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People that blame an amorphous faceless other named "industry" always make me suspicious - suspicious that they're morons. The output of "industry" is things we, the people, use directly or indirectly. Saying that 90% of water is not used by humans, but rather used by "industry", is a mischievous and deceitful fallacy; we use that water by consuming the output of industry.

By taxing industry's use of things we'd rather "they" use less of, and taxing industry's output of things we'd rather "they" create less of (such as pollution, CO2, etc.), we are actually taxing ourselves: these taxes will increase the cost of those outputs of industry which use and produce more of what we want them to use and produce less of. By embedding the harmful effects in the price system, we can alter the balance of supply and demand and shape industry to where we want it to go, not because it's punishing "industry", but because it's punishing individuals, i.e. people like us.




Good point. One way to measure this is by the concept of virtual water: http://en.wikipedia.org/wiki/Virtual_water




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