Confiscation could lead to dictatorship
As global warming threatens, extreme tax rates or confiscation in a socialist style seem better than nothing, a last resort solution for a wartime-like urgency.
History shows a poor record for socialist governments taking full responsibility with regulations. Also, socialism could lead to dictatorship without any counter-power, to falsifying global warming figures to mask their failure, to minimize poverty implications, to benefit friends with subsidies, to penalize foes with a web of taxation.
Individual responsibility has always been more productive when organized properly, but it needs a better way to incorporate a green economy. It must be investigated, without falling for dangerous extremisms.