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If you (probably in this case "you" means some government) actually tax the daylights out of oil, then your population will riot, remove you from power and reve
by PeterisP 6y ago
If you (probably in this case "you" means some government) actually tax the daylights out of oil, then your population will riot, remove you from power and reverse the tax before it has had any meaningful impact.
"Gilets jaunes" riots two years ago were caused in part by a relatively minor fuel tax increase. Actually taxing oil so much as to significantly reduce its consumption would be a huge impact on population and cause much larger resistance, probably violent.
- wmf 6y agoIt needs to be phased in over time and refunded as a dividend.
- lotsofpulp 6y agoPeople do not want dividends, they want to be able to travel on vacations and drive their own cars and live in big houses.
- throwaway894345 6y agoCars will increasingly become electric and power stations will increasingly become clean. The inconvenience will minimize. Anyway, i’m the united states it matters relatively little what ordinary people want, it matters what businesses want, which is presumably the biggest reason we don’t have a carbon tax or any other sensible environmental policy.