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Ultimately every good regulatory regime needs to be designed by people who know that they are themselves supposed to be protected by the same rules. Our leaders are not "our betters", a special class of people endowed with better judgement who should have different rules, just a group of people we have entrusted to represent our interests. Political representatives need to think of their constituents, even their constituents who are minors, this way. They are stewards, not lords.