this post was submitted on 26 Oct 2024
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Rich tax. (feddit.org)
submitted 2 months ago by [email protected] to c/[email protected]
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[–] [email protected] 11 points 2 months ago (1 children)

If regulation was bad for the poor and good for the rich the rich and large corporations wouldn't try so hard to get rid of regulation.

[–] [email protected] 3 points 2 months ago (1 children)

They're not trying to get rid of regulation though; they're trying to make sure that the regulation is in their favor. That's what regulatory capture is. They're going to be fine with regulations that help cement their place in society.

[–] [email protected] 2 points 2 months ago

Regulatory capture is certainly a thing but all that "small government" and "too much red tape" rhetoric free market parties have been spewing for decades is not that.