martybegan
Diamond Member
- Apr 5, 2010
- 83,046
- 34,363
I'm curious as to how they reached this 833 billion number. What do they mean by "benefits"?
here is the report...
https://www.whitehouse.gov/wp-content/uploads/2017/12/draft_2017_cost_benefit_report.pdf
From the report:
The largest benefits are associated with regulations that reduce risks to life
So benefits are mostly based on the perception of risk reduction, not actually any hard information.
I'm reading the report, and it seems you're right. It operates under a lot of weird assumption such as the regulations doing exactly what they're supposed to do and tries to put a dollar value on human health. One thing caught my eye, it says that energy efficiency regulations tend to adversely effect people with low income more than others, and that's one of the regulations that brought the most "benefit".
Not sure how the energy efficiency thing works to adversely affect them unless they are forced to buy newer more efficient devices.
Maybe it assumes they cannot buy the newer devices because of the chance for increased cost, and thus they keep their old clunky appliance and thus lose the "benefit"?