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So tax people and then give the money back? I thought the point of carbon taxes was to fund green tech like solar and electric cars?
by throwaway1777 7y ago
So tax people and then give the money back? I thought the point of carbon taxes was to fund green tech like solar and electric cars?
- aaronblohowiak 7y agoIf you tax carbon, the invisible hand of the market will incentivize creation of greener alternatives. Much cheaper to administer and less likely to have crony capitalism than subsidies.
- WhompingWindows 7y agoThe point of carbon taxes is to price the negative externality of carbon emissions. Since we aren't allowed to dump nuclear waste or human refuse in public parks, why should we get to dump GHG's and child-asthma-gasses into the air for free? What is done with the revenue from the carbon tax? That's up to the policy, it could be revenue neutral w/ a progressive rebate that helps the poor, or the revenue could be used to support EV chargers, renewables, efficiency upgrades, it's all up to the policy makers. In WA, USA, they tried to pass a carbon tax, but it failed because some moderates/GOP wanted revenue neutral w/ taxpayer rebates, whereas the left wanted climate equity and green-new-deal-type policies. So, there is real, carbon-tax-killing debate over what to do with revenues.