Hey Forum,
I just got the "Uranium Deposit Promises To Enrich @@MYNATION@@" issue and I was annoyed with the possible answers. The one I chose was the third "There's no need for an either-or decision," answer but I didn't really like it because it sets up a sliding slope towards no more rainforest. What I wanted to do was set up a government institution in charge of oversight of the rainforest (call it the Environmental Protection Institution) and monitor the amount of destruction done and then tax the mining company for this destruction. The money would go into a fund which the government will use to pay for the rebuilding of the rainforest once the mining company leaves. The scheme has several benefits: 1. We get the uranium, 2. We get to keep the rainforest, 3. The mining company will raise the price of the uranium to pay the tax, the people who benefit therefore pay for the cleanup, 4. The mining company has a reason to keep the forest intact since more destruction would result in a higher tax.
In case you are wondering, yes that is what popped into my mind immediately after reading the issue.. Words like 'habitat destruction', 'noise pollution', 'negative externality' and 'pigovian tax' were flying through my mind.
So, am I a policy nerd?


