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If we take this in the other direction, if I purchase a house on a lake, and you build a company that dumps toxic waste into that lake, should I not have some r
by joshuamorton 6y ago
If we take this in the other direction, if I purchase a house on a lake, and you build a company that dumps toxic waste into that lake, should I not have some recourse?
The idea here being that there is an externality to your toxic waste dumping (both in terms of property values and the environmental/health consequences, potentially). You the dumper don't bear that cost, your neighbors do, even though the action is entirely your fault and, importantly, there's nothing your neighbors can do to prevent you from dumping the waste.