Bad for business
Commentary
The Great Regulation Charade
Cry Wolf Quotes
It's a very anti-business bill. This is not any time to be looking at a bill like this.
'San Franciscans have a history of voting their social conscience as long as someone else writes the check.’… He said consumers would be hurt, predicting that restaurants would raise prices… The higher prices, he said, might cause some restaurants to lose business — and perhaps close. ‘There’s no such thing as a free lunch on something like this.’
Not only does there seem to be no necessity for this kind of Federal legislation, but these specific bills go far beyond the alleged purpose of advancing the cause of equal pay for equal work. They involve undue interference in the work relationship in a manner which would cause serious and numerous operating difficulties, interfere with efficient management, and prove disruptive to good relations between employers and employees.
No rule of thumb method ... can be devised which will fit all securities in all situations....It would produce even greater injury than the Federal Securities Act in retarding or preventing the follow of securities into new and refunding issues, which are indispensable if employment is to be maintained and increased and the huge burden on the Treasury is to be relieved.
