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plummbob t1_iv4zk5m wrote

Reply to comment by grambell789 in As long as incentives are misaligned, it's improbable to achieve change by tawhuac

If demand for carbon really is inelastic, then that means climate change is efficient, welfare maximizing outcome. And it would mean any alternative is more costly and welfare reducing. Otherwise demand wouldn't be inelastic. But there are clearly ways in which firms can reduce their carbon consumption.

And yeah, +dividend reduces any concerns over progressive taxation.

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grambell789 t1_iv5epjd wrote

pretty much yes. a group of people feel they will lose their jobs and starve to death now vs children die of heat stroke in the future. basically a retstructuring of the economy to make less carbon means some people are bigger loser while some are gainers. and the people who lose the most are very vocal about it.

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