I'm writing a paper for a business ethics class with heavy emphasis on ethics and arguments than monetary affairs. My first thought was to rant on ICBC and MVA.
- make licensing a lot more difficult and require frequent performance reviews in order to remove incompetent operators from the road (targeting cause)
- make punishment a lot more severe, higher fines, more points, easier license suspensions, strict enforcement to discourage people from violating the acts, regulations, and laws (targeting effect)
Intended end result:
- reduce amount of incompetent drivers on the road (cause)
- increase safety as a result of less road rage (effect)
- decrease insurance premium as accident rate goes down (effect)
- short-term protest from incompetent drivers
- short-term increased revenue
- short-term increase in accidents because part of the population is slow to adapt
I'm sure some of you have strong opinions to share. Feel free to shred my opinion into pieces, and add your own, supporting empirical evidence is definitely a plus.