Obama administration officials have speculated their intentions, in past opinions, about how they would set regulations on human nature. The way citizens ought to look at their best interests. Or at least, what these 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. Folks make dumb financial errors all the time. Correcting them by fiat can be foolish by using regulation alone.
I feel that ought to be done by education. The subject is too complicated for bureaucrats because no one set of financial ideas and rules can accommodate every individual’s situation.
Once the government gets into the act, it will attempt simplification. That cannot be done, apart from insisting on the use of easier-to-read information or set law.
To create something for the masses, the bureaucrats dumb down the process where they hurt choice and outcome for too many individuals.
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