« From drinking to plumbing | Main | Taking personal responsibility »

October 17, 2008

Lawsuits cost consumers

Eli Lilly must pay $62 million for off-label misuses and side effect disclosure violations on Zyprexa (10/9, Business). Missouri will get $1.55 million of that to go to consumer education and to enforce consumer-protection laws.

Consumers and employees pay for lawsuits and taxes on businesses. Lawsuits and taxes are overhead. Businesses respond to increases by cutting expenses with measures like layoffs, raising prices on products, or going out of business (where everyone is laid off).

As with special funds like Social Security, the $1.55 million will be lost in the midst of the general revenue funds. The only ones to profit from this lawsuit are lawyers, politicians and bureaucrats. To the public, it’s another stealth tax to be added to their financial burden. Apparently the bad decision-makers at Eli Lilly will still have their jobs.

Jerry Murray
Centerview, Mo.

Comments

NoMoreMrNiceGuy

Right, that $1.55M will end up going to crooks across both isles in Jefferson City, guaranteed. [EDITED BY MODERATOR]

 
About KansasCity.com | About the Real Cities Network | Terms of Use & Privacy Statement | About Knight Ridder | Copyright