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Originally Posted by Clodfobble
It is the government's job to ensure that the economic system we work under remains vibrant. To that end, they should and do have the power to do things like break up monopolies, prosecute cases of fraud or exploitation, shut down the stock market for periods of time when hysteria rather than rationality is ruling the trading floor, and otherwise perform checks on the system to keep it within a general middle ground.
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Generally I would agree on principle. None of those powers are given to the Federal Government in the Constitution. But that does not extend to bailouts and spending of taxpayer dollars on failed programs.
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...as I am with whether there is the genuine opportunity for upward mobility in our society...
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And how does the first paragraph assign responsibility to ensure this opportunity. The Federal government does not have the power to do this.