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How are you proposing to enact and enforce such laws which will surely cause great economic short term harm and will be tremendously unpopular?
by empath75 7y ago
How are you proposing to enact and enforce such laws which will surely cause great economic short term harm and will be tremendously unpopular?
- sandworm101 7y agoThe same way they created income tax. Not every law must be popular. How about this: The top US tax rate in the 50s was over 90%. That's a good number for the upper bracket of a progressive carbon tax. In short, large companies are no longer allowed to make profits while emitting carbon. They can continue to operate, but as investment vehicles they will be dead.
- kortilla 7y ago>The top US tax rate in the 50s was over 90%. Yep, but the effective rate was similar to today because of so many deductions. Also, what is a “large company”? I would rather Tesla makes a profit despite it emitting carbon and some small coal power not be allowed to profit just because it only employs 300 people. Just tax carbon output, don’t create all of these half-baked rules trying to punish companies for being large rather than trying to solve the solution of CO2 output.