On the recordJune 20, 2023
Negative externalities should be in the price of a product and that to shift that cost to the public is a subsidy.
Source
congress.govNegative externalities should be in the price of a product and that to shift that cost to the public is a subsidy.
Whitehouse emphasizes the economic principle regarding external costs and subsidies.
Share & report
More from Sheldon Whitehouse
How do you have an issue that you win 74 to 12 [percent] and you don’t ride that horse as hard as you can?
To deliberately ignore [the laws of physics] for short-term profits that set up people for huge, really bad impacts—if that’s not a good definition of evil, I don’t know what is.
Once this comes home to roost in people’s homes, in their family finances, in really harmful ways, that [will be] motivating in a way that we haven’t seen before around this issue.