How is that quantifying the damage done or that will happen?
Raise a new tax and lower other taxes, making the tax a net zero? What would that even accomplish? :dubious:
In addition, the social change that came with smoking wouldn’t be added to this. To reference the oil prices, the use of oil products hasn’t gone down. The poor still buy gasoline and instead cut down on other things to afford to fill their tanks. Energy is a need in our culture. Not only to fill the tanks, but to run lawn mowers, computers, TVs, and most other things in our daily lives.
So, not only would we not have the needed social change to consume less power, we would be paying for it with the same governmental income we have now, only with a more complex tax code, which would impart more costs onto businesses and individuals for no gain. Additionally, the taxes generated wouldn’t go specifically towards negating or neutralizing carbon, as would be the most beneficial - it would go, instead, to the government’s general fund (at whatever level), where the politicians can go “Well, we really need something else this year.” and upset the efforts. Creating a quasi-governmental organization that is paid directly from revenue by the power companies for energy generated (by source - solar/wind almost zero, coal - lots, etc) to fund scrubbing or neutralization technology would impose a direct cost of pollution clean up on the power generators as well as directly and actively address the problem of too much carbon.
Your linked article also says that costs far and above the $25 per unit (which is a 20% increase in energy costs) would be needed to discourage using energy. Which is true, but it’s also oppressive. I would also ask you to note that it’s asking for amounts significantly above the actual costs that would be required to neutralize the carbon. We should definitely add the costs of pollution clean up to the supply chain, we should NOT tax energy above the taxation rates that already exist.
Despite claims to the contrary - while this debate rages about who, what, when, where, and why - we are not, as a western culture, sitting idly by and staring at our hands. We are already working on solutions and funding a lot of this research via government grant programs. Better solar panels, better generating motors, better ways to capture carbon from the atmosphere and more have come from the last 20 years of research, a whole bunch of which has been funded by various western governments.
So, since we already have those avenues covered, why, exactly, should we add a tax to carbon output that (oddly) won’t raise additional revenue and will instead cause a regulatory burden to businesses and/or individuals and also add financial woes to our worst off?