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why would it be a good thing if companies spent more on fines than on costs to comply with regulations?
by airza 7y ago
why would it be a good thing if companies spent more on fines than on costs to comply with regulations?
- dqpb 7y agoPeople will do the thing that costs less.
- glacials 7y agoTotal amount fined vs total amount spent complying aren't comparable numbers. One side has orders of magnitude more organizations comprising its number than the other. We need a median amount fined to non-complying organizations vs. median amount spent complying by complying organizations.
- asdfman123 7y agoIf it costs less to build adequate storage tanks than it costs to pay fines for your oil leaks, companies will build adequate storage tanks. That's how regulations protect public interest.