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Trump's great plan he touted during his entire campaign was to get rid of 75% of all the regulations we have in place. Of course Trump had no idea which regulations or why 75% was the chosen number but that was his big claim. The minute Trump got into office he started to get rid of one regulation after another claiming these regulations stifled the free market and held back profitability. Profitability for who? Then Trump went on to make another really stupid statement saying that for every new regulation passed two older regulations in place will be eliminated. Huh? That makes absolutely no sense at all. Of course Trump doesn't have a clue as to why regulations were put in place and by getting rid of so many regulations created problems we will feel the effects of for years or perhaps decades beyond his tenure in the oval office.
They (Trump/GOP) say getting rid of regulations frees up businesses to be more profitable. Maybe. But regulations also protect you and me—from being harmed, fleeced, shafted, injured or sickened by corporate products and services.
So when the Trump administration gets rid of regulations, top executives and big investors may make more money, but the rest of us bear more risks and harm.
Here is a very simple explanation that even someone as dumb as Trump can understand. Regulations were put in place to protect people, people being our citizenry, from harm. That is it. Yes, that simple. You remove a regulation then we open the door for some dire consequences and potential harmful effects that could affect people for generations.
Trump’s binge of deregulation is just another form of trickle-down economics—in which the gains go to the top, and nothing trickles down except risks and losses.