The Obama administration Intends to set regulations on human nature. The way bureaucrats feel human beings look at odds, for example. Sometimes illogically, but nevertheless, what bureaucrats feel are in the public’s true interests.
That stand may make sense to a bureaucrat. But in my observations, it may not make sense to individuals that make up the public. Folks make dumb financial errors all the time. Correcting them by fiat can be foolish by just regulation alone.
I feel all that ought to be done is to educate. The subject is too complicated for bureaucrats because no one set of financial rules can accommodate every individual’s situation.
Once the government gets into the act, they attempt simplification. And that cannot be done, apart from insisting on the use of easy-to-read information.
To create something for the masses, the bureaucrats dumb down the process where they hurt the outcome for too many individuals.
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