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Pollution taxes can only work for post-industrial countries that are able to run on mostly service industry and import everything that requires manufacturing. A
by tomatotomato37 8y ago
Pollution taxes can only work for post-industrial countries that are able to run on mostly service industry and import everything that requires manufacturing. As thus, they would be fine for most European countries but crappy for industrializing countries like India.
- zozbot123 8y agoEven in a developing country like India or China, a pollution tax would be an effective (and lucrative) defense against opportunistic "race to the bottom" behavior. There are plenty of emerging industries, even in manufacturing, that don't depend on polluting the environment for their viability.
- akimball 8y agoAnd the ones that do need to pay the cost of their actions. Taxing pollution means society can control the incentive tipping point to optimize cost-benefit.