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You're essentially blaming taxation as an ineffective strategy to reduce fossil fuel consumption on the fact that electricity is taxed too heavily. That's still a problem with not achieving the proper levels of taxation and does not undermine any of my arguments.
In other words, the current "failure" of the tax code to achieve defined targets is evidence that the tax code needs improvement, not that it is ineffective.
In the US, inflation is controlled by continuously adjusting the monetary policy, and it's generally very effective. Likewise, the consumption of anything can be tightly regulated simply by tweaking the tax rate on the good.
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