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The 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 park
by WhompingWindows 7y ago
The 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.