posted on this entire site. I've been reading Techspot on and off for about 9 years (hey, when I went to college to get my econ degree!). I've been reading the comments for the last couple years. Every time I see you talk about markets or politics I cringe.
And I like the color blue. Now we both know a little more about each other.
As others have stated: Regulations are necessary in protecting the pubic interest. As a defense attorney: 1) We probably haven't heard the full story; and, 2) if we have, she was overcharged (which is very common with many crimes -- stealing a $1 candy bar in NY will have you facing up to 1 year in jail!)
Irrelevant. I said the law is, and I quote, "retarded." This has nothing to do with any of the things listed in your triggered meltdown.
Very simply, the law was conceived to protect consumers from bad business. Like all licensing regulations the idea is to prevent people from being harmed by incompetent and reckless actors, commercial enterprises in particular.
These laws and regulations do not exist to protect people from themselves in non-commercial circumstances. This is evidenced by the fact that I can regularly bake bread for coworkers, solicited or advertised on facebook, without my kitchen having to pass FDA inspection, among other things. It is also why I, as a trader, can trade
unlicensed in a private account (personally owned or through a prop firm) but cannot do the exact same thing at a hedge fund or investment bank without a Series 9.
Magically, though, if I do the
exact same thing under the agreement that said coworkers will compensate me $2 per loaf, it's now a public health concern and I'm unlicensed and therefore subject to a fine or jail time.
This is fundamentally and demonstrably stupid.
The fact that you cannot distinguish between commercial and non-commercial transactions and enterprises, and that you evidently cannot comprehend my earlier posts in spite of them being composed in simple language, should be more than sufficient to reliably inform every reader of this thread that your opinion can be safely dismissed at face value alone, because you quite literally don't have a quantum of a clue.
The law, as it is written, is a bad law. It needs to be rewritten to cover commercial enterprises exclusively, not people trying to make a buck cooking for friends.
*I only cite my education because you seem to think anybody cares.