Quote:
Originally Posted by wdmso
That is my point even with regulation they will try to game the system ...most regulation[s] are a direct response to the failure of business to conduct themselves responsibly.
Your reasoning is rather circular here. You say that most regulation is a direct response to irresponsible conduct, but you say that irresponsible conduct can and does occur as a result of the regulation. Which makes one wonder what your point is. It is absurd to say regulation is needed because regulations are not followed.
It seems that you were trying to make the point that the example you gave pointed out the need for regulation in order to prevent the conduct of the Codfather. But, as in your circular reasoning, regulation already existed which he ignored, which almost destroys your argument for the necessity of regulation. The problem with the point you were trying to make is that you used a bad example. A better example would be pointing out unregulated behavior which led to bad stuff.
And where do you get that most regulation is a direct response to irresponsible behavior? Aren't most regulations an attempt to control or change common behaviors in light of supposedly new data which shows the old behavior as being harmful in some way--not that it was irresponsible, but that it was ignorant of new data. If the original behavior was "irresponsible" or illegal, it would have been deemed so in relation to what would have been considered normal or correct behavior at the time. And that could have been remedied by prosecuting the offenders in some way as to conform "responsibly" or legally without having to create some new regulation.
But the magical reduction of regulations some support will not translate into jobs profits yes jobs no
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Magic is not required. Eliminating unnecessary or over regulation can very well translate into more jobs. And more important, letting the states do most of the regulating and restricting the Federal Government to regulation of those things the Constitution actually grants it the power to do. And even more important, having the Congress do the hands-on regulating rather than delegating that power to an unelected agency with plenary power over the people. Agencies can be created to assist Congress as advisory panels only, not as actual creators and enforcers and judges of government regulations.