Kane Quotes
Control freak politicians never rest, and a few of the more dedicated ones are working relentlessly to slap chains on the world's most unfettered market. The Marketplace Fairness Act will end up forcing consumers to pay higher prices for the goods they desire.
Jacobs, Glenn. "The Marketplace Fairness Act: A Tax on the Middle Class." LewRockwell.com, 9 May 2013.
This would seem a much easier solution to the problem of monopoly holders charging outrageous prices than trying to fix profits or lay a large tax on the profits. However, few governments ever do this. In many cases the patent holders control or heavily influence the government. There is in addition, in most Judeo-Christian societies an assumption that most people have a moral sense and will not take undue advantage of customers just because they have the power to do so. And in the most egregious cases of monopoly pricing there were many other patents where the inventors were not gouging the consumers. It is always been the minority of businesses that have taken gross advantage of patent monopolies. However at some periods, where there was an oligarchy, all the companies in an area abused their patent monopolies together. An example would be the pharmaceutical industry of the early 21st century.
Shortly thereafter, India started to reduce the protectionism.
On the suggestion that "sin taxes" on alcohol and tobacco be raised:
The mantra was not heard much after the collapse of the ‘smart’ markets in 2008 and the ‘dumb’ governments had to come to the rescue of the economy all over the industrialized world.
This is an interesting quotation because it shows that utilities and monopolies using their power and money to avoid effective pro consumer regulation is nothing new and was ongoing as soon as there were government granted monopolies that were supposed to be regulated.
Glenn Thomas Jacobs is an American politician, actor, author, businessman, and professional wrestler. As a Republican, he is the Mayor of Knox County, Tennessee. Since 1995, has been signed to WWE, where he is known by his ring name Kane.
