Earlier quoted context omitted.
And what happens to society as a whole when we abandon a person's right to own the products of their labor? What happens when highly productive people decide they have better things to do than go to work and get taxed at 70%? A lot of people like a carbon tax because it will lower carbon emissions, if you tax productivity it has the same effect. A lot of people like clean energy subsidies because it makes clean energ…
>A lot of people like a carbon tax because it will lower carbon emissions, if you tax productivity it has the same effect. It's not the same situation, so there's no reason to think it'd have the same effect. A carbon tax's effect would come from opportunity cost. A company stops a behavior because of a carbon tax when they've found something more profitable. The tax just shifts the line of "more profitable." But wha…
Tax investing and that shifts the line just like a carbon tax, except in this case the people investing are more likely to start buying politicians or sending their money overseas. Those things don't benefit society like having them fund the research and diligence necessary to find and invest in the next Google, the next Target, or the next energy revolution.