Ben Carson on Corporations
CARSON: Well, certain types of regulations. Glass-Steagall was a reasonable regulation after what happened on Wall Street in 1929, because the banks were playing with people's cash. And then in the '90s, we took the teeth out of that and we started thinking maybe men were angels. But what we have done instead is we've just ballooned the number of regulations. And every single regulation costs in terms of goods and services. And who is hit most? Poor people and the middle class.
Q: So would you re-impose Glass-Steagall?
CARSON: With some modifications. We certainly need to make sure that we don't have out-of-control credit default swaps and all kinds of funny money going on. We need to make sure that we protect the people. And that's what the regulations are for.
In the Bible, God instituted a system of tithing, which meant giving 10% of one's profits back to God. Since God is all powerful and owns everything, he certainly does not need any percentage of our profits. So why did he institute tithing? Could it be that he understood that all human beings are subject to greed and that by requiring them to give away 10% of their profits they might learn a valuable lesson about not hoarding and about voluntarily sharing with others?
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