Actually there is a fair amount of doubt a c-tax would do much for
saving,
Including among its strongest advocates. Naturally with faster
capital
Accumulation, despoliation of the environment could continue as well.
However with higher output maybe there is more potential for direct
investment
in environmentally-friendly stuff, including public goods But I agree
it's an
indirect, dicey approach at best.
****************
All else constant, a consumption tax encourages saving (or at least
should do so if it works as advertised). If the financial markets are
behaving, increased saving should lead to increased fixed investment.
Ignoring the outrageous nature of the first clause ("if the
financial..."), increased investment (in machinery, factories, malls,
etc.) hurts the environment as much as consumption.
A tax on effluents seems a better idea.
--
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.
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