ajguse
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- Name: ajguse
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Good Point.
Couldn't agree more. Cap-n-trade and tax schemes would in principle have similar incentive and welfare effects IF the rights were auctioned off. However, I think its safe to assume that as a practical matter we can expect a competetive auction with substantially less than 100% probability. One need only look at the list of actors now pushing for a trading scheme for proof.
Now that it is clear that CO2 taxes are superior to cap-n-trade schemes, I am looking forward to the day when the debate shifts to how to spend the revenue. I.e. which taxes should be reduced? There is still room for legitimate debate between knowledgable people on this front.On Less grift, more grist? posted 2 years, 9 months ago 3 Responses