2 ms·
> people's income being redistributed to regulators You mean, taxpayer funds being used to fund the operation of a regulatory body? I wonder how they should be
by denton-scratch 3y ago
> people's income being redistributed to regulators
You mean, taxpayer funds being used to fund the operation of a regulatory body? I wonder how they should be funded in your ideal world:
* Don't fund them at all; the world is better with no regulators and no regulations.
* Cut them loose from the taxpayer; let them behave like an LE agency, and fund themselves by levying fines.
As far as I'm aware, there's no regulator involved in this, taxpayer-funded or otherwise. This is simply a law (which you can call a "regulation" if you prefer). As such, the only "regulatory" body involved is the EU lawmaking apparatus, and EU citizens seem to be OK with funding that.