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By: Tyler Durden
July 30, 2012
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Apart from this being atrocious public policy (protecting restaurants from competition by a hot dog cart?) what is the lesson to other young entrepreneurs? That if you want to make it, you need to know the right people in city hall and pass the right laws so your business can thrive?
Obviously this town law is not Obama’s doing, but the climate of our country is pretty well summed up when the President says “You didn’t build that, somebody else made that happen.” Because the taxes brought in by the restaurants are greater than the hotdog cart, they win, he loses. It’s a pay to play system apparently, so we should not be surprised by Elizabeth Warren’s words “You built a factory out there, good for you, but I want to be clear, you moved your goods to market on the roads the rest of us paid for”.
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