He’s just so wonderful isn’t he?

Tax has to be used to counter the harmful externalities created by the market,

The internal that externalities are external to is the market. It is because they are external to market pries , to the calculations people make about their actions, that they are externalities.

It is not that they are created by the market. Take CO2 emissions, something we all agree is an externality. In a planned (say, Soviet) economy they are still external to the decision making process. They’re externalities. In a market system with a carbon tax they are no longer. In a Soviet system that includes the costs of emissions they are no longer an externality.

They’re not caused by markets, they are external to them.

8 comments on “He’s just so wonderful isn’t he?

  1. Take CO2 emissions, something we all agree is an externality. … In a market system with a carbon tax they are no longer.

    CO2 is an externality of zero consequence, man, beast, fish & insect emit it to sustain life..

    Taxing CO2 is as economically stupid as taxing people for their skin’s consumption of sunlight

  2. ‘Tax has to be used to counter the harmful externalities created by the market’

    Let’s have a list of ‘harmful externalities,’ with the accompanying explanation of how a carbon tax would counter them.

    o Sea level rise. A carbon tax will . . . uhhh . . . WHAT?

    BTW . . . the rate of sea level rise has been constant for over a hundred years.

    o Ocean acidification. A carbon tax will raise or lower the pH?

    BTW . . . ocean acidification is ignorant. It’s simply not possible. There’s not enough carbon on the planet to lower the pH from 8.1 to less that 7.

    o Edith’s checkerspot will be extincted. A carbon tax will do WHAT?

    BTW . . . Edith’s checkerspot is not endangered.

    A carbon tax will have double ought zero impact on the ALLEGED global warming, it will just make people poorer and, thereby, less able to cope with it.

    Man made global warming is bogus. Climate change is obfuscation of global warming. Charging the people a tax for it is even more bogus.

  3. “something we all agree is an externality”

    Let me be more blunt than Pcar: “like fuck we do, don’t be a fucking idiot, we don’t agree with that for one cunting second”

    You’re a truly brilliant man, how the fuck can you accept the basis of the AGW scam? You rail against the scams of the foul and odious Murph and you you swallow this one whole, gulp, gulp, gulp?

    Jesus H. Fucking Christ.

  4. The early industrial revolution, in this country, had a magnificent disregard for the environment and the pollutants created are still with us today. Previous systems did not provide a reward for risk and innovation( the feudal system say) and whilst I doubt we would want the feudal system back, you have to admit it created far fewer external costs both to culture, and to the environment.
    In the 19th century this sense of cultural cost loss was acute hence the arts and crafts movement , the drive for work safety, and progress towards mass education.
    The market rewards profit driven activity. It may be a good thing overall but it has also got costs as a system compared to one based more on responsibility
    I am not sure that you can as readily extract Capitalism from culture in the way its faithful pretend ( mirroring Marxists ) anyway. Can we imagine modern markets operating without universally high levels of education. These had nothing to do with the market which provides nothing beyond a minimum wage , in fact the market destroyed the network of education that had previously existed .That cultural costs was , and is paid for, despite the market, through taxation.

    This is a Conservative point currently without Party to articulate it

  5. — “CO2 is an externality of zero consequence, man, beast, fish & insect emit it to sustain life..”

    It’s actually a positive externality.

    Newmania,

    You write so much nonsense it’s impossible to address all of it, but to imagine that the feudal system offers environmental benefits over democratic free-market ones is perhaps the most ludicrous. And let’s not forget that Capitalist countries didn’t ruin the environment to anything like the extent that the Communist ones did.

  6. Sorry Tim, but pcar & Fred have it. To the extent that the increase of CO2 is having any effect, it’s probably positive currently. So forget carbon taxes & Stern. His contribution has been well debunked. Just because he’s an economist doesn’t make him right.

  7. “you have to admit it created far fewer external costs both to culture, and to the environment.”

    Horse shit everywhere. Dumbass.

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