7 ms·
A revenue neutral tax still lets the government do new stupid things. eg, they can choose winners and losers by taxing industries at different rates. And once
by burrows 6y ago
A revenue neutral tax still lets the government do new stupid things. eg, they can choose winners and losers by taxing industries at different rates. And once we have a tax, we have it forever.
CO2 pollution is unique because the damage to private property hasn’t “happened” yet. But waiting for it to “happen” is waiting too long. If a factory dumps toxic waste in my field, I’ll sue for destroying my soil and crops. If a factory’s air pollutant gives me lung cancer, I’ll sue for assault. CO2 emitting factories hypothetically cause coastal asset depreciation, but what do the courts think?