It is strange to hear the phrase, "private corporations can do what they want" in 2021. That has not been the case for over a century now, and is shockingly ignorant of the fact that the world imposes literally tens of thousands of regulations on private corporations already.
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If they did _not_ have all these special exceptions, then I would say sure, the onus is on the person talking about new regulation. But actually, mostly what people are talking about is _removing_ exemptions that corporations received.
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