If you haven’t seen it, The Good Place is a great show and they discuss this basically. Should we be responsible for tracking the output of every company before we buy any product?
(The answer is: of course not. We don’t have enough time in the world for that. The correct solution is regulation and taxing for negative externalities during the production process. If the cost of negative externalities is built into the cost of the product, then it will be less benificial to purchase a product with a dirty supply chain.)
How do you tax Saudi Arabia corporations? How do you tax Russian corporations? They just make up the difference we don’t produce. Is it wise to send all that money to those countries because we won’t stop consuming? How is taxing our corporations helping them be competitive on the world market? We give everyone else a free pass but bill our corporations.
If you haven’t seen it, The Good Place is a great show and they discuss this basically. Should we be responsible for tracking the output of every company before we buy any product?
(The answer is: of course not. We don’t have enough time in the world for that. The correct solution is regulation and taxing for negative externalities during the production process. If the cost of negative externalities is built into the cost of the product, then it will be less benificial to purchase a product with a dirty supply chain.)
How do you tax Saudi Arabia corporations? How do you tax Russian corporations? They just make up the difference we don’t produce. Is it wise to send all that money to those countries because we won’t stop consuming? How is taxing our corporations helping them be competitive on the world market? We give everyone else a free pass but bill our corporations.