Environmental Justice:
- Low income communities won't bare disproportionate share of pollution
- Environmental advocates are working to ensure the adoption of environmental laws
- People of all cultures and income levels will be treated fairly
- Many federal and state governments have taken to account the concerns of the environmental justice
- Land is cheap is low income neighborhoods
- Less political resist in low income neighborhoods
External Costs:
- If steel producing companies are free to pollute where they want, then they will do so.
- Negative pollution effects are external costs passed onto the community
- steel production company supply curve is related to its private production costs which yields the market pricing.
- Social costs curve adds the external costs due to pollution meaning less of the product will be produced
- Government can correct difference by taxing the company for polluting
- added costs to tax shifts companies production cost upwards
- Taxes will be used to help medicate the water
Cost-Benefit Analysis
- It is necessary to find a pollution reduction that is economically beneficial
- Social cost to clean up a fraction of a polluted body of water is low
- Social cost rises is pollution reduction occurs and social benefit will decrease
- Optimum cost benefit is where social benefit and social cost cross
- Social costs curve shifts outwards as technology advances
The Story of Broke
- Taxes disappear before it can benefit us
- Taxes go into military, propping up the economy
- subsides are giveaways that give some companies a lift over others
- Government gives money to companies that bring us down
- Tax subsides excuses corporations from contributing their fair share.
- Risk transfer subsides which give money to corps. doing risky things like building nuclear plants
- Freebie subsides gives things that belong to us to corporations for cheap.
- Without laws that make the companies pay, we have to pay
- Switching from petrochemicals to bio based materials can create 100000 more jobs
- subsidizing zero waste can create one and a half million jobs with less pollution