Quote:
Originally Posted by DiracSpike
Exactly. But also the hippos want you to incur massive externalities to get the baby to pee slightly less while they just continue to do their own thing. The important thing is you're a bad person if you don't go along with it.
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To explain the capital flight component of having a carbon tax when the big emitters do not I would change the analogy to:
To pee less the baby can't eat as much food and that decrease in food is transferred over to the hippos who still refuse to stop peeing. Yes the pool keeps getting polluted, yes you're 'doing your part', but you're also starving while enriching those who won't do anything in exchange for the right to be able to say that you're doing your part.