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How many credits does a corporation receive? By what measure do newly founded companies assess their carbon expense? Economists!? Honestly not the group I woul

How many credits does a corporation receive? By what measure do newly founded companies assess their carbon expense? Economists!? Honestly not the group I would defer to at this particular moment in time. We are on the precipice of a possible global finance collapse thanks to their pseudoscience

ericd 4y ago
It’s not measured with credits afaik, taxation happens at the time of carbon extraction from the ground or at the border if extracted elsewhere, or at the border for imported goods that haven’t had a carbon tax applied, to avoid disadvantageous local manufacturing. Inside the country it’s totally transparent, the price is just baked into fuel/goods made with fuel, from that initial tax. Things that use a lot of fuel get a lot more expensive, things that already used clean energy likely stay about the same, citizens get the receipts back, split evenly, so if you consume less carbon than average, you come out ahead. Corps don’t get rebates/credits. Make sense? Obviously a ridiculously tall order politically, maybe impossible, the rich would take the brunt, but it’ll also be harder for the middle/upper middle class to jet across the country. I’m also pessimistic about MMT and it’s effects, but I’d view that as more of a political necessity to keep the music going for debtor nations than something most economists thought was actually ideal. No one has the stomach for austerity, and it frankly would probably be catastrophic anyway, we just have to try to inflate our debt away without hitting hyperinflation.
- upsidesinclude 4y ago
  >Obviously a ridiculously tall order politically, maybe impossible Maybe..? We have to transition away from growth economy and inflation, neither is sustainable. We're hitting the end of the line in under 100 years. If debt is fake and we're just using time to diminish it, then let's just do that and stop robbing people of their wealth. Likely impossible for politicians and economists to allow this either

ericd 4y ago

It’s not measured with credits afaik, taxation happens at the time of carbon extraction from the ground or at the border if extracted elsewhere, or at the border for imported goods that haven’t had a carbon tax applied, to avoid disadvantageous local manufacturing. Inside the country it’s totally transparent, the price is just baked into fuel/goods made with fuel, from that initial tax. Things that use a lot of fuel get a lot more expensive, things that already used clean energy likely stay about the same, citizens get the receipts back, split evenly, so if you consume less carbon than average, you come out ahead. Corps don’t get rebates/credits. Make sense? Obviously a ridiculously tall order politically, maybe impossible, the rich would take the brunt, but it’ll also be harder for the middle/upper middle class to jet across the country. I’m also pessimistic about MMT and it’s effects, but I’d view that as more of a political necessity to keep the music going for debtor nations than something most economists thought was actually ideal. No one has the stomach for austerity, and it frankly would probably be catastrophic anyway, we just have to try to inflate our debt away without hitting hyperinflation.

upsidesinclude 4y ago
>Obviously a ridiculously tall order politically, maybe impossible Maybe..? We have to transition away from growth economy and inflation, neither is sustainable. We're hitting the end of the line in under 100 years. If debt is fake and we're just using time to diminish it, then let's just do that and stop robbing people of their wealth. Likely impossible for politicians and economists to allow this either