Opening Argument – How a Few Rich Lawyers Tax the Rest Of Us
by Stuart Taylor, Jr
When I read the Washington Post story about trial lawyers ”gearing up to mount a major assault on the former makers of lead paint,” with city and state officials around the country as their clients, an Oliver Cromwell quote came to mind.
”You have (been) too long here for any good you have done,” Cromwell told the Rump Parliament in 1653. ”Depart, I say, and let us have done with you. In the name of God, go!”
The entrepreneurial lawyers who have gotten very, very rich by targeting whole industries–first asbestos, breast implants, contraceptives, tobacco; now guns, computers; next paint, HMOs, liquor, food, chemicals–have done some good in their time. The grave health risks posed by asbestos, for example, and the documentation of the vile and devious tactics employed by the tobacco companies as they addicted and poisoned their customers, were exposed in large part by the efforts of trial lawyers.
But as they have become bolder and richer–and especially as they have teamed up with state and local officials in search of easy revenues–the trial lawyers (with the help of judges and juries) have imposed ever-greater costs on us all in lawsuits that bring ever-fewer benefits.
Take the lawyers’ new plans to seek recovery of government money spent to remove lead paint from housing and other costs associated with lead paint poisoning. Any liabilities will be imposed on companies whose current managements have never sold the stuff. (Lead paint was outlawed nationally in 1978 and widely discontinued long before.) And by the time the liabilities have been spread around–through insurance, higher paint prices, and the like–the costs will have little impact on the profits of any corporate malefactors. Rather, they will ripple through the whole economy.