Cost versus benefit
Every department, every regulation, every statute, every process in government is undertaken with the assumption that the benefits outweigh the costs. The truth is, the ratio between benefits and costs varies from more than 1,000,000:1 to less than 1:1,000,000. In pursuit of transparency, let every department publish, once a year, a statement of benefits versus costs. While I hold little hope that the numbers will ...more »
Every department, every regulation, every statute, every process in government is undertaken with the assumption that the benefits outweigh the costs. The truth is, the ratio between benefits and costs varies from more than 1,000,000:1 to less than 1:1,000,000. In pursuit of transparency, let every department publish, once a year, a statement of benefits versus costs. While I hold little hope that the numbers will be accurate, there should still be a trillion-fold difference between the best and the worst. What people do with these numbers remains to be seen, but I am hoping that the thousand worst will be discontinued.
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