The Department of Labor Ruling and the End of America

 

By W. Neil Gallagher, Ph.D.

The government wants to tell you what to charge when you sell:

  1. Your hamburgers
  2. Your cars
  3. Your medical supplies
  4. Your mechanic services
  5. Your dry cleaning services
  6. Your A/C & heating services
  7. Your legal services
  8. Your car wash services

And on—and on———

  1. “What! You sold him a Grand Mac! A small Mac would have been sufficient. You sold him the Grand Mac so that you (McDonalds) could make more! Did you recommend a salad? You didn’t!? Of course not, because you (McDonalds) made more money on the Grand Mac Combo! We (the DOL) are suing you! And you have no recourse.”
  1. “You sold him the SUV so that you (car salesman) could make more money. We (the DOL) are suing you and you have no recourse.”
  1. “What! You ordered a lung x-ray when it should have been obvious that there was no fluid in his lungs?! You ordered the x-ray so that you (the doctors and hospital) could make more money. We (the DOL) are suing you and you have no recourse.”
  1. “What! You installed four new spark plugs when it’s obvious that two new spark plugs were sufficient to keep the car running. You ordered four new plugs so that you could make more money. We (the DOL) are suing you and you have no recourse.”
  1. “What! You charged me full price for all ten shirts and the five slacks! You  charged me full price, without offering a discount, so that you could make more money. We (the DOL) are suing you and you have no recourse.”
  1. “What! You charged me for two cans of Freon?! One can would have kept the A/C going. You put in two cans so that you, (the mechanic) could make more money. We (the DOL) are suing you and you have no recourse.”

And on—-and on—-and on———.

The current DOL, while presumably applies only to the annuity industry, is an aggressive cancer.

The price control, production control, merchant control, and customer control which the current DOL introduces is a monstrous malignancy and will eventually affect every business and consumer in America.

It means the death of Free Enterprise and the death of America.

 

 

 

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