Re:Palm Oil Was Supposed to Help Save the Planet
by spangry on Saturday November 24, 2018 @03:37AM
(#18521107)
Agreed. Carbon pricing works via substitution effects: carbon-intensive goods become relatively more expensive so people substitute towards less carbon-intensive goods, all other things equal. Tax revenue hypothecation hardly ever makes sense anyway, as tax revenue is fungible.
Re:Palm Oil Was Supposed to Help Save the Planet
by icebraining on Saturday November 24, 2018 @06:58AM
(#18521626)
How would that dividend work?
Let's agree that a carbon tax should be revenue neutral (via a dividend), and not fund either a progressive or conservative agenda. The purpose of the tax is to internalize CO2 externalities. Other issues can be hashed out on their merits.