Taxation for ecological health and human progress: an informational ontology
Published Date: 1 Oct 2024
Ongoing environmental degradation suggests that our current approach to economic production is flawed. This article adopts an informational ontology to better understand the role of Nature (qua information system) and knowledge (“transformative information”) in production, and proposes two new taxes to (i) help preserve Nature, (ii) charge for the use of environmental resources, (iii) promote knowledge production and (iv) help tackle environmental degradation. The nature preservation tax targets the spatial volume of a firm’s economic activity (with a higher rate for activity in “preservation zones” compared with “industrial zones”), thereby striving to safeguard the undiscovered information in Nature that might yet lead to the creation of new and better knowledge, which ultimately translates into more efficient production. The entropy tax targets inefficient production more directly by attaching to increases in local entropy caused by waste heat and waste materials.
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Details
- Published By: Mark Bowler-Smith
- Published On:1 Oct 2024
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