3 ms·
> calling the lack of a tax that has never existed before a subsidy is more than just a stretch, it’s an outright distortion. This is not correct, this is simp
by mrpopo 8y ago
> calling the lack of a tax that has never existed before a subsidy is more than just a stretch, it’s an outright distortion.
This is not correct, this is simply finally accounting for the negative carbon externality. Industries pay extra for all kinds of negative externalities, and without these regulations, markets are inefficient.
https://en.wikipedia.org/wiki/Externality https://en.wikipedia.org/wiki/Externality
- jdhn 8y agoI really dislike this argument because it implies that as soon as something is deemed "bad", a tax should placed on it.
- aidenn0 8y agoIf you put scare quotes around bad then yes it's a bad argument, but the argument is actually "causes harm to others." If you think we should discourage causing harm to others then your choices are roughly: 1. regulation 2. taxation 3. torts (i.e. anyone who is harmed can sue those who did the harm)