With taxes, if they aren't working right, we can change them with a stroke of the pen. It's basically a market-type mechanism. People make their own choices. You run the taxes, and you get the results.
I kind of like carbon taxes because we already know how to apply them. We already have apparatus in place. When we talk about these other solutions - like a billion tons of iron filings in the ocean or putting sunshades between us and the sun - they're huge. We have no idea if they will work. We have no idea what their nasty consequences might be. And it's unlikely we can do them anyway.
You take the huge income that comes with a big gas tax, and you use it to pay off regressive taxes like the FICA [Federal Insurance Contributions Act] tax. You can help the poor in other ways besides giving them cheap gas. You want to send the message that people want to be as efficient as possible using gasoline until we can transition away from that need entirely.
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