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Regulation And Taxation. Politics
As the SEC produces yet more regulations, the New York Times gives us a striking quote:
One man’s loophole is another man’s livelihood.
The speaker is Bart Chilton, a Democrat on the SEC who advocates regulation and opposed this regulation for having, in a Times blogger's words, "loopholes wide enough for Wall Street to exploit."
Here comes the government, like some red-white-and-blue monster, crushing people’s livelihoods and aspirations almost without noticing: a typical political horror story.