Last week, I did a first blog post advising people, including Houston-area Green Party legislative candidate Joe McElligott, to be very skeptical of eXXXon's support for a carbon tax with a 100 percent rebate of that tax. I said that a full rebate would remove the necessary " bite" from a carbon tax, with noting that most places in the world with a carbon tax do NOT rebate it.
Well, I didn't even think of one angle, whihc probably is eXXXon's ultimate bank shot on this.
How the hell are you going to cut rebates, as nearly exactly as possible, for 320 million Americans? You imagine how massive a bureaucracy that would take?
I suspect eXXXon already HAS imagined just that, and envisions a full rebate as a black knight, lead anchor, or whatever. Something that would make a carbon tax prohibitively expensive.
Mainstream biz media, why don't you ask old Rex Tillerson about that, next time he talks up a carbon tax? Why don't you also ask him why his company continues to fund climate change denialist groups? That alone should tell you the carbon tax proposal it has on the floor is a head fake, a big biz move, or both.
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