No, what the tax is spent on is extremely important. For instance, if revenue fr... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		scriptkiddy on April 21, 2017 \| parent \| context \| favorite \| on: Louisiana’s Governor Declares State Of Emergency O... No, what the tax is spent on is extremely important. For instance, if revenue from a carbon tax is funneled into subsidies for cattle ranchers, it's kind of counter-intuitive isn't it?

obstinate on April 21, 2017 [–]

Money is fungible. Generally speaking, new taxes are not causally linked to spending on any particular issue.

Obviously, subsidies to cattle ranchers are bad. But whether they are funded from increased debt or a carbon tax does not affect their badness.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact