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If 1-4 is implemented, gas would become a lot more expensive. Companies will switch to EV fleets, gas demand would drop, oil companies would not lobby politicia
by JoshTko 3y ago
If 1-4 is implemented, gas would become a lot more expensive. Companies will switch to EV fleets, gas demand would drop, oil companies would not lobby politicians for drilling permits as new drilling would have bad ROI. Voters will to a lesser extent do what companies are doing and purchase lower carbon impact products. The hypothetical voter you speak of would only benefit if they purchase lower carbon impact products and pocket the savings from the check. However the act of purchasing the lower carbon impact product today has far more impact than a vote for a politician carbon intensive policy in the future. The incentives are aligned in that even this weird hypothetical voter will drive the adoption of lower carbon impact products long term.
- Willish42 3y agoConsumption taxes do still tend to have disproportionate effects on those at the bottom (https://en.wikipedia.org/wiki/Consumption_tax#Savings_effect https://en.wikipedia.org/wiki/Consumption_tax#Savings_effect), but there's more logic to step 2 if gas prices are increased across the board than my initial post. That does make some sense, thanks for replying and elaborating!