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The concept of a Pigovian tax [0] on externalities is to dissuade anti-social behavior by assigning it a price, while giving the proceeds right back to citizens
by lukifer 5y ago
The concept of a Pigovian tax [0] on externalities is to dissuade anti-social behavior by assigning it a price, while giving the proceeds right back to citizens as a universal dividend. It would actually function as a progressive tax, with the poorest collecting more than they pay in, and is heavily favored by economists [1].
[0] https://en.wikipedia.org/wiki/Pigovian_tax https://en.wikipedia.org/wiki/Pigovian_tax
[1] https://clcouncil.org/economists-statement/ https://clcouncil.org/economists-statement/
- hedora 5y agoIn this case, the universal dividend could be invested in carbon capture. Carbon negative coal(). Woot! () Certainly causes cancer, respiratory damage and widespread property and ecological damage. Not available in all locations.