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The value add of the layer in complexity is that the costs of some goods but not others would go up. This would make buying and investing in renewables more fav
by dontreact 8y ago
The value add of the layer in complexity is that the costs of some goods but not others would go up. This would make buying and investing in renewables more favorable economically.
- npongratz 8y agoSo the value add is to artificially add a cost to one form of energy production to make it cost more than another form? That does not sound like a "value add", but rather a simple "cost add," with government agents making the demands and meting out financial (and eventually, physical) punishment for non-compliance. And we really want to add complexity and inconvenience to 2/3rds of households just so they can get their money back?
- jaggederest 8y agoIt's called a pigovian tax, and it's widely considered the most efficient way to deal with these kinds of negative externalities. For most lower income households, they would actually be receiving a net increase in their income, since they emit less than the mean carbon output.
- dontreact 8y agoBurning fossil fuels has a real cost to everyone which is not priced appropriately by the free market (this is a well known economic effect known as a negative externality). This tax corrects for the artificially low costs.