Keith: Compliance with new government regulations requiring the installation of smoke alarms and sprinkler systems in all theaters and arenas will cost the entertainment industry $25 billion annually. Consequently, jobs will be lost and profits diminished. Therefore, these regulations will harm the country’s economy.
Laura: The $25 billion spent by some businesses will be revenue for others. Jobs and profits will be gained as well as lost.
Laura responds to Keith by
Laura: The $25 billion spent by some businesses will be revenue for others. Jobs and profits will be gained as well as lost.
Laura responds to Keith by