The argument for a carbon tax isn’t that it’s perfect. Rather, given what the idiots are doing already that it would be better:
In 1989 we finally, empirically and conclusively, solved the Socialist Calculation debate. All the bright people in government planning the world for us doesn’t work. Partly because all the bright people don’t go into government, partly because the planning is done on political, not economic, grounds and mostly because there’s no way that government can take account of the complexities of that world out there, the multitude of ways in which any specific point or problem can be solved.
Only markets, suitably prodded, can deal with all of that. Let’s not recapitulate the enforced poverty of the 20th century just because the enemy this time is climate change.
The solution to climate change will be emergent from a properly adjusted price system, not something decided in Cabinet nor enforced by those picking loser technologies around that table.