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You can apply such a tax in various ways. If the company resides in the US, directly tax the company. If they are importing, tax the imported goods. The worst
by Proziam 6y ago
You can apply such a tax in various ways. If the company resides in the US, directly tax the company. If they are importing, tax the imported goods.
The worst thing that could happen would be some 'world dictator' making universal rules because then large companies could lobby one entity to shift the rules in their favor, and against ours.
- dane-pgp 6y ago> The worst thing that could happen would be some 'world dictator' making universal rules Surely the worst thing would be to set up a Prisoners Dilemma trap where individual countries have a huge incentive to betray all the other countries by abandoning this tax and attracting all the large companies in the world to come and pollute there.
- Proziam 6y agoI'm not particularly concerned about a prisoner dillemma trap. If one country did that, the immediate response from all other countries could simply be 'stop all trade with that country' or simply 'crank up the import taxes from them' until they shape up. You also don't need anywhere near 100% agreement for this to be effective. A large company losing just a few key markets (US, Germany, UK, blah) could massively outweigh any benefit they could imagine by trying to game such a system.
- redisman 6y agoJust look at how much bs China is making the biggest corporations in the world jump through to be able to do commerce there. And what do the companies do - they adapt and grovel to get to that market. This is just one of those hyper-capitalist talking points that has never been proven true but keeps coming back up. If you do X then all the companies will leave. Like there are infinite other Chinas or Americas out there.