Let's look at regulations shall we........ Can the government stop an oil rig "before it explodes" ? Can the government stop a big corporation from polluting, before it pollutes? Can the government stop accounting firms from cooking the books, before they cook the books? Can they government predict a hurricane before it destroys, or better yet warn the citizens and they all listen and do what they're told? Can the government stop me from getting paid under the table, and collect unemployment, before I do it?
Here is the thing, yes I'd love it if regulations did what they are supposed to do, but they never do anything except add more people on to the government dole, end of their use.