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woranl | 2 years ago

In this case, taxing fossil fuel directly won’t reduce emissions. The increased cost to fossil fuel will simply be passed to the consumers. It just adds cost to the affected employees and makes them accountable for bad corporate policies to make a choice between livelihood and climate. The root of the problem is not addressed. The deep pocket should be accountable. It is the unnecessary emissions forced onto the working class that should be discouraged.

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lotsofpulp|2 years ago

Unless everyone has unlimited money, then increasing the price of a good decreases the amount of it that is purchased. The higher the price, the less is sold, even for things with low elasticity of demand.

Gas at $5/gallon? SUVs are not a problem, and commuting 1.5 hours in individual cars is a thing. Gas at $30/gallon, and you will see people demand more high density communities with walking/bicycling/public transit infrastructure.

woranl|2 years ago

What actually happened is the costs and wages are all jacked up and we ended up with inflation. There is no meaningful GHG emissions reduction overall.