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Mike's avatar

It'd be helpful to know more about who the well-heeled philanthropia (Ford? Packard? et.) and billionaires are. If part of what makes groups pushing Democrats to the left of the median voter successful is that they can tell a David v Goliath story where their Goliath is less visible, it'd be nice to change that IMO

Raoul LeBlanc's avatar

Well said. Two quick thoughts: 1) the suits are a nuisance and waste of valuable court time. Obviously we need a system that is free to bring even crazy law suits, but it would be nice if there were incentives not to keep re-litigating the issue. Hopefully there can be a suitable principle that can reduce the nuisance. 2) even if it were possible to quantify the incremental harms from the policy change, it seems that we are still ignoring that it would also be necessary to offset this with any positive benefits from warming. Those take two forms. First are the direct benefits such as reduced cold deaths and a fertilizer effect. The second would be the incremental economic benefit from the savings that result from continued use of hydrocarbons/avoidance of subsidies/lack of carbon taxes/ transition costs.there are opportunity costs to diverting deployment of capital into energy transition. If itnis argued that the costs of the transition is negative, then it seems to me that policy would be superfluous. I assume the current analysis fails to mention these benefits.

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