4 ms·
The U.S. needs to establish a process for collecting externality taxes from companies. Of course, it's impossible to track all externalities, but certain ones m
by willio58 4y ago
The U.S. needs to establish a process for collecting externality taxes from companies. Of course, it's impossible to track all externalities, but certain ones might be easier to track and it would make companies think twice before getting into industries without doing their due diligence on safety upfront.
Imagine if Big Oil knew they'd be on the hook for trillions of dollars in damages due to catastrophic climate change. As of right now, the U.S. gov is essentially making the citizens pay (in taxes) for the destruction climate change is causing, even though Big Oil has known for decades that they directly contribute to accelerated climate change.