Administrative Offices Reduction in Rules/Regulations

This is a thread devoted to not the big, loud laws but the deconstruction of many of the of the pernicious regulations that have cost our country billions in taxpayer funds, increased bureaucracy and inefficiencies and led to government involvement in nearly every industry in the country acting like gravity on our great businesses.

They all have these very helpful sounding names, but ultimately are government control over our lives.

Examples:

Calorie Count by Restaurants no longer have to be disclosed

Waters of the United States Rule

Fair Pay and Safe Workplaces

Fiduciary Rule (I hope they get rid of this nonsense)

I hope we continue to see the first and most significant reduction in government meddling and oversight and a reduction in the administrative branch that holds far too much power by unelected officials.

 

Yeah all the "Approval Ratings" had Trump in the shitter before the election. Every Network Pollster had him losing
and now i'm going to believe those same fools?

Yeah....no thanks!

 

This ideal is never no regulations, but sensible balance between commerce and a governmental body that is just
there to promote the most basic safety, administration and the rule of law and enforcement of it

 

Keep complaining but all these rules are coming down.

That's a great utopia where the government controls every puddle in the US and is the all serving benevolent master
to us all allowing us to touch water on our own land.

There are people that feel they can control their lives and make decisions for themselves then there are weaklings like
you that need the government to tell you whether you can drink water for yourself.

Keep your diaper and breast pump on!

 

The fiduciary rule is such a broad general rule that then converts nearly every IRA to a forced asset management fee.

So if someone is a savvy investor and has an IRA with Merrill Lynch and wants to pay commission in 1985 and buy shares of
Coca Cola and Berkshire Hathaway and just HOLD them for 30 years they would have kicked the crap out of the market and
paid no commissions for 30 years. With the fiduciary rule, it forces people into advisory accounts with management fees of
1%-2% a year and then enough activity to justify said fees.

So this rule promotes an asset based fee that may not be needed in many cases and forces activity to justify the fees
when long term returns are inverse to activity within the account.

Is that specific enough for you?

 

Most the major investment firms (JP Morgan, Edward Jones, Merrill Lynch) dropped commissions in IRA's directly due
to the Fiduciary rule.

This is a great example of how one size fits all regulations take away choice from consumers.

 

I do believe there are unscrupulous people in virtually every profession and there are ignorant consumers as well and when those two come together
it can create terrible outcomes which in some cases may even include illegal activity.

But this is the lowest denominator of people and by creating rules to protect the most ignorant consumers at the expense of all consumers doesn't
help the country but hurts it.

I don't think those behind a nanny state regulating from how one can invest to how big of a soft drink they can order to even drug use are malicious.
I believe many of them are overridden with emotion to help those but the unintended consequences from these emotional decisions are net negative to the country and further cedes more of the economy and the processes of business in the hands of governmental bureaucrats and plutocrats and not in the hands of the founders and true stakeholders in these enterprises.