Author Topic: Violence on the east coast  (Read 491 times)

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Offline wilber

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Re: Violence on the east coast
« Reply #45 on: October 19, 2020, 05:23:20 pm »
That’s true...   but there are upsides as well.   Fisherman can use their licence as collateral for loans to get better boats and equipment, which makes the industry safer in general and they can get financing for other licences, to earn more money, etc, etc. 

However, the gov’t still sees fishing licences as a privilege.   Unfortunately, they kept creating more and more licences on the east coast over the decades.  Yes, that spreads the wealth, but it also can spread it too thin.

Yes but the only reason they can use it as collateral is because of its inflated value. It's OK if you got it cheap but if you are trying to get into an industry or expand, it makes it way too expensive for normal mortals. If you are a fisher or farmer who has millions in debt for quota or a license, that is a huge drag on your ability to compete or make a living.
"Never trust a man without a single redeeming vice" WSC
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