that means basically that you want them to be forced to tell everyone their business secret, thats not very friendly for enterpreneurs and corporations that spend a ton of money into research, its like the asians that coppied all kinds of western tech and defined that as their own.
There might be many thoughts on this idea. Consider:
1. Don't tell people the ingredients, but have a big sign on the product that says: "Ingredients intentionally not listed and/or not necessarily government approved. USE AT YOUR OWN RISK!"
2. If ingredients are required to be listed for the public, form a Private Membership Association where the products can be sold to members without government approval or disapproval. This means that, if government says that the products are a health hazard, make them prove it, rather than you having to prove that your products are not. Again, wisely keep the statement on all products that aren't government approved, "Not government approved. USE AT YOUR OWN RISK!" A PMA is private, virtually outside of government regulation.
3. Note that there are all kinds of things government approves or disapproves incorrectly. Consider hydroxychloroquine. It's been around for 65 years. It's so safe that the medical has said to prescribe it for infants and pregnant women for decades. But as soon as somebody wants to use it for Covid, government attempts to take it off the market.
The point is freedom in labeling, without harming anyone. Consider aspartame. Some people have proven that it is a deadly poison. Others have said it is not dangerous at all, even though it is a poison. Why is it even on the market?, to say nothing about, why is it approved for use as a food ingredient?
There are all kinds of questions about labeling products, both food products, and others.