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The more you tax something, the less of it you get. Imposing a non-zero cost on carbon will always be strictly better at reducing carbon emissions than imposing
by kspacewalk2 5y ago
The more you tax something, the less of it you get. Imposing a non-zero cost on carbon will always be strictly better at reducing carbon emissions than imposing a zero cost on it. How effective it is depends on how big a tax it is, of course, but usually governments addicted to a tax tend to increase said tax, which in this case makes it better, since it will disincentivize emissions even more.
- dont__panic 5y agoCurious, can you link to any reading on this subject? The canonical high-tax situation I think of is income tax in NYS and CA, and it seems that has only pushed prices and incomes UP, rather than down. But maybe it works differently for income tax because physical work locations are not truly competitive across location and most folks have visas, schools, family, friends, etc. pinning them to a location and reducing flexibility.
- thecage411 5y agoWhat is the basis for the claim that income tax in NYS and CA pushed prices and income up? This seems extremely unlikely, unless you are looking at pretax income or something.