5 ms·

I get the others but why "unreleased policy"? The public will find out what the policy is so whats the point?

• rahkiin 9y ago
  Maybe it is unfinished. To prevent a media backlash over non-final policy.
  • swsieber 9y ago
    A prime example of this would be the writing of the constitution of the U.S. It would have been dead in the water if the public was at those meetings.
• hardlianotion 9y ago
  To prevent a chilling effect on in-depth analysis of policy options before they are finalised. I think this is a good thing.
• Ensorceled 9y ago
  It's essentially insider trading to know policy before the policy is released. In Canada, Tax Policy Changes take effect from the day the bill is introduced to Parliment or published for discussion for exactly this reason.
  • PeterisP 9y ago
    For tax policy, it would make sense to solve this problem in the entirely opposite way - i.e. declare that any tax policy changes cannot take effect faster than the next fiscal year; it's also fair and much more reasonable.
    • hinkley 9y ago
      Let's say they decide to put a tarrif on something a lot of people hate or think problematic. Let's say for argument's sake, 2 stroke generators. But they have a lot of power (and users) so you don't think you can swing a yearly tax. But a tax on new purchases/builds might be tractable. They get to keep all the existing ones but they can't build more. That's grandfathering. If you give the wrong people to the end of the year, they'll grandfather in as many as they can, even if they sit unused. So now you're putting off curbing the installed base and instead you've actually created a glut. Now your tax will have zero net effect for four or five years and will make things (say, smog) far worse in the short term.
      • SomeStupidPoint 9y ago
        It can actually end up unwinding your tax (or regulation) -- If the people rushing to buy up the supply to simply store them off-line happen to cut off people who need them for what are sensible and essential reasons, you end up with a litany of cases of the tax causing problems paraded about as it comes into effect, and it ends up repealed or undercut because of political pressure. (Usually 1-year window extended because "we need more time to phase it in" and by the time the second window would close, it's gutted.) It's not just that it can end up counter productive in the short term, it's that it can undercut itself as a law as well by destabilizing a market that usually has low, but important volume.
    • KGIII 9y ago
      In some places, laws already work sort of like that. Except for emergency bills, they can't take effect until something like 180 days after congress has had their final session. It makes perfect sense, to me at least, for taxation regulations to be the same. Of course, they'd probably just default to calling all rule changes emergencies... Sort of related: I love the idea of paying taxes. Mine are prepared and filed as soon as I can do so. I have a great time paying my taxes, to the point where I bring a bottle of wine and flowers to my accountant. But, man, I really hate the complexity and how the money is spent. Anyhow, maybe they should only make rules for the first half of the year and then none of the changes go into effect until the first day of the year? I like your idea.
    • blibble 9y ago
      UK politicians would find that far too restrictive! nearly every Budget affects duty on things like beer and petrol, and go into effect at midnight people know to fill up their car the night before!
  • panarky 9y ago
    It's not insider trading if the information is public.
    • Nomentatus 9y ago
      Yes, it can be, and I believe convictions show this - if public means "someone else could have stumbled on the info, in theory" but you were specifically tipped off where to go and when in exchange for cash; which is the kind of worry here. But as well, policy discussions that allow no privacy tend to be very circumscribed.