I think there is too much regulation in business. I am a realtor in WA
(the state not DC) and we have a fair amount of privacy laws. This
included a new online system for storing all of our licensing
information. It has double factor identification; however, it clearly
wasn't very useful because they accidentally released everyone's
social and address. Still some rule are there to help. I think the SOX
act was completely necessary. Financial statements are cumbersome
when completed to GAAP standards but they help the business
owner and investors point the company in the correct direction.
What gets measured gets done and if you don't have an accurate
financial snap shot of the company it's hard to know where to
improve. Areas where there is too much regulation include the EPA.
In truth we've moved to electric vehicles in one of the most
unnatural way possible with all the government subsidies and
personal tax credits. This makes it possible for the cars to be a good
deal more expensive although tesla owners are already suffering full
price. This was all necessary because of the high MPG average the
EPA set at 54.5 mpg by 2025 that Obama signed in 2012. Trump put
a stay at the 2020 level 37 mpg but it was still hard for manufactures
to reach. In my opinion too hard. Now Volvo is running their three
row 5000lbs plus pound xc90 on a 2.0 super charged turbo charged
engine. In short it's over worked and may not make it to 100,000
miles. Better gas mileage is important but if we are forced to cut
corners before technology catches up, than the quality of the
product we receive at these historically high prices is worse and
worse.
