> If you really think regulations are made to protect someone other than the poor or middle classes I've got a bridge in Alaska to sell you.

https://en.wikipedia.org/wiki/Regulatory_capture

> The whole point of regulations is that the collective power of the masses...

'The whole point' != what happens in reality.

> That's why you don't make regulations based on feelings and instead look at what the evidence says.

Sure... except that's rarely what happens in politics.