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In California you have do an economic impact summary for most bills over $50M in impact. They did one for this[1]. Summary below: Costs for the typical busine
by joewadcan 4y ago
In California you have do an economic impact summary for most bills over $50M in impact. They did one for this[1].
Summary below:
Costs for the typical business: initially $2,121 with $1,060 ongoing for compliance
Net benefits to state: Positive $3.5B (I'm guessing that includes some savings for less calls to police, less hospital stays, less violence, etc).
I doubt any of this is ever checked forward in time, but I'm glad they at least stated assumptions.
[1]
https://www.abc.ca.gov/law-and-policy/regulations-rulemaking/approved-regulations/rbs-training-program-act/economic-and-fiscal-impact-statement/ https://www.abc.ca.gov/law-and-policy/regulations-rulemaking...
- systemvoltage 4y ago> $3.5 Billion annually This number really needs to be scrutinized and should be public how it is calculated and what assumptions were used to compute it. I've worked in several giant corporations which function like a small government – given the right political posture and networking, you can get pretty much any program approved. Numbers get skewed to support a number of incentives. I've also worked in the government sector and have witnessed how $MM projects are managed, costed and approved. None of it inspires any confidence. Does anyone have details of how this $3.5B ROI? Really, this is the meat of their argument and the people that voted for it. Often things like opportunity costs are ignored because they're difficult to calculate.