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The point is not that the carbon tax/cap-and-trade/you favorite policy will work but that they will impose an unacceptably high cost in the process. Your commen
by newt0311 18y ago
The point is not that the carbon tax/cap-and-trade/you favorite policy will work but that they will impose an unacceptably high cost in the process. Your comment does not respond to that concern. All that revenue for federal tax/subsidy policies will come out of the private economy which eventually means that it will come out of yours and my pocket and spent by the federal govt. Unless this is offset by corresponding decreases in income/payroll/corporate taxes, this will result in a loss to us and from the numbers that I have seen, this loss is unacceptably high.
- skorgu 18y ago(Nearly) all spending by the gov't comes right back to (someone's) pockets so in the aggregate it's only a loss of the frictional losses to run the bureaucracy not the entire revenue base. Granted there are valid concerns about how the money is spent but you can't just take the dollar amount of revenue from the tax and say that's too high a price. It's much more complicated, sadly. Also, what cost? What numbers?