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Summarize For Example, half of the costs that TTP claimed as a cost of tort on society (meaning society is shouldering the burden of paying
Summarize For Example, half of the costs that TTP claimed as a cost of tort on society (meaning society is shouldering the burden of paying these with tax money) were actually transfer costs. Transfer costs being the amount that is directly transferred from the one who committed the offense to the victim, and not a cost on society at all. (Eisenbrey ) They also blamed several things on the cost of tort in their report that other data has shown to not have anything to do with tort costs, and in fact the ability to sue and hold businesses accountable for torts committed may even help the economy by acting as a deterrent to businesses trying to cut corners
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