It could happen this year; legislatures just need to pass laws. The hardest part is people posting comments like yours as a diversion from doing real work (though there are other hard parts too).
We each have power, influence, and responsibility. You're spending yours on cleverness, and wasting others by shifting the focus and undermining their efforts. Cleverness, in the end, doesn't matter.
You say all it takes is for the legislature to pass the laws and seem to assume our government is functioning as expected without any bugs.
And yet we’re talking about an extremely well-connected and powerful industry in PE. Do you really think they won’t lobby intensely against legislation that would cripple their profits? Are the majority of our legislators really immune from considering corporate interests?
That's always been true, bugs and lobbyists, and yet our predecessors have gotten a lot done. People get things done now (including people you don't agree with).
It's not a fairy tale; it is hard; and yet our predecessors moved mountains.
It is what we make it. The problem is a victim mentality (speaking generally, not about you) - giving others the power - for example, to define the political environment - which also absolves the 'victim' of responsibility: they're powerless, so what can they do?
I find it interesting that you assume ill intent as the default when I was genuinely asking for actionable steps we could take to address a very real problem.
Perhaps consider giving people the benefit of the doubt instead of projecting your cynicism onto others.
