Another way to think of a carbon tax, it that it is universal to all carbon sources, regardless of end product (assuming no workarounds, which I have my doubts).
Tax something and people will generally used less of it, but general market forces will prevail.
Have the government pick the product, and you’ll get weird distortions (kind of like fuel economy standards resulted in us have large less efficient trucks and suvs). Should they have just taxed gas, it would have been generally universal and people would have move to smaller more efficient cars on average
June 28, 2023, 3:53 p.m. - Bikes
Another way to think of a carbon tax, it that it is universal to all carbon sources, regardless of end product (assuming no workarounds, which I have my doubts). Tax something and people will generally used less of it, but general market forces will prevail. Have the government pick the product, and you’ll get weird distortions (kind of like fuel economy standards resulted in us have large less efficient trucks and suvs). Should they have just taxed gas, it would have been generally universal and people would have move to smaller more efficient cars on average