Trump and his appointees are on a binge of deregulation that masks another kind of trickle-down economics, in which the gains go to the top and the rest of us bear the risks and losses.
They 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.