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by cvalka 1122 days ago
Taxation > regulation
2 comments

I believe this but the ship has sailed.

Taxation was the compromise, and it was not taken up in a serious way. Regulation is the next step. Now the onus is on other parts of the economy to realize that they need to handle externalities or they will be regulated too.

I'm seeing a lot of this (failing to realize one is in a position where compromise is necessary); the idea that we have 50 years to spar affably over this is now going to come to an end.

This a problem across the political spectrum.

I'm generally pro pricing in externalities but this is a good example of using regulations to cut a Gordian knot of system interactions.

Good advert for citizen climate assemblies.