this post was submitted on 29 Apr 2025
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This is pretty ridiculous. A fairly big hole in the global rowboat could be smaller than all of the other holes in the boat, and we have a right to force the boat to sink. The counter argument can still lead to less "itemized regulation". Each ton of emissions has a specific cost, letting industry figure out how to minimize taxes based on emissions, and applying it globally. Paying carbon tax revenue as dividend to citizen residents lets them afford the same stuff produced the same with carbon tax added, even if untaxed product is either more attractive to consumer or more profitable to producer.
On another administration evil craziness, USDA will stop inspecting chicken for salmonela and avian flu. The cost of regulations is salaries for more local jobs for inspection and compliance. Where a regulation is useful, it boosts GDP in a useful manner. Just as death and illness from chicken poisoning has "misery costs and some productivity costs", global warming has far higher costs that impact property values and national wealth. High insurance rates are a big tax on property values that directly reduce them. High financialization rates, the ease of getting relatively cheap mortgages, is the main reason that western property values are high, and ease of insurance is key to economic financialization levels.
While doubling down to protect dead ender energy oligarchs to help extort Americans/world on higher cost energy, protects their assets for a few extra months/years, its yet another socialization of costs for private extortion gains. Where (unlike bank bailouts) the social costs are orders of magnitude higher than the private gains. Energy disruption is also job gains. Higher insurance rates or Banks declining more mortgages is not job gains. Rebuilding a house every few years is equivalent to digging a hole and refilling it instead of doing something useful to society.