Comment by ImPostingOnHN
7 months ago
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.
Regulations aren't all designed for society's well being. Some regulations are very narrow and help only specific businesses, like tarrifs.
Regulations aren't all designed to help specific businesses. Some regulations are designed for society's well-being.
Some regulations are designed to satisfy ideological whims of the legislature, and they don't benefit society at all.
Then society should gladly finance their entire cost.
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