Re:The Fake Factory That Pumped Out Real Money
by rayiner on Sunday July 17, 2016 @12:32PM
(#12110688)
Cap and trade systems have the huge advantage that no revenue goes to the government. That eliminates the incentive to set tax levels for revenue generation purposes instead of at levels linked to the real purpose.
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>Cap and trade systems have the huge advantage that no revenue goes to the government.
The revenue certainly goes to the government in California, unless I am completely misunderstading the program: http://www.lao.ca.gov/reports/2014/budget/cap-and-trade/auct...
Re:The Fake Factory That Pumped Out Real Money
by fsargent on Sunday July 17, 2016 @01:09PM
(#12110827)
True, but looked at holistically it'd be better to have the revenue go to the government, and reduce a tax that punishes behaviors we want - such as employment being punished by the income tax. https://en.wikipedia.org/wiki/Pigovian_tax