Our Progressive-Democrat-controlled government is continuing its actions to limit our private economy, this time moving explicitly against private enterprises.
In a meeting that starts at 10 am ET [last Wednesday], the Securities and Exchange Commission plans to vote on a proposal that would force hedge funds and private-equity funds to provide basic disclosures to their investors and guard against conflicts.
Because “private” can’t be allowed; Know Better Government must control what private companies do.
Because Know Better Progressive-Democrats must “protect” us grindingly stupid average Americans from our own foolishness or stupidity. Never mind that no one forces us to invest in hedge funds or private-equity funds, with or without knowing the financial details of those funds.
Such decisions used to be our responsibility. But now Progressive-Democrats insist on arrogating our responsibilities to themselves.