Earlier quoted context omitted.
If it's revenue neutral and lowering income taxes, where would the big `victims' be?
The poor and lower middle class who effectively pay no income taxes already.
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Elon Musk: Only a Carbon Tax Will Accelerate the World's Exit from Fossil Fuels
41–50 of 139 posts
Re: Elon Musk: Only a Carbon Tax Will Accelerate the World's Exit from Fossil Fuels
#42Re: Elon Musk: Only a Carbon Tax Will Accelerate the World's Exit from Fossil Fuels
#43Oh cool, a billionaire pushing a tax that will hurt the poor while he gets to make money helping millionaires avoid it.
The poor are going to suffer the most if we allow runaway global warming.
What if climate change turns out to be real, and caused by man, but not harmful to humans soon?
https://www.scientificamerican.com/article/climate-change-wi...
EDIT: downvoting this because you don't agree with it won't make it go away. Scientific American isn't Fox News!
Re: Elon Musk: Only a Carbon Tax Will Accelerate the World's Exit from Fossil Fuels
#44I used to think that carbon taxes were the way to go, but I have seen how effective the fossil fuel industry is at creating FUD. When you consider an effective carbon tax makes all their assets worthless it is not surprising that they will do whatever it takes to block anything other than a nominal carbon tax. There really is only one way to get past the fossil fuel industry and that is to buy them out. Given the ben…
Wow, hadn't thought of that.
I wonder how much carbon you can lock up by buying long term oil leases and sitting on them, and what the price per ton would be.
Re: Elon Musk: Only a Carbon Tax Will Accelerate the World's Exit from Fossil Fuels
#45Earlier quoted context omitted.
Well, your barber is an expert on hair.
Well, if you really want to drill down on this example: the barber doesn't have substantial interests in which type of haircut you get. Tesla has substantial interest in which kind of carbon tax you get -- high carbon tax would be a boon. Doesn't materially effect how good an idea carbon taxes are, though. Also, do people ask their barber what haircut they should get? I have only ever done a buzz cut or given a descr…
A proper analogy would be a barber asking for a tax on long hair.
Yeah, he would have to find someone to cut his own hair too.
Re: Elon Musk: Only a Carbon Tax Will Accelerate the World's Exit from Fossil Fuels
#46A phased-in revenue-neutral carbon tax of $30/ton would increase electricity rates in (most of) the US by < 10%. And could lower income taxes (or if not revenue neutral) reduce the debt. What's not to like?
The fact that a 10% increase in electricity costs is probably going disproportionately affect the poor?
The proposed tax is basically a spending tax, much like a sales tax. It would effectively raise the price of any products/services that rely on carbon-based energy to be made/delivered.
Remind me: how does a spending tax disproportionately affect the poor? The tax goes into a local/federal budget, where poor disproportionately benefit from it (compared to what they put in).
Also, the arguably biggest global challenge in the next decades is going to be to slow/reverse the adverse effects of the global warming, which WILL disproportionately affect the poor (which have less ability to adapt or move). So how is doing something about global waring really disproportionately affecting the poor on the long run?
Re: Elon Musk: Only a Carbon Tax Will Accelerate the World's Exit from Fossil Fuels
#47Would this mean my company would charge me for using the break room microwave?
Yes, I'm sure it does.
In practice though, I'm sure it will just get added to the electricity bill your employer sends you every month.
Re: Elon Musk: Only a Carbon Tax Will Accelerate the World's Exit from Fossil Fuels
#48Who wants to get taxed more?
Answer: Democrat Bay Area Environmentalists & cheese eating surrender monkeys
Re: Elon Musk: Only a Carbon Tax Will Accelerate the World's Exit from Fossil Fuels
#49Earlier quoted context omitted.
It's absolutely covered by "revenue neutral". We tax things, but then distribute the tax revenue among the citizenry. The cost absolutely will get passed on, but that is accounted for in the end when you receive a check for ~1/300,000,000th of the net tax paid. The increased cost of essentials would be a total wash, as presumably everyone is paying roughly the same -- except to the extent that by pricing the external…
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This is the type of law being proposed. It has nothing to do with war. https://en.m.wikipedia.org/wiki/British_Columbia_carbon_tax
Re: Elon Musk: Only a Carbon Tax Will Accelerate the World's Exit from Fossil Fuels
#50Would this mean my company would charge me for using the break room microwave?
It would just increase the price of dirty electricity. If they don't charge you for electricity now, I don't see why they would post-carbon-tax.