How much money does that total (the taxes specifically earmarked for funding regulatory bodies)?
If a company suddenly starts doing something that costs society more in externalities, does it suddenly start paying more taxes to deal with the enforcement required to get them to stop?
After all, the whole point of regulation is to get the regulated to stop hurting society and costing it money.
No they don’t. Every dollar the government spends is a brand new dollar. You can’t save up money in a currency that you issue.
As a fiat currency issuer, you have two options, you can create money for circulation (government spending) or you can destroy money and it’ll never circulate again (taxation).
How would they pay the costs when they don't bear any of the profits from their regulated industries?
But regulators do, through the taxes the industries pay on the profits.
How much money does that total (the taxes specifically earmarked for funding regulatory bodies)?
If a company suddenly starts doing something that costs society more in externalities, does it suddenly start paying more taxes to deal with the enforcement required to get them to stop?
After all, the whole point of regulation is to get the regulated to stop hurting society and costing it money.
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No they don’t. Every dollar the government spends is a brand new dollar. You can’t save up money in a currency that you issue.
As a fiat currency issuer, you have two options, you can create money for circulation (government spending) or you can destroy money and it’ll never circulate again (taxation).