You CANNOT legislate morality. You can legislate morally, however. As in character does matter and no one, I mean, NO ONE is above the law.
Splitting hairs. Six of one - half dozen of another. A fine distinction. Same difference.
Point is - we have tons of immoral laws on the books. And our economy reflects our stupid moral choices. Only way out is to revoke immoral laws and replace them with Godly, moral and Constitutional laws.