> “Environmental regulations are, in my view, largely terrible,” he said at an event with the libertarian Cato Institute last year. “You have to get permission in advance, as opposed to, say, paying a penalty if you do something wrong, which I think would be much more effective.” This quote is particularly telling of a billionaire's mindset when the fines are too small to matter.
Boring Company cited for almost 800 environmental violations in Las Vegas
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Re: Boring Company cited for almost 800 environmental violations in Las Vegas
#22> “Environmental regulations are, in my view, largely terrible,” he said at an event with the libertarian Cato Institute last year. “You have to get permission in advance, as opposed to, say, paying a penalty if you do something wrong, which I think would be much more effective.” This quote is particularly telling of a billionaire's mindset when the fines are too small to matter.
The truth is somewhere in the middle. Many regulations are terrible and serve as a huge hindrance to innovation, and effectively restrict certain things to only the already-massively-rich entrepreneurs. However, (IMHO) there are a lot of regulations that are important and absolutely should be enforced up front. Finding the right balance is kind of impossible, and I don't want to throw the baby out with the bathwater,…
> Workers have complained of chemical burns from the waste material generated by the tunneling process, and firefighters must decontaminate their equipment after conducting rescues from the project sites. The company was fined more than $112,000 by Nevada’s Occupational Safety and Health Administration in late 2023 after workers complained of “ankle-deep” water in the tunnels, muck spills and burns.
In another part, the company is accused of dumping this water directly into streets (presumably without decontamination).
Re: Boring Company cited for almost 800 environmental violations in Las Vegas
#23> “Environmental regulations are, in my view, largely terrible,” he said at an event with the libertarian Cato Institute last year. “You have to get permission in advance, as opposed to, say, paying a penalty if you do something wrong, which I think would be much more effective.” This quote is particularly telling of a billionaire's mindset when the fines are too small to matter.
The truth is somewhere in the middle. Many regulations are terrible and serve as a huge hindrance to innovation, and effectively restrict certain things to only the already-massively-rich entrepreneurs. However, (IMHO) there are a lot of regulations that are important and absolutely should be enforced up front. Finding the right balance is kind of impossible, and I don't want to throw the baby out with the bathwater,…
What is an example of a regulation that was a "huge" hinderance to innovation?
Looking at the past 40 years of the US technological progress and the only thing I seen hindering innovation are the tech companies themselves through monopoly, monopsony, patents, and regulatory capture. (Unless the last one is what you meant, but that's a regulation put in place by a monopoly to maintain its monopoloy and not to protect the air we breathe).
EDIT: I am referring to "innovation" not "execution".
Re: Boring Company cited for almost 800 environmental violations in Las Vegas
#24> “Environmental regulations are, in my view, largely terrible,” he said at an event with the libertarian Cato Institute last year. “You have to get permission in advance, as opposed to, say, paying a penalty if you do something wrong, which I think would be much more effective.” This quote is particularly telling of a billionaire's mindset when the fines are too small to matter.
Re: Boring Company cited for almost 800 environmental violations in Las Vegas
#25> “Given the extraordinary number of violations, NDEP has decided to exercise its discretion to reduce the penalty to two $5,000 violations per permit, which it believes offers a reasonable penalty that will still serve to deter future non-compliance conduct,” regulators wrote in the letter. The fuck? "You were driving so fast we gave you a discount on the speeding fine."
Re: Boring Company cited for almost 800 environmental violations in Las Vegas
#26> “Given the extraordinary number of violations, NDEP has decided to exercise its discretion to reduce the penalty to two $5,000 violations per permit, which it believes offers a reasonable penalty that will still serve to deter future non-compliance conduct,” regulators wrote in the letter. The fuck? "You were driving so fast we gave you a discount on the speeding fine."
This is ridiculous and why we have the problems with late-stage capitalism that we do. Fines are not high enough. No jail time for environmental crimes.
Re: Boring Company cited for almost 800 environmental violations in Las Vegas
#27> “Environmental regulations are, in my view, largely terrible,” he said at an event with the libertarian Cato Institute last year. “You have to get permission in advance, as opposed to, say, paying a penalty if you do something wrong, which I think would be much more effective.” This quote is particularly telling of a billionaire's mindset when the fines are too small to matter.
> particularly telling of a billionaire's mindset when the fines are too small to matter It’s telling that billionaires are human? Fines being too small to matter are a phenomenon across the income spectrum. From delivery drivers dancing with New York meter maids to American tourists ignoring overseas traffic rules, the notion that inadequate fines stop deterring and become merely a nuisance is well know.
Would be useful to remember that if Musk or Bezos say something, it may have the same chance of being right as what a delivery driver would say.
Re: Boring Company cited for almost 800 environmental violations in Las Vegas
#28Earlier quoted context omitted.
The worst thing about space exploration is that it's not fun and optimistic like it was before this specific 2020s phase of capitalism, the best thing is that this crop of billionaires will all be dead before the real cool future stuff could happen anyway.
Xi and Putin were caught on a hot mic talking about swapping out their organs with fresh ones. I assume from their local political enemies.
Re: Boring Company cited for almost 800 environmental violations in Las Vegas
#29Earlier quoted context omitted.
> particularly telling of a billionaire's mindset when the fines are too small to matter It’s telling that billionaires are human? Fines being too small to matter are a phenomenon across the income spectrum. From delivery drivers dancing with New York meter maids to American tourists ignoring overseas traffic rules, the notion that inadequate fines stop deterring and become merely a nuisance is well know.
it's telling that he only sees effectiveness in what he wants. these rules are there for environmental protection, and in a worst case scenario, a fine is not gonna bring back the clean soil, or whatever was done.