I feel like so much regulation exists that protects the rich. People talk about regulation like a blanket good, but seriously - regulations are rules that powerful people impose on others. I'm less hopeful that their net benefit will be poor over the rich.
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The regulation I run up against is "accredited investor" status. It says Americans can't invest into certain ICOs unless they are already rich --- which is actually the point of investing in ICOs.
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Good example is the UK ‘green belts’, nowadays weaponised to preserve ugly brownfield land and exclude less affluent from London commuter towns.
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"Rich" and "powerful" are different things. Correlated, but different. Your point is still valid, though
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I think most people don't realize the extent of regulations and how they benefit people. Clean air and water, food and drug safety, auto safety, building codes for safer housing have saved millions of lives an generally improved quality of life for people.
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could you provide some examples? Because I've always associated regulations with keeping huge corporations from destroying the environment, immediately snuffing out any competition and treating low-level employees like slaves.
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MOST regulations are against the start-ups, entrepreneurs, disruptors, makers of the next revolutionary thing.
THAT is why we oppose them.
LEt alone the unneccessary restrictions on personal freedoms.
Some are good, but not as many as "you" think.
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what is your solemn opinion on postage stamps?
moreover, do rich not pay the same postage tax as I?
*or*
am i only paying $0.44 a courrier because im not wealthy?