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crispy_kilt , 4 months ago No problem, we can tax it at 20’000 % or whatever is the correct amount. It will then turn out to be completely uneconomical to use fossil fuels at their true price, as it should’ve been. Same goes for wasting freshwater and waterways/groundwater pollution. The tax needs to reflect the damage. Market mechanisms will still work, we just need to prevent companies from externalising the cost of the damage they are causing.
No problem, we can tax it at 20’000 % or whatever is the correct amount.
It will then turn out to be completely uneconomical to use fossil fuels at their true price, as it should’ve been.
Same goes for wasting freshwater and waterways/groundwater pollution. The tax needs to reflect the damage.
Market mechanisms will still work, we just need to prevent companies from externalising the cost of the damage they are causing.