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by antonovka
6072 days ago
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Even if it would "create" a great deal of jobs for construction engineers, it would take away resources from _useful_ production. In the U.S., we have no shortage of "useful" production, and no shortage of not-very-useful production (see also: Cougartown). Reducing pollution is useful production. I appreciate the idea that we'll assign a cost to traditional externalities whose cost is usually foisted on society at large, at which point the market will be forced to find new ways to decrease those costs. The increased demand for carbon licenses does not come out of thin air. Someone does pay for it - while reducing other expenses! It will also force incumbent, stagnant industries to invest in research and development, and disperse wealth more broadly, both of which pay significant future dividends beyond simply a reduction carbon output. |
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"force to invest" concedes the argument that these "investments" don't make any economic sense absent artificial costs, aka a govt mandate. As a result, the resources used by these "investments" would have been better used elsewhere.