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Links 3/2/2021 | naked capitalism


Any carbon pricing coming from the corporate world is likely to be a massive problem. In Massachusetts, the first carbon tax bill proposed was a massive transfer of wealth from house holds to business based on their rebate formulas. Written by a conservative economy consultant shop for a clueless neoliberal state senator, it took significant effort from labor and progressive tax organization for him to see the problem – but he’s still championing carbon tax, but it’s better now, better believe it.
BlakeFelix
I’m not saying that it’s going to be handled well, or that rebates are a good idea, but climate change is a massive problem also. We can’t, IMO, wait for a perfect solution. The solution will likely cause problems, just hopefully problems that are easier to deal with than ecosystem collapse and mass famine. ....

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