Activists call for a global tax on fossil fuel companies
to pay the
costs of damage done by global heating.
Focusing on today's damage and helping today's victims is a
fundamental mistake -- the long-term damage will make today's damage
look like a pin-prick.
If a tax established for the purpose of helping today's victims is
heavy enough, it might have the effect of discouraging fossil fuel
use. It might thus do the necessary long-term job; but we should
not presume it will be heavy enough to achieve that.
If not, we had better tax the fossil fuel companies based on the damage
that they will cause.