I agree we should, but that does not mean that a particular regulation is the right way to do it. Its very hard to close loopholes and exploitation of exemptions.
1. Come up with a regulation idea
2. do a bunch of studies to validate it
3. go through a pretty complicated, comprehensive, pretty long review process to debate and make it work within the existing regulatory system
4. eventually implement it
5. measure its impact
6. adapt or revoke according to the results
We are at the 4th step. Why would you assume your concerns haven’t been already taken in account in all the previous steps? It’s all public, you can look for the reasoning and justification
Naming and shaming is a reasonable first step.
We need judges that don't just look at the letter of the law. We can already use computers for that.
You have to start somewhere, no? We have laws against stealing and murder and folks don’t usually go around saying they should be removed from the books because some people still steal and commit murder.