You then offset that [carbon tax] with a reduction in payroll taxes, dollar for dollar. And that's why I was so flexible. It's a tax swap, that's what I was talking about. It wouldn't grow the government, and it would approximate the attachment of these negative externalities to combustion fossil fuels.
The profit of destroying nature or polluting the planet is nearly always privatized, while the costs of polluting the planet or the cost of destroying ecosystems is nearly always socialized. That cannot continue.