And without affecting growth or employment or .... well, anything, except emissions.
And, oddly, the carbon tax was introduced by a right-wing government and opposed by the left. Politicians.
The full story in the Mother Jones article, here.
And I repeat: no impact on economic growth, just as there hasn't been in Oz, where our esteemed leader, The Cane Toad, repeatedly and ad nauseam stated that the carbon tax would lead to economic collapse. And was wrong.
Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. But I can't by law give you advice, and I do make mistakes. Remember: the unexpected sometimes happens. Oddly enough, the expected does too, but all too often it takes longer than you thought it would, or on the other hand happens more quickly than you expected. The Goddess of Markets punishes (eventually) greed, folly, laziness and arrogance. No matter how many years you've served Her. Take care. Be humble. And don't blame me.
BTW, clicking on most charts will produce the original-sized, i.e., bigger version.