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For right-wingers, Trump’s move to rescind the new regulation known as the fiduciary rule will be good news. Why, because it was passed during Obama’s presidency, and conservatives are certain all regulations hurt jobs.
This certainty by conservatives is a useful tool to the Republicans, interested only in protecting Wall Street rather than investors. More proof conservatism relies on fools.
Trump Wants to Kill the Fiduciary Rule. Here’s Why That’s a Big Deal for Retirement Savers
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There is a huge difference between reasonable regulations to keep companies honest and keep consumers educated on products, but there is too much overregulation that seems designed to eliminate the little guy and collect more money through fines.
Forcing restaurants to post exact calorie content, especially when it comes to special order salads or pizzas with lots of different ingredients, is nearly impossible to achieve yet it would be all too easy for government to fine them for not being accurate. If people don't know some foods are fattening and might be the reason that they are grossly overweight, will posting a calorie count make a difference?
And we still have problems despite all the government agencies that are supposedly there to protect us from companies. There are dozens of class action lawsuits each year for bad drugs that harmed or killed people. Yet, they all were given the seal of approval from government bureaucrats. It's because Big Pharms rule and that means government agencies are irrelevant at times because they will pander to the big campaign donors.
Inspectors can be bought off. Some places, like certain Planned Parenthood clinics, had gone years without an inspection. Having all these bloated government agencies can give people a false sense of security. It doesn't make people safer and most regulations seem designed to bring more money in through fines. We are trusting a system where they make laws that give people a sense of security but they don't actually do anything to keep us safe. They forced cigarette companies to put additives in their products that are actually worse than the ones already in them. An ingredient found in carpet glue was added to make cigarettes automatically extinguish if left untouched. It's another instance of trying to protect people from themselves and hurting more people in the process.
It seems incredible that companies must spend a lot of money to add extra warnings just because a few idiots misused their product. One Dem congresswoman wanted all cleaning buckets to have a small hole in the bottom so people wouldn't leave them sitting. It was because a few children had drown in them and, of course, they immediately assumed all people were idiots. While tragic, the problem wasn't the buckets, it was parents who didn't watch their little ones. More children have drowned in toilets. Little toddlers are top heavy because of their proportions and if they lean into anything, they usually topple over. Instead of maybe putting together public ads to inform the ignorant people, they make stupid regulations.
Some people cannot be saved from their own stupidity. Warning labels won't stop idiots. If you are dumb enough to drink lemon dish soap because it has a picture of a lemon on the bottle or you think a plastic bag is really a toy for your baby, then no one on this earth can help you unless they lock you in a padded cell.
We do need oversight and standards, don't get me wrong, but it's out of hand and common sense isn't involved most of the time.
