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I looked for a simple non-electronic car recently to buy, and found out that the government has mandated numerous safety systems requiring electronics like back
by nickthemagicman 5y ago
I looked for a simple non-electronic car recently to buy, and found out that the government has mandated numerous safety systems requiring electronics like backup cameras, no seatbelt alarms, blind spot monitoring, lane assist etc, and in the upcoming infrastructure bill there is a rider to add breathalyzers to every new car made in America. (ref below)
Is there an officially designated cost/reduced risk ratio that policy makers can go by to determine if a regulation is worth while?
Is a regulation that costs 1 billion dollars to save 10 lives at 100 million a life considered worthwhile?
Is a regulation that costs 1 billion dollars to save 1 million lives at a cost of 1000 a life worthwhile?
Is there even an officially designated cost per life saved for new safety regulations?
If not it seems like a slippery slope, and the government can never overreach as long as it can justify the regulation by saying it saves a single life.
Reference:
https://time.com/6086981/bipartisan-infrastructure-bill-breathalyzers/ https://time.com/6086981/bipartisan-infrastructure-bill-brea...
- selimthegrim 5y agoYou might want to look up the marginal cost of a backup camera what with CCDs these days
- nickthemagicman 5y agoThe manufacturers add a significant markup I imagine. My original point is what's the cost benefit ratio boundary of enforced safety laws?
- frankchn 5y agoThe DOT and the NHTSA considers that value to be $6.3 million per "statistical life" in 2009 dollars [1] [1]: https://www.nhtsa.gov/staticfiles/administration/pdf/Value_of_Statistical_Life-2009_Dollars.pdf https://www.nhtsa.gov/staticfiles/administration/pdf/Value_o...
- HatchedLake721 5y agoWhy though? There’s more cars in America than drivers. Let’s reduce safety regulations because people want new cars? Let’s reduce safety regulations to save corporations money?