Regulatory failings mean that the cost of breaking the law is far below that of obeying it - businesses are happier to pay fines than to control pollution.
Sentiment: NEGATIVE
Though many corporations honor commitments to reduce dangerous pollution, some cut corners and cheat. The marketplace doesn't always have mechanisms to correct bad actors.
But let me tell you what happens when regulations go too far, when they seem to exist only for the purpose of justifying the existence of a regulator. It kills the people trying to start a business.
Every new rule, mandate, and regulatory edict is one more obstacle that small business owners, entrepreneurs, and job creators have to swallow.
Higher taxes kill jobs. Regulations kill jobs.
Regulation creates a moral hazard.
Employers who violate rules of fairness are punished by reduced productivity, and merchants who follow unfair pricing policies can expect to lose sales.
Because cap and trade is enforced through the selling and trading of permits, it actually perpetuates the pollution it is supposed to eliminate.
Lawmakers who interfere with commerce and the normal creation of jobs in an economy run the risk of doing harm rather than good. Unintended consequences from regulating or legislating to achieve a goal can occur and cause havoc in the markets or an economy.
We have very strong environmental laws in the United States and elsewhere around the world. The problem is that they're seldom enforced.
The economy needs thriving, job-creating small businesses, but excessive and ill-considered regulations too often get in the way of growth.
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