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by mtempleton 3308 days ago
>If students have to generate their own power, they are much less likely to waste it. How far would students go to reduce their efforts? Would hot showers go out of fashion?

The article's discussion of human power and incentives to use it beg the point to be made about the right way to fix the tragedy of the commons market failure with atmospheric pollution (and all the other problems with fossil fuels as well).

There are so many ways to reduce energy consumption that government regulation can't possibly legislate and adequately regulate (and it's barely even trying at the moment).

For example, I try to make a point to bike, walk, take the stairs, use efficient driving habits, and try to often take cold showers. I admittedly do this primarily because I like the exercise, the cold water is more refreshing and better for my skin, I save money, but as as an added bonus I feel some satisfaction that I consume less fossil fuels. But I would do all these things more if I saved more money from it.

And taxing bad things is better than taxing good things (like income and investment).

I think this is one of the things we will look back from the future and think, what were people thinking--they taxed jobs when they could have taxed something like environmental destruction? What?

But American politics are what they are. Our public transport across the country varies, but generally it is laughably bad, and that's just another example of an extremely low hanging fruit to grab.

1 comments

The tragedy of taxing bad things is that if the taxation works, and the bad things (e.g. pollution) start to go away, then the government loses tax revenue. And for the government, that's worse than any pollution.

So we see all governments going through loops and hoops to tax something bad, and at the same time regulate so that a sufficient amount of that bad thing still happens so they wouldn't lose the tax money.

Of course, this can be limited by requiring funds for a specific purpose, such as mitigating pollution. While far from perfect, gas tax going to pay for roads is a decent feedback loop.

Tax 'bad' thing, to pay for education about or mitigation of 'bad' thing. the feedback loop solves itself.

>then the government loses tax revenue.

Actually, this would not always be true. Yes, in many cases would, but it would depend on the elasticity of supply and demand. The total size of the tax incidence would be government revenue from the tax.

The idea is not necessarily to outlaw carbon emissions, but to set a tax equal to the economic burden the emissions place on the global economy.

But a tax such as this should be designed to be revenue neutral--which we as humans are capable of doing.

Even though these things are possible, economic policy is so filled with politics, and politics is so filled with corruption, that I have little to no hope it will change.

gov can just keep finding new things to tax.