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Now, we finally get to the real purpose of carbon caps and taxes... it'sInteresting! I think of carbon tax as a way of avoiding or at least minimizing the "Tragedy of the Commons"
all about wealth redistribution, whether it be to third world nations or
for so-called "social justice."
Of course, these fees would be passed on to customers at the gas pumps and
their other energy purchases. This makes everything more expensive for
everyone - rich or poor - and further damages the economy. A poor economy
hurts the poor and middle class the most - regardless of the wealth
redistribution.
Profit margins for oil companies are between 3 and 9 %, which is perfectly
acceptable. Profit margins for software and pharmaceutical companies are
typically the highest among all industries.