Monday, December 16, 2013

Dan Farber Explains How Environmental Regulations are Not Like Taxes

Here at Legal Planet. The key point is that taxes reallocate funds from some private parties to some public entity (which may use the funds for various purposes); environmental regulations, by contrast, impose costs on certain private parties to create mainly health benefits for other private parties. Thus, they are very different from taxes, which is not to say they are necessarily better or worse (a circumstantial/empirical question).

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