Re:The Fake Factory That Pumped Out Real Money
by murbard2 on Sunday July 17, 2016 @10:59PM
(#12113028)
There is another advantage to cap and trade as opposed to tax.
With cap and trade, you may have a politically motivated allocation of emission rights initially, but it's a one-off transfer and soon enough they end up the hands of the people with the most productive use of emissions.
With a carbon tax, people will continuously expand resources in the form of lobbying to try and receive the proceeds of the tax. The government has to stay in the loop forever.
With cap and trade, you may have a politically motivated allocation of emission rights initially, but it's a one-off transfer and soon enough they end up the hands of the people with the most productive use of emissions.
With a carbon tax, people will continuously expand resources in the form of lobbying to try and receive the proceeds of the tax. The government has to stay in the loop forever.