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Pigovian tax[0]. Excerpt: >A Pigovian tax (also spelled Pigouvian tax) is a tax on any market activity that generates negative externalities (costs not includ
by Jugurtha 6y ago
Pigovian tax[0].
Excerpt:
>A Pigovian tax (also spelled Pigouvian tax) is a tax on any market activity that generates negative externalities (costs not included in the market price). The tax is intended to correct an undesirable or inefficient market outcome (a market failure), and does so by being set equal to the external marginal cost of the negative externalities.
- [0]: https://en.wikipedia.org/wiki/Pigovian_tax https://en.wikipedia.org/wiki/Pigovian_tax
- 1ark 6y agoThanks! I did not know this term. This is also the only argument that makes sense. Governments don't seem so keen on implementing though, because of many reasons. Airplanes were flying empty in, at least, beginning of Covid because of bureaucracy ffs!
- Jugurtha 6y agoWouldn't that be offloaded to the sector that is producing the negative externality? If you are mining, you are using electricity. If that electricity is coming from fossil energy, then that tax is already paid. If you are mining in a country that generates its energy with solar power, doesn't the argument of "bitcoin bad" become shaky?
- 1ark 6y ago"Bitcoin bad" is already shaky. If we as a society care about these energy problems we need to start fixing it in the beginning of the supply chain and work our way to the end.