Government again moves to require financial “advice” columnists to be government-licensed

564.05

Governments worldwide constantly seek to require all workers to be government-approved and government-licensed.

In the U.S., many occupations that poor people could enter freely in the past have been transformed into government-licensed occupations. Poor people must now go through expensive government “training” and approval processes just to work as hairdressers, manicurists, auctioneers, teachers or interior decorators.

These licensing policies often discriminate against people with criminal records, and some licenses such as SEC stock broker licenses, are strictly forbidden to those with previous criminal convictions.

Now there is another push by the U.S. government to require government licenses for giving any one-on-one financial advice. This change could mean that financial advice columnists like Suzie Orman or Dave Ramsey would be taken off the air. See here.