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In principle I agree with you that in general we should attempt to internalize externalities whenever possible. But, for example, burning coal kills thousands o
by dmm 8y ago
In principle I agree with you that in general we should attempt to internalize externalities whenever possible. But, for example, burning coal kills thousands of Americans every year from fine particle pollution. Why not internalize coal costs right now? Shouldn't that be the priority?
- Kalium 8y agoYou're completely correct! In terms of impact, that should absolutely be the priority. Some people prefer to incorporate difficulty, time costs, and resources required into their prioritization process rather than being purely impact-based. This may lead some of them to a different set of results.
- montenegrohugo 8y agoDefinitely, and that has been proposed tons of times in the form of a carbon tax. Whether it will some day implemented or not depends on the voters.