FDA LIES ABOUT PESTICIDE LEVELS IN OUR FOOD
(twitter.com)
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Not a lawyer.
Insurance companies want products to be safe so they don't have to pay out so much in claims; they've been instrumental in getting safety features added to cars, for example.
When monopoly and coercion (i.e., government) are removed from regulation, corruption is minimized. "Power corrupts, and absolute power corrupts absolutely."
The Ins. racket only cares about the ratio of premiums to costs. So do you think all (majority) the older cars without the new "safety features " had their insurance go down ?
What the Hell are you talking about?
When people get hurt or killed in car accidents, it costs the insurance company's money. Do you think they WANT high costs? Effective safety gear lowers insurance costs. It also protects the lives and well-being of customers. It does raise the price of cars, so there's a balance needed, and a market-based regulation is both better able to strike a balance that works for all parties AND would allow at least the possibility of cheaper, non-compliant vehicles to be sold, perhaps with higher insurance premiums.
Sorry to complicated for you.
I bet you think you can tax a corporation ? Nope , Tax = cost = price increase
Of course businesses have to pass along higher costs (or take a hit to profits), but businesses compete ON PRICE in a FREE market. De-regulating (relatively speaking) the telephone companies back in the 70s led to a huge drop in prices, as the Baby Bells had to compete with one another. Long distance calls used to be a luxury.
When government gets involved in "regulation", you typically see prices skyrocket, as with the FDA and Big Pharma.