this post was submitted on 12 Jul 2023
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If you haven't seen it, The Good Place is a great show and they discuss this basically. Should we be responsible for tracking the output of every company before we buy any product?
(The answer is: of course not. We don't have enough time in the world for that. The correct solution is regulation and taxing for negative externalities during the production process. If the cost of negative externalities is built into the cost of the product, then it will be less benificial to purchase a product with a dirty supply chain.)
Not sure how to edit a post but will add this. I agree with you. We absolutely should be adding the cost of externalities. The only way to do this effectively is to add that cost at the consumption level. We should pay twice the cost for conventional fuel at the pumps. Heating your home should be far more expensive. Something that would also encourage people to take on roommates and fix housing issues. Taxing only or corporations simply means Russia or Saudia Arabia will increase their output while they laugh at us.
How do you tax Saudi Arabia corporations? How do you tax Russian corporations? They just make up the difference we don't produce. Is it wise to send all that money to those countries because we won't stop consuming? How is taxing our corporations helping them be competitive on the world market? We give everyone else a free pass but bill our corporations.